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Retirement Consultant - Minnetonka, MN

UnitedHealth Group


Location:
Minnetonka, MN
Date:
08/18/2017
2017-08-182017-09-16
Job Code:
1770608
Apply on the Company Site
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Job Details


Retirement Consultant - Minnetonka, MN(Job Number:724279)
Description

Here, you'll help attract, lead, support and reward our most valuable asset: our high caliber people. Here, you're expected and empowered to be your best, to grow and to develop your skills. Be prepared to move quickly, to engage proactively, and to think strategically. Join us and help people live healthier lives while doing your life's best work.(sm)

 

Individual responsible for the accurate administration of the UnitedHealth Group’s qualified and nonqualified retirement plans; ensures administrative processes, procedures and controls facilitate effective administration and service delivery.  Responsible for program compliance with company policies and controls, and with the laws, regulations and rules issued or enforced by state, federal and foreign regulatory authorities on the subject of program administration, reporting, disclosures and filing requirements.

 

Develops, executes, and supervises projects in partnership with human capital, legal, finance, accounting, payroll, communications, information technology, and other company professionals. 

 

Primary Responsibilities:

  • Responsible for the accurate administration of domestic qualified and nonqualified retirement plans through third - party record keepers, trustees, actuaries and consultants
  • Oversee daily administrative activities; provide guidance and work direction to Wealth Analysts
  • Establish, maintain and foster relationships with third - party record keepers, trustees, actuaries and consultants
  • Ensure compliance with company policies and controls, and with the laws, regulations and rules issued or enforced by state, Federal and foreign regulatory authorities on the subject of program administration, reporting, disclosure and filing requirements
  • Ensure program policies, procedures, and provisions are documented, effective and followed.  Recommend changes to reduce incidence of error
  • Resolve issues. Ensures consistent application of provisions and compliance with applicable laws and regulations. Escalates issues to management team as needed to assure prompt and accurate resolution. Identifies root cause of issues and leads issue resolution efforts
  • Oversees the preparation and submission of IRS / DOL filings; assists with the preparation, review and distribution of plan notices
  • Oversees non - discrimination testing activities
  • Main point of contact for internal and external audits
  • Ensure plan documents and materials are timely and accurately amended
  • Approves payment of plan expenses and use of forfeitures
  • Collaborates with the Wealth Operations Manager on the implementation of new plans, program features and changes to plans and / or administrative procedures
  • Oversees the merger of acquired plans into the UnitedHealth Group 401(k) Savings Plan
  • Interacts with third - party vendors and internal team to ensure appropriate levels of performance. Periodically reviews internal and third party activities for quality
  • Reviews communication drafts for accuracy, detail and completeness. Works with business partners and human capital team members as needed to identify education and training needs. Coordinates benefit education and training initiatives
  • Measures program effectiveness based on established criteria to determine whether programs are 1) meeting their objectives, 2) furthering specific business outcomes and 3) complimenting the total rewards strategy.  Responsible for plan reporting and analysis
  • Prepares documentation of change needs and assists with the review and testing of related materials and systems
  • Participates in wealth team special projects
  • Stays up - to - date on trends and developments related to qualified and nonqualified retirement plans
  • Oversees deferred compensation plan enrollment activities
  • Manages and is accountable for professional employees and / or supervisors
  • Impact of work is most often at the local level
  • Sets team direction, resolves problems and provides guidance to members of own team
  • May oversee work activities of other supervisors
  • Adapts departmental plans and priorities to address business and operational challenges
  • Influences or provides input to forecasting and planning activities
  • Product, service or process decisions are most likely to impact multiple groups of employees and / or customers (internal or external)

 


Job Benefits
Primary Location US-MN-Minnetonka
Other Location 
Organization Total Rewards
Schedule Full-time
Number of Openings 1
Apply on the Company Site

UnitedHealth Group is the most diversified health care company in the United States and a leader worldwide in helping people live healthier lives and helping to make the health system work better for everyone.

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