Retirement Specialist – 401k Defined Contributions

Thank you for your interest in joining Solventum. Solventum is a new healthcare company with a long legacy of solving big challenges that improve lives and help healthcare professionals perform at their best. At Solventum, people are at the heart of every innovation we pursue. Guided by empathy, insight, and clinical intelligence, we collaborate with the best minds in healthcare to address our customers’ toughest challenges. While we continue updating the Solventum Careers Page and applicant materials, some documents may still reflect legacy branding. Please note that all listed roles are Solventum positions, and our Privacy Policy: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ applies to any personal information you submit. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

Retirement Specialist – 401k Defined Contributions

3M Health Care is now Solventum

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers’ toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.

The Impact You’ll Make in this Role
 

As a Retirement Specialist – 401k Defined Contributions, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world.

Here, you will make an impact by:

• Provide overall management including administration for Solventum’s U.S. Defined Contribution / 401(k) and Non-qualified retirement plans.
• Manage relationships with vendors to ensure quality service delivery, cost efficiency, and risk mitigation.
• Guiding leadership, peers and vendors in interpreting and applying complex plan requirements in unique and individualized situations. Leading the implementation of new and updated plan features in partnership with cross-functional stakeholders and third-party vendors / recordkeepers (analyze financial impact of change, identify process and data requirements, draft/support participant communications, ensure legal requirements are understood and met).
• Constructing detailed analytical models for plan design. Based on this analysis, present and make recommendations to management.
• Staying abreast of industry trends and best practices and making recommendations appropriate for Solventum.

Your Skills and Expertise 
To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

• Bachelor’s degree or higher and seven (7) years of experience in retirement plan administration in a private, public, government or military environment.

AND

In addition to the above requirements, the following are also required:

• Working with US defined contribution retirement plans
• Experience managing large retirement benefits administration vendors
• Experience leading complex projects independently and managing competing priorities
• Understanding and working exposure to laws, regulations and other compliance requirements applicable to employee benefits plan and more specifically DC retirement plans (e.g., governance, controls, auditing)

Additional qualifications that could help you succeed even further in this role include:

• Experience in Workday

Work location: Remote - United States

Travel: May include up to [5%%][domestic/international]

Relocation Assistance: Not authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being 

Solventum offers many programs to help you live your best life – both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope.