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401(k) Retirement Administrator - Remote

Company: UnitedHealth Group
Location: Indianapolis
Posted on: March 18, 2023

Job 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 of our acquired companies; 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. -

You'll enjoy the flexibility to work remotely * from anywhere within the U.S. as you take on some tough challenges.

Primary Responsibilities:

  • Responsible for the accurate administration of acquired domestic qualified and nonqualified retirement plans through third-party record keepers, trustees, actuaries, and consultants
  • Oversee plan administrative activities; provide guidance and work direction to Retirement Analysts and/or supervisors at acquired companies
  • Responsible for working with multiple payroll providers and performing reconciliation between payroll and amounts posted to retirement plans. - Review timeliness of contribution and loan repayment deposits and calculate lost earnings correction for late deposits. Review payroll pay codes to ensure correct eligible compensation as defined in the plan document
  • Establish, maintain, and foster relationships with third-party record keepers, trustees, actuaries, consultants, and internal businesses partners
  • 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 and implement 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 including requesting, reviewing, and reconciling census data to master control totals used for testing
  • Main point of contact for internal and external audits. - Will be responsible for attending all meetings and pulling required information for the auditors as well as working with the Finance team in creating the financial statements
  • Ensure plan documents and materials are timely and accurately amended
  • Approves payment of plan expenses and use of forfeitures
  • Collaborates with the Retirement Associate Director on the implementation of new plans, program features and changes to plans and/or administrative procedures
  • Oversees the merger of acquired plans into the core UnitedHealth Group retirement plans or transition of acquired plan to the UHG Master Trust
  • 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
  • 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 retirement team special projects
  • Stays up to date on trends and developments related to qualified and nonqualified retirement plans

    Job Level Description (M2)

    • Oversees plan administration activities of professional employees and/or supervisors at acquired companies
    • Impact of work is most often at the local level
    • Collaborates on setting team direction, resolves problems, and provides guidance to members of own team
    • 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)

      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:

      • Bachelor's degree or equivalent
      • 4+ years of benefit plan experience including plan sponsor, consulting, or administration experience with qualified retirement plans
      • 2+ years of plan sponsor, consulting, or administration experience with nonqualified plans
      • Technical knowledge of administrative practices and all pertinent federal and state regulations affecting retirement programs
      • Experience managing outsourced benefits service providers
      • Solid knowledge of MS-Office tools - Word, Excel, Project, PowerPoint

        Preferred Qualifications:

        • Experience in a complex matrixed Fortune 100 organization
        • Solid interpersonal, communication and collaborative team skills
        • Ability to effectively interact with and influence all levels of internal and external business partners
        • Solid consultative, facilitation, and project management skills
        • Ability to exercise independent judgment
        • Professional designation (CEBS)
        • Proven organizational, analytical, and problem-solving skills
        • Ability to work in a team environment with a client service focus
        • Ability to handle confidential and sensitive information with the appropriate discretion
        • Ability to manage time well, prioritize effectively and handle multiple deadlines

          Careers with UnitedHealth Group. Discover rewarding opportunities as we help people live healthier lives and help make the health system work better for everyone. Join a team of people who are talented, compassionate and driven. We will support you with the global outreach, resources and inclusive culture we're proud to foster as a Fortune 5 company. We encourage you to grow as we offer a world of rewards and benefits for performance.

          *All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy.

          California, Colorado, Connecticut, Nevada, New York City, or Washington Residents Only Residents Only: The salary range for California, Colorado, Connecticut, Nevada, New York City, or Washington residents is $85,000 to $167,300. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, UnitedHealth Group offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with UnitedHealth Group, you'll find a far-reaching choice of benefits and incentives.

          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. -

Keywords: UnitedHealth Group, Indianapolis , 401(k) Retirement Administrator - Remote, Accounting, Auditing , Indianapolis, Indiana

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