Retirement specialist vs employee benefits supervisor

The differences between retirement specialists and employee benefits supervisors 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 an employee benefits supervisor. Additionally, an employee benefits supervisor has an average salary of $50,372, which is higher than the $40,474 average annual salary of a retirement specialist.

The top three skills for a retirement specialist include life insurance, HR and recordkeeping. The most important skills for an employee benefits supervisor are HR, payroll, and customer service.

Retirement specialist vs employee benefits supervisor overview

	Retirement Specialist	Employee Benefits Supervisor
Yearly salary	$40,474	$50,372
Hourly rate	$19.46	$24.22
Growth rate	7%	7%
Number of jobs	24,916	11,390
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 60%
Average age	45	45
Years of experience	6	6

What does a retirement specialist do?

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.

What does an employee benefits supervisor do?

An Employee Benefits Supervisor supervises, trains, and completes performance reviews for the staff they manage. They develop and update procedure manuals, analyze, note down company operations, and interact with company vendors, staff, officials, members, and other entities. They oversee all open enrollment aspects with the help of employee wellness and communications or marketing staff. They also manage vendor performance, review service agreements, lead staff calls, meetings, and lead vendor calls.

Retirement specialist vs employee benefits supervisor salary

Retirement specialists and employee benefits supervisors have different pay scales, as shown below.

	Retirement Specialist	Employee Benefits Supervisor
Average salary	$40,474	$50,372
Salary range	Between $29,000 And $56,000	Between $32,000 And $77,000
Highest paying City	Newark, NJ	-
Highest paying state	New Jersey	-
Best paying company	Amgen	-
Best paying industry	Finance	-

Differences between retirement specialist and employee benefits supervisor education

There are a few differences between a retirement specialist and an employee benefits supervisor in terms of educational background:

	Retirement Specialist	Employee Benefits Supervisor
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 60%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Retirement specialist vs employee benefits supervisor demographics

Here are the differences between retirement specialists' and employee benefits supervisors' demographics:

	Retirement Specialist	Employee Benefits Supervisor
Average age	45	45
Gender ratio	Male, 52.0% Female, 48.0%	Male, 39.6% Female, 60.4%
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, 10.7% Unknown, 3.6% Hispanic or Latino, 15.7% Asian, 7.1% White, 62.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	9%	9%

Differences between retirement specialist and employee benefits supervisor duties and responsibilities

Retirement specialist example responsibilities.

Manage and resolve participant escalations and requests from DOL.
Lead major initiatives in 3concurrent roles successfully manage affluent personal and business portfolio to proactively cross-sell additional products and services.
Review social security, Medicare, annuities and tax relate questions.
Process recalculations and payroll for retirees resuming their retirement benefits.
Utilize ASC and SRT recordkeeping systems.
Educate participants, clients and third party facilitators on various ERISA regulations and procedures.

Employee benefits supervisor example responsibilities.

Manage and provides all lab requests, orders or results to patients or providers following HIPPA protocol.
Manage payroll deductions, responsible for monthly insurance premium payments, and coordinate/communicate annual open enrollment.
Team maintain excellent HIPAA compliance guideline standards for patient privacy.
Update communication materials including new hire packets and HIPAA training.
Assist in developing HIPPA training and processes, ensuring organizational compliance.
Administer FMLA and workers compensation programs for both domestic and international employees.

Retirement specialist vs employee benefits supervisor skills

Common retirement specialist skills

Life Insurance, 11%
HR, 10%
Recordkeeping, 8%
Payroll, 8%
Medicare, 7%
Financial Products, 6%

Common employee benefits supervisor skills

HR, 10%
Payroll, 8%
Customer Service, 8%
HRIS, 7%
Cobra, 6%
HIPAA, 6%

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Retirement Specialist
Retirement Specialist vs Employee Benefits Supervisor

Updated January 8, 2025

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