MICHAEL T.

EXUM
557 Longfellow Lane ? Harleysville, Pennsylvania 19438
(c) 484-241-0690 (h) 215-256-4726 ? me74b05a@westpost.net

SENIOR MANAGER/DIRECTOR OF BENEFITS

Health ? Welfare ? Plan Design ? Vendor Development ? Benefits
Offering 20+ years distinguished experience in benefits administration, strategi
c plan design, health program launch and management of Consumer Driven Health Pl
ans and health savings accounts. Track record of success with Fortune 500 compan
ies including Met Life, New York Life, Lucent Technologies, Dow Jones and Tyco I
nternational. Seasoned in win-win negotiations, physician/ health care provider
recruitment, building administrative/tech support and cost cutting initiatives.
Skilled in cutting edge medical, dental and voluntary benefits plans fully compl
iant with HIPAA, DOL, ERISA, Section 125 and IRS guidelines. Passionate in optim
izing health and welfare management programs to maximum value and quality.
Skills Snapshot
Healthy Incentive Programs ? Corporate Wellness initiatives ? Total Rewards Prog
rams ? ROI ? Needs Analysis
Subcontractor Performance Metrics ? Audit Reporting ? Employee Participation ? C
arrier Audits ? Pensions
Program Impact Cost ? Benchmarking ? HRIS Management ? Plan Administration ? Dat
a Analysis
Medical ? Dental ? Life Insurance ? STD ? LTD ? 401(k) Plans ? Flexible Spending
Accounts ? Plan Strategy
Deferred Compensation Programs ? SERP Programs ? Project Roll Out/Management ? C
ompliance
Multimillion Dollar Cost Savings ? SOX Documentation ? Program Implementation ?
Vendor Development
PROFESSIONAL EXPERIENCE
TYCO INTERNATIONAL, Princeton, New Jersey 2006 - Present
Senior Manager, Health and Welfare Plan Design
Lead in-depth research of optimal plan vendors, consolidating 10 to 2 national c
arriers, upgrading benefits quality, controlling health care costs and streamlin
ing network access. Save multimillion dollars in building a plan that reduces do
wntime, staff illness and maximizing productivity. Oversee major benefits re-eng
ineering due to corporate split into multiple business entities. Analyze documen
ts, summary plan descriptions and benefit plan contracts to ensure 100% complian
ce to SOX control objectives as well as IRS rules, ERISA, DOL, HIPAA and Section
125. Define current medical/health issues, identifying areas of improvement and
creating proactive solutions, taking into account budget and ROI.
Key Accomplishments
* Initiated the 1st Consumer Driven Health Plan and Health Savings Account, buil
ding a partnership with JPMorgan and HealthEquity to administer financial arrang
ements.
* Launched the 1st corporate Healthy Rewards Program, capturing a significant pe
rcent of the company's 100K+ personnel to participate in some sort of wellness a
ctivity.
* Leveraged 20+ years in vendor relations development to gather relevant data, d
etail performance metrics, supervise intense accountability reporting and study
claims data.
* Ensured employees understood plans and benefits through creating a user-friend
ly online wellness program, learning management programs and proactive lifestyle
coaching.
DOW JONES AND COMPANY, Princeton, New Jersey 2004 - 2006
Manager, Employee Benefits
Researched and evaluated multiple employee benefits plans, advising optimal path
for maximum ROI, quality of service and options for staff. Served as key partic
ipant in the HRMS Steering Committee, overseeing program impact and technology n
eeds analysis. Aided "green" and cost saving initiatives via implementation of a
n online portal that brought efficiencies to the enrollment processes and enable
d paperless operations. Supervised maintenance of the corporate HRIS dealing wit
h benefits data.
Cont...
MICHAEL T. EXUM ~ Page 2 ~ me74b05a@westpost.net

Dow Jones and Company Cont...

Key Accomplishments
* Administered employee benefit programs for 5K staff, working with 3rd party ve
ndors and insurance carriers to oversee deferred compensation/SERP programs, pen
sions, 401(k) plans, medical, dental, life insurance, STD, LTD and Flexible Spen
ding Accounts.
* Initiated the company's Total Rewards Program, working with HRIS and Communica
tions teams, leveraging online paperless statements to cut costs and implement "
green" programs.
* Spearheaded year-end carrier audits dealing with plan management and claims ad
ministration.
AGERE SYSTEMS, Allentown, Pennsylvania 2001 - 2004
Senior Manager, Health and Welfare Benefits
Supervised strategy and execution of the 1st corporate Consumer Driven Health Pl
an with a Health Savings Account for nearly 7K global personnel. Collaborated wi
th the Director of Communications for launch of Total Reward statements, geared
towards demonstrating value and encouraging participation. Championed expert adm
inistration of vendor development, creating subcontractor scorecards and perform
ance metrics to quantify 3rd party quality of products/services and relate track
record to corporate expectations.
Authored and analyzed procedure/policy updates, Summary Plan Descriptions, Plan
Documents and general Benefit Communications. Detailed business requirements to
HRIS for benefits plan amendments, carrier changes and state/federal regulation
changes. Ensured complete compliance to HIPAA, company, state and federal guidel
ines.
Key Accomplishments
* Served as Subject Matter Expert for benefits plans questions, best practices,
data metrics and future planning, post-divestment from Lucent Technologies.
* Re-engineered financial benchmarking, data gathering, vendor contracts and ove
rall program strategy as company became an independent entity.
* Created the benefit appeal process including best practices in presenting info
rmation to the Benefits Review Committee.
LUCENT TECHNOLOGIES, Morristown, New Jersey 1999 - 2001
Benefit Manager
Administered medical, dental, life insurance, vision, LTC, business travel, acci
dent and voluntary benefits for 150K personnel. Led pre-merger due diligence and
post-integration as company grew and absorbed other business entities, their st
aff and resources. Spearheaded best practices in benefits plan design, roll out
and upgrading. Directed 3rd party administrators in building payroll deduction p
rograms, system interfaces and program communications
Career Note: Additional experience as Installations Consultant, Met Life. Networ
k Development Manager, Oxford Health Plans. Provider Relations Representative, S
anus Health Plans. Account Manager, Met Life.
EDUCATION
Bachelor of Arts ~ English
Fairleigh Dickinson University, Madison, New Jersey

PROFESSIONAL AFFILIATIONS
Society for Human Resources Management
International Foundation of Benefits ~ WorldAtWork