Compliance Consultant

UnitedHealth Group
MINNETONKA, MINNESOTA, US
Full-time

UnitedHealth Group is a health care and well-being company that’s dedicated to improving the health outcomes of millions around the world.

We are comprised of two distinct and complementary businesses, UnitedHealthcare and Optum, working to build a better health system for all.

Here, your contributions matter as they will help transform health care for years to come. Make an impact with a diverse team that shares your passion for helping others.

Join us to start Caring. Connecting. Growing together.

Summary :

Responsible for regulatory compliance oversight for the qualified and nonqualified plans of UnitedHealth Group and their affiliated entities (the Plans ), which includes compliance testing, required plan notices, IRS / DOL reporting and research of benefits laws.

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.

The Compliance Consultant must have the ability to research, analyze and explain benefits laws and regulations to assist in ensuring that UnitedHealth Group’s Plans maintain compliance.

If you are located in Minnetonka, MN, you will have the flexibility to work from home and the office in this hybrid role* as you take on some tough challenges.

Primary Responsibilities :

  • Oversee the preparation and submission of IRS / DOL filings, including Form 5500 and Form 5330 filings
  • Assist with the preparation, review, and distribution of required plan notices, including safe harbor notices, fee disclosures, and summary annual reports
  • Assist with the preparation, review and distribution of Summary Plan Descriptions and Summary of Material Modifications
  • Oversee non-discrimination testing activities
  • Support communications processes and develop or review content to ensure alignment with retirement plans
  • Maintain awareness and understanding of new and existing laws, regulations and guidance applicable to the Plans, including ERISA
  • Ensure compliance with company policies and controls, and with the laws, regulations and rules issued or enforced by state and Federal regulatory authorities on the subject of plan administration, reporting, disclosure and filing requirements
  • Ensure plan documents and materials are timely and accurately amended
  • Assist with research, analysis and resolution of non-standard qualified and nonqualified plan issues. Escalate issues to legal and management team as needed to assure prompt and accurate resolution
  • Act as a liaison between the retirement team and internal legal team
  • Maintain a compliance calendar tracking completion of required activities for each of the qualified plans

You’ll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications :

  • 5+ years of employee benefits compliance and / or 401(k) plan experience in a fast-paced, results-oriented environment
  • Solid working knowledge of ERISA and 401(k) rules and other benefit and regulatory requirements
  • Experience in the following areas : research and analysis of qualified and nonqualified plan laws. and regulations, drafting and reviewing Summary Plan Descriptions, Form 5500 filing and nondiscrimination testing support
  • Ability to handle confidential and sensitive information with appropriate discretion
  • Ability to prioritize multiple projects and deadlines

Preferred Qualifications :

  • Comfortable working in a fast-paced, matrixed environment
  • Self-directed analytical and problem solving skills
  • Excellent verbal and written skills
  • Solid time management, organization and project management skills
  • All employees working remotely will be required to adhere to UnitedHealth Group’s Telecommuter Policy

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone.

We believe everyone of every race, gender, sexuality, age, location and income deserves the opportunity to live their healthiest life.

Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes.

We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes an enterprise priority reflected in our mission.

Diversity creates a healthier atmosphere : UnitedHealth Group is an Equal Employment Opportunity / Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.

6 hours ago
Related jobs
Promoted
UnitedHealth Group
Minnetonka, Minnesota

The Compliance Consultant must have the ability to research, analyze and explain benefits laws and regulations to assist in ensuring that UnitedHealth Group’s Plans maintain compliance. Summary: Responsible for regulatory compliance oversight for the qualified and nonqualified plans of UnitedHealth ...

Promoted
UnitedHealth Group
Minnetonka, Minnesota

The Compliance Consultant must have the ability to research, analyze and explain benefits laws and regulations to assist in ensuring that UnitedHealth Group’s Plans maintain compliance. Responsible for regulatory compliance oversight for the qualified and nonqualified plans of UnitedHealth Group and...

Sovos Compliance
Hopkins, Minnesota

As a global leader, Sovos is transforming tax compliance from a business requirement to a force for growth while revolutionizing how businesses navigate the ever-changing regulatory landscape. At Sovos, we're dedicated to more than just solving compliance challenges – we're committed to making...

UnitedHealth Group
Minnetonka, Minnesota

The Compliance Consultant must have the ability to research, analyze and explain benefits laws and regulations to assist in ensuring that UnitedHealth Group’s Plans maintain compliance. Responsible for regulatory compliance oversight for the qualified and nonqualified plans of UnitedHealth Group and...

BDO
Minneapolis, Minnesota

The Senior Cybersecurity and Compliance Consultant supports and advises BDO’s clients (customers) to satisfy their compliance, cyber security, IT controls and multiple governance frameworks applicable to their organization. Cyber, Security, Compliance, I PCI, NIST, ISO, Compliance Manager, Google VP...

UnitedHealth Group
Minnetonka, Minnesota

The Compliance Consultant must have the ability to research, analyze and explain benefits laws and regulations to assist in ensuring that UnitedHealth Group’s Plans maintain compliance. Responsible for regulatory compliance oversight for the qualified and nonqualified plans of UnitedHealth Group and...

University of Minnesota
Twin Cities, Minnesota

Performs retirement and health and welfare compliance reviews for the University’s plans, helps address a variety of ad hoc compliance questions, stays current with new legislation and leads implementation of new regulatory requirements. Establishes a schedule for compliance reviews and conducts the...

WELLS FARGO BANK
Minneapolis, Minnesota

They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, ti...

Wipfli
Minneapolis, Minnesota

Our Senior Compliance Consultant can work either in person or in a hybrid environment. Work collaboratively with compliance department, business line, and functional partners to ensure effective execution of the financial institution’s regulatory compliance program. Provide pro-active and on-going c...

WELLS FARGO BANK
Minneapolis, Minnesota

Wells Fargo is seeking a skilled and detail-oriented PCI Compliance Consultant to join our team. The ideal candidate will have a deep understanding of the Payment Card Industry Data Security Standards (PCI DSS) and be adept at identifying compliance gaps, recommending solutions, and providing guidan...