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The differences between retirement specialists and benefits assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a retirement specialist and a benefits assistant. Additionally, a retirement specialist has an average salary of $40,474, which is higher than the $39,850 average annual salary of a benefits assistant.
The top three skills for a retirement specialist include life insurance, HR and recordkeeping. The most important skills for a benefits assistant are human resources, data entry, and cobra.
| Retirement Specialist | Benefits Assistant | |
| Yearly salary | $40,474 | $39,850 |
| Hourly rate | $19.46 | $19.16 |
| Growth rate | 7% | 7% |
| Number of jobs | 24,916 | 25,337 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 62% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
A retirement specialist is responsible for designing and implementing retirement packages such as benefits, savings, profit sharing, and pensions to the employees of a certain company. They work together with the human resource department to ensure that all retirees can access their benefits and pensions. Their duties and responsibilities include explaining the different retirement packages to the potential beneficiaries and working with HR to resolve any issues.
Typically working in a human resources department, a benefits assistant is in charge of performing clerical support tasks for an efficient workflow. They primarily communicate with employees to answer inquiries regarding benefits and compensation programs, assist in processing documents, and resolve issues and concerns. Their responsibilities also include conducting research and analysis, liaising with external parties such as vendors and suppliers, organizing documents, and maintaining records. Above all, it is essential to carry out duties while adhering to the company's policies and regulations.
Retirement specialists and benefits assistants have different pay scales, as shown below.
| Retirement Specialist | Benefits Assistant | |
| Average salary | $40,474 | $39,850 |
| Salary range | Between $29,000 And $56,000 | Between $31,000 And $50,000 |
| Highest paying City | Newark, NJ | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Amgen | Irving Isd |
| Best paying industry | Finance | Government |
There are a few differences between a retirement specialist and a benefits assistant in terms of educational background:
| Retirement Specialist | Benefits Assistant | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between retirement specialists' and benefits assistants' demographics:
| Retirement Specialist | Benefits Assistant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 15.7% Female, 84.3% |
| Race ratio | Black or African American, 10.8% Unknown, 3.6% Hispanic or Latino, 15.4% Asian, 7.7% White, 62.2% American Indian and Alaska Native, 0.3% | Black or African American, 10.5% Unknown, 3.8% Hispanic or Latino, 15.4% Asian, 7.9% White, 62.0% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |