Your UnitedHealth Group Benefits & Career: Financial Planning for Employees and Executives

Do you work at UnitedHealth Group? Get the resources you need and expert insights from financial professionals who specialize in helping UnitedHealth Group employees make the most of their compensation package and benefits.

Whether you’re a new UnitedHealth Group employee or you’ve moved up the ranks into a management or executive leadership role over a multi-year career, it’s important to make smart money moves with your income and employee benefits. For example:

✅ Do you know the right moves to make to get the greatest value from the UnitedHealth Group benefits available to you?

✅If you’re thinking about leaving UnitedHealth Group for another job or planning to retire from the company in a few years, are you taking the right steps today to ensure you will receive all of the compensation and benefits that you’ve earned?

Get the Most Value from Your UnitedHealth Group Benefits and Compensation Package

Throughout the year, UnitedHealth Group provides its employees and executives with updates about their benefits ranging from health insurance and health savings plans to retirement plans like a 401(k), deferred compensation plans, and stock options. While the company offers many useful resources and access to knowledgeable staff who can assist with questions, you’ll also find financial professionals not affiliated with UnitedHealth Group who specialize in helping UnitedHealth Group employees make the most of their income and benefits.

Whether you work in the UnitedHealth Group headquarters in Minnetonka, Minnesota, another office location around the country, or remotely from home, you may have questions about your compensation package and benefits better suited for a financial professional who can offer unbiased advice and guidance.

For example, sensitive topics like discussing the steps you should take before quitting your job at UnitedHealth Group to work elsewhere, protecting yourself in advance of a corporate layoff, or deciding when you should plan to retire are all conversations that may be more comfortable with a trusted financial advisor.

💡 In the Q&A below, you’ll gain insights from financial advisors who work with UnitedHealth Group employees to help them make smart decisions to get the most value from their compensation and benefits, reduce their money stress, and prepare for a comfortable retirement.

🙋‍♀️ Do you have questions not yet answered? Use the form below to submit questions anonymously and watch this article for updates with answers to your questions. You can also reach out to the financial advisors below to set up an introductory call or contact them with your questions by email.

💸 Smart Money Insights for UnitedHealth Group Employees & Executives

This page is organized into sections to help you quickly find the information you need and get answers to your questions:

1. Q&A: Financial Planning Tips for UnitedHealth Group Employees & Executives
2. Get Answers to Your Questions About Your UnitedHealth Group Benefits and Career
3. Quick Facts & Resources for UnitedHealth Group Employees
4. Browse Related Articles

Q&A: Financial Planning Tips for UnitedHealth Group Employees & Executives

Answers to Employee Questions with Steven Schoenberger, CFP®

Steven Schoenberger is a financial advisor based in Minneapolis, Minnesota, who specializes in offering financial planning services to UnitedHealth Group employees. Steven helps his clients get the most value from their UnitedHealth Group benefits and compensation package so they can enjoy life and feel confident about their financial future.

Q: As a financial advisor with experience helping UnitedHealth Group employees save for their retirement, how do you help them make the most of their employee benefits?

Steven: Executives working for UHG can maximize their earnings and savings by fully understanding the compensation structures offered. Working with an advisor who is familiar with the company’s benefits and options can help you to strategically balance current cash flow needs, income tax, and future growth. Salary, bonus, RSUs, stock options, and stock purchase plans are just a few of these items that a diligent advisor can assist with. Beyond compensation, there are other benefits to understand and consider, including retirement savings and investment options. Each company has different investments available, and it is beneficial to coordinate 401(k) plans with other investment buckets.

Q: When you first speak with a UnitedHealth Group employee, what questions do you like to ask to better understand their unique circumstances and determine how you can best help them achieve their goals?

Steven: Depending on your tenure and role within the company, we will start by clarifying what items are available to you and how to utilize them.

Q: Is there a particular benefit available to UnitedHealth Group employees you feel isn’t as well utilized or understood by employees as it should be?

Steven: Employee Stock Purchase Plans (ESPPs) can be a great way for you to invest in a great company directly from your paycheck at a discount to the public share price. While UHG’s ESPP is not the most complicated part of its benefits offerings, it is an often overlooked option.

Get to Know Steven Schoenberger, Financial Advisor for UnitedHealth Group Employees:

View Steven’s profile page on Wealthtender or visit his website to learn more.

Q: Beyond UnitedHealth Group employee benefits for retirement savings, are there other types of benefits offered by the company that you find valuable to discuss with your clients (e.g., stock, education savings, health savings)?

Steven: Large companies offer numerous benefits that employees can utilize. These offerings are not always well known, poorly presented, and changing. Working with an advisor who is familiar with the company can help you understand and utilize the lesser-known items.

Q: For UnitedHealth Group employees thinking about leaving the company to accept a job elsewhere, what actions do you recommend they take before resigning and shortly thereafter?

Steven: When compensation includes annual bonuses, Restricted Stock Units (RSUs), and options, leaving an employer can be very tricky. Understanding these items and their timing can help ensure that employees looking to move to another company are not leaving money on the table!

Q: For UnitedHealth Group employees approaching retirement age, how do you recommend they prepare to make the transition from living off their salary to relying upon other sources of income?

Steven: For long-time employees of UHG, the biggest unique concern for their retirement is a portfolio concentrated in UHG company stock.

Q: For UnitedHealth Group employees who have managed their finances on their own to this point, what would you suggest they consider to help them decide if they should begin working with a financial advisor at this stage in their lives?

Steven: Like with all financial matters, an outside advisor can be a great resource and second set of eyes to make sure nothing is being missed or overlooked. Many young employees have managed their own benefits for many years, but as they enter more senior roles with the company, things can change. The value of non-cash compensation can become more significant and warrant additional review, and – probably more importantly – the demands of the job can change in a way where it is simply beneficial to transfer certain things to others to manage.

Q: What questions do you recommend UnitedHealth Group employees ask financial advisors they’re considering hiring to help them decide if they’re a good fit?

Steven: Ask the same questions you would ask any financial advisor. If that advisor cannot provide answers that are specific to your circumstances, that is not a good fit.

Q: Is there a particularly memorable experience or a moment you recall with a client who worked at UnitedHealth Group when you realized they have unique opportunities and circumstances when it comes to their financial planning needs?

Steven: One of the unique things about large companies, especially UHG, is that often when employees/clients are seeking a new job, it is far more advantageous to look within the UHG system rather than going to a new employer. Not only does UHG have multiple roles and organizational structures available that may address current job frustrations, but a change within the company can often preserve thousands of dollars of accrued but unvested or unpaid benefits.

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