What is a Retirement Plan Specialist

The goal of most workers is to stop working at some point. People want to live out their old age in comfort while puttering around the garden, filling out crossword puzzles, and thinking about moving to Florida. In order to do that, people need to prepare for retirement while they are still working, which is where a retirement plan specialist comes in.

A retirement plan specialist can work for a company's human resources department or for a bank managing retirement accounts. They explain various benefits accounts to clients, help them choose the best one for their needs, and help them develop good saving habits in order to build up a good nest egg for retirement.

Retirement plan specialists usually need to know a lot about business and finance in order to explain various savings and investment options to clients. It's no surprise that most retirement plan specialists have at least a bachelor's degree in business or a related field.

There is more than meets the eye when it comes to being a Retirement Plan Specialist. For example, did you know that they make an average of $30.39 an hour? That's $63,216 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 5,300 job opportunities across the U.S.

What Does a Retirement Plan Specialist Do

There are certain skills that many Retirement Plan Specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Business skills and Communication skills.

How To Become a Retirement Plan Specialist

If you're interested in becoming a Retirement Plan Specialist, one of the first things to consider is how much education you need. We've determined that 76.1% of Retirement Plan Specialists have a bachelor's degree. In terms of higher education levels, we found that 8.4% of Retirement Plan Specialists have master's degrees. Even though most Retirement Plan Specialists have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Retirement Plan Specialist. When we researched the most common majors for a Retirement Plan Specialist, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Retirement Plan Specialist resumes include Master's Degree degrees or High School Diploma degrees.

You may find that experience in other jobs will help you become a Retirement Plan Specialist. In fact, many Retirement Plan Specialist jobs require experience in a role such as Customer Service Representative. Meanwhile, many Retirement Plan Specialists also have previous career experience in roles such as Finance Advisor or Service Representative.

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And if you’re looking for a job, here are the five top employers hiring now:

  1. Morgan Stanley Jobs (45)
  2. Citigroup Jobs (10)
  3. American International Group Jobs (6)
  4. Fidelity Investments Jobs (30)
  5. JPMorgan Chase & Co. Jobs (7)
Average Salary
$63,216
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
10,792
Job Openings
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Average Salary for a Retirement Plan Specialist

Retirement Plan Specialists in America make an average salary of $63,216 per year or $30 per hour. The top 10 percent makes over $107,000 per year, while the bottom 10 percent under $37,000 per year.
Average Salary
$63,216
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Choose From 10+ Customizable Retirement Plan Specialist Resume templates

Zippia allows you to choose from different easy-to-use Retirement Plan Specialist templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Retirement Plan Specialist resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Retirement Plan Specialist Resume

Retirement Plan Specialist Demographics

Retirement Plan Specialist Gender Distribution

Male
Male
54%
Female
Female
46%

After extensive research and analysis, Zippia's data science team found that:

  • Among Retirement Plan Specialists, 45.6% of them are women, while 54.4% are men.

  • The most common race/ethnicity among Retirement Plan Specialists is White, which makes up 64.3% of all Retirement Plan Specialists.

  • The most common foreign language among Retirement Plan Specialists is Spanish at 45.5%.

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Retirement Plan Specialist Education

Retirement Plan Specialist Majors

32.8 %
15.9 %

Retirement Plan Specialist Degrees

Bachelors

76.1 %

Associate

10.6 %

Masters

8.4 %

Top Colleges for Retirement Plan Specialists

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

4. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

5. SUNY College at Oswego

Oswego, NY • Private

In-State Tuition
$8,440
Enrollment
7,039

6. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

7. Baylor University

Waco, TX • Private

In-State Tuition
$45,542
Enrollment
14,159

8. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

9. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

10. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018
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Top Skills For a Retirement Plan Specialist

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 15.1% of Retirement Plan Specialists listed Life Insurance on their resume, but soft skills such as Analytical skills and Business skills are important as well.

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Top Retirement Plan Specialist Employers

Most Common Employers For Retirement Plan Specialist

RankCompanyZippia ScoreAverage Retirement Plan Specialist SalaryAverage Salary
1$125,312
2$115,222
3$92,024
4$91,097
5$89,281
6$88,280

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