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Plan administrator vs benefits counselor

The differences between plan administrators and benefits counselors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a plan administrator and a benefits counselor. Additionally, a benefits counselor has an average salary of $72,268, which is higher than the $68,435 average annual salary of a plan administrator.

The top three skills for a plan administrator include payroll, HR and plan administration. The most important skills for a benefits counselor are veterans, HR, and open enrollment.

Plan administrator vs benefits counselor overview

Plan AdministratorBenefits Counselor
Yearly salary$68,435$72,268
Hourly rate$32.90$34.74
Growth rate2%7%
Number of jobs51,85634,132
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 56%
Average age4645
Years of experience66

What does a plan administrator do?

A plan administrator's duties depend on their line of work or place of employment. Still, they typically include understanding the client or the project's needs, developing plans, performing research and analysis, liaising with internal and external parties, setting goals, establishing guidelines and timelines, and developing strategies to optimize procedures. They must also respond to issues and concerns, resolving them efficiently. Moreover, as a plan administrator, it is essential to monitor the daily operations and manage staff, all while implementing the company's policies and regulations.

What does a benefits counselor do?

A benefits counselor manages the company or organization's employee benefits programs. Job responsibilities may include designing and administering the benefits program to ensure company and employee needs are met, as well as assisting and educating employees in benefits enrollment activities. This job requires a full understanding of health care benefits, comprising medical, dental, and life insurance, including knowledge of pertinent regulations and legislation. In addition, benefits counselors may also need to be knowledgeable and updated with other incentives such as pensions and stock ownership.

Plan administrator vs benefits counselor salary

Plan administrators and benefits counselors have different pay scales, as shown below.

Plan AdministratorBenefits Counselor
Average salary$68,435$72,268
Salary rangeBetween $45,000 And $103,000Between $44,000 And $118,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyApple-
Best paying industryManufacturing-

Differences between plan administrator and benefits counselor education

There are a few differences between a plan administrator and a benefits counselor in terms of educational background:

Plan AdministratorBenefits Counselor
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 56%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Plan administrator vs benefits counselor demographics

Here are the differences between plan administrators' and benefits counselors' demographics:

Plan AdministratorBenefits Counselor
Average age4645
Gender ratioMale, 39.1% Female, 60.9%Male, 34.3% Female, 65.7%
Race ratioBlack or African American, 10.8% Unknown, 3.4% Hispanic or Latino, 9.8% Asian, 8.2% White, 67.3% American Indian and Alaska Native, 0.4%Black or African American, 10.9% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 6.9% White, 62.2% American Indian and Alaska Native, 0.3%
LGBT Percentage35%9%

Differences between plan administrator and benefits counselor duties and responsibilities

Plan administrator example responsibilities.

  • Create custom macro to expedite data transfer of manage ESOP.
  • Participate in establishing and testing pension plans on PeopleSoft to automate applicable calculations.
  • Establish and maintain IRA, SEP, SARSEP and Keogh plans.
  • Gather plan date (census, assets) from clients, CPA's, attorneys, and investment brokers.
  • Process monthly stock option and RSU grants.
  • Prepare RSU tax withholding calculations for mobility employees on a monthly basis.
  • Show more

Benefits counselor example responsibilities.

  • Manage vendors for medical, dental, pharmacy, vision, HSA, long-term care and work-life resource and referral programs.
  • Utilize HIPAA confidentiality of all employee data.
  • Follow all HIPAA guidelines as required by law.
  • Follow HIPPA by verifying the member's identity.
  • Handle plan claims and appeals in ERISA and non-ERISA plans.
  • Simplify and improve the FMLA process, procedures, and paperwork.
  • Show more

Plan administrator vs benefits counselor skills

Common plan administrator skills
  • Payroll, 9%
  • HR, 7%
  • Plan Administration, 6%
  • Database, 5%
  • PowerPoint, 4%
  • SOX, 4%
Common benefits counselor skills
  • Veterans, 20%
  • HR, 12%
  • Open Enrollment, 11%
  • Annuities, 9%
  • Customer Service, 5%
  • Term Disability, 3%

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