Retirement plan specialist vs benefit specialist

Differences between retirement plan specialist and benefit specialist duties and responsibilities

Retirement plan specialist example responsibilities.

• Generate sales leads for personal investments, annuities and plan sales.
• Participate in establishing and testing pension plans on PeopleSoft to automate applicable calculations.
• Call into the ADP payroll client base to cross-sell retirement products and work with payroll reps on joint sales.
• Research and advise clients and attorneys on laws and regulations to comply with QDRO and federal guidelines.
• Train staff on ASC software and provide office support, as needed, for issues and new training.
• Assist in the planning, testing and conversion of the company's payroll system from GEAC to JD Edwards.
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Benefit specialist example responsibilities.

• Manage various employee program such as life, medical, dental pension, and HSA accounts.
• Examine HMO documents to verify eligibility to process or reject into or from a manage care plan when necessary.
• Input daily time and PTO, manage benefits, report new hires, input sales, oversee accounts receivable.
• Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
• Implement new vendor for FSA administration and manage outstanding issues through continuous follow-up and vendor accountability.
• Analyze, process and manage FMLA claims to determine eligibility and certification in compliance with state and federal regulations.
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