Top 11 Benefits Coordinator Certifications

Certifications are an important part of a benefits coordinator’s job market success. They demonstrate to potential employers that the individual has the knowledge and skills necessary for the position. Certifications also provide evidence that a benefits coordinator is committed to staying current with industry trends, regulations, and best practices. By obtaining certifications, a benefits coordinator can demonstrate their expertise in areas such as employee relations, payroll administration, compliance with federal and state laws, and benefits management. Ultimately, certifications can help a candidate stand out from other job seekers and give them an edge when applying for positions.

The purpose of this article is to provide an overview of the top certifications for Benefits Coordinators, and explain how these can help to advance a career in the field.

What are Benefits Coordinator Certifications?

Benefits coordinator certification is a credential that demonstrates a person's knowledge and expertise in the field of employee benefits. It validates a professional's understanding of employer-sponsored benefit plans, such as health insurance, retirement savings plans, and other workplace benefits. A certified benefits coordinator is qualified to provide support and advice on how to maximize an organization’s benefits program while helping employees understand their rights and responsibilities.

The program typically requires successful completion of coursework related to the fundamentals of employee benefit plans, including topics such as compliance regulations, plan design and administration, federal laws related to employee benefits, and communication strategies for communicating about benefit programs. By becoming certified, employers can be confident that their employee benefits are being managed by an experienced and knowledgeable professional who has the necessary skills to ensure their employee benefit programs are running smoothly.

By having a certified benefits coordinator on staff, organizations can be sure they are providing their employees with comprehensive benefit plans that meet all legal requirements while also meeting their business objectives. The certification also provides assurance that employees have access to knowledgeable professionals who can answer any questions or concerns about the organization’s benefit offerings. Furthermore, having a certified benefits coordinator on staff helps employers stay up-to-date on changes in the law and best practices related to employee benefits so they can make informed decisions when it comes to managing their benefit programs.

Pro Tip: When looking into becoming a benefits coordinator, make sure to research the certifications required in your state. Different states have different requirements and regulations regarding this type of certification, so it is important to be aware of what is necessary in order to obtain your certification.

Related: What does a Benefits Coordinator do?

Top 11 Benefits Coordinator Certifications

Here’s our list of the best certifications available to Benefits Coordinators today.

1. Certified Benefits Professional (CBP)

Certified Benefits Professional (CBP) is a professional certification that recognizes individuals who have demonstrated expertise in employee benefits and retirement planning. The CBP designation is awarded by the International Foundation of Employee Benefit Plans (IFEBP), an organization dedicated to helping employers design, implement, and manage employee benefit plans.

To become a Certified Benefits Professional, you must meet certain educational and experience requirements, pass the CBP examination, and agree to abide by the IFEBP's Code of Ethics.

The educational requirement for the CBP designation is a bachelor's degree or higher from an accredited college or university with coursework in business administration, finance, accounting, economics, law or other related fields. You must also have at least three years of full-time work experience in employee benefits or retirement planning.

The CBP exam consists of 200 multiple choice questions covering topics such as legal compliance, plan design and administration, financial analysis and reporting, communication strategies and more. The exam is offered twice a year in April and October at various locations throughout the United States and Canada.

The cost to take the CBP exam is $595 USD for IFEBP members ($795 USD for non-members). Additionally, there are fees associated with maintaining your certification status which include annual dues of $125 USD plus continuing education credits every two years.

2. Certified Employee Benefits Specialist (CEBS)

Certified Employee Benefits Specialist (CEBS) is a professional designation for those who specialize in employee benefits, compensation and retirement planning. The CEBS program is administered by the International Foundation of Employee Benefit Plans (IFEBP).

The CEBS program consists of five courses: Group Benefits, Retirement Plans, Compensation Management, Health Care Reform and Global Benefits. Each course requires a minimum of 30 hours of study and successful completion of an exam. After completing all five courses and exams, individuals receive their CEBS designation.

It typically takes two to three years to complete the CEBS program. However, individuals can complete it faster if they are able to dedicate more time and effort to studying for the exams.

Individuals can get started with the CEBS program by registering with IFEBP and paying the registration fee ($395). Once registered, individuals will be provided with access to online learning materials as well as textbooks that must be purchased separately.

The total cost of obtaining a CEBS designation depends on how quickly an individual completes the program and whether or not they take advantage of any discounts offered by IFEBP. Generally speaking, however, it costs approximately $2,000-$3,000 to complete the entire program.

3. Professional in Human Resources - Benefits (PHR-B)

Professional in Human Resources – Benefits (PHR-B) is a certification from the HR Certification Institute (HRCI) that demonstrates a professional’s expertise in human resources benefits. This certification is designed for professionals who are responsible for the design, implementation, and administration of employee benefit plans. It is also appropriate for those who provide advice and counsel to employers on benefit plan issues.

The PHR-B exam consists of 175 multiple-choice questions covering topics such as: legal compliance, benefit plan design and management, communication and education, cost containment strategies, and technology applications. The exam takes approximately three hours to complete.

To be eligible to take the PHR-B exam, you must have at least one year of professional experience in benefits or compensation management within the last five years. You must also have a high school diploma or equivalent degree. The HRCI offers study materials to help prepare for the exam.

The cost of taking the PHR-B exam varies depending on your membership status with HRCI. For non-members, it costs $395; for members it costs $295; and for student members it costs $195.

4. Certified Compensation Professional (CCP)

Certified Compensation Professional (CCP) is a professional certification awarded by the WorldatWork Society of Certified Professionals. It is designed to recognize and validate the knowledge and expertise of compensation professionals. The CCP designation demonstrates that an individual has a comprehensive understanding of compensation practices, principles, and techniques.

It typically takes between 6-12 months to complete the certification process. To become a CCP, candidates must pass three exams: Total Rewards Management, Base Pay Administration & Pay for Performance, and Variable Pay & Recognition Strategies. In addition to passing these exams, candidates must also have at least two years of professional experience in a compensation-related role.

The cost of becoming certified varies depending on the type of membership you have with WorldatWork. For non-members, the total cost for all three exams is $1,400 USD; for members it is $1,100 USD.

5. Certified Retirement Counselor (CRC)

Certified Retirement Counselor (CRC) is a professional designation that recognizes the expertise of financial advisors in retirement planning. The CRC credential is offered by the International Foundation for Retirement Education (InFRE), and is designed to help financial advisors better serve their clients’ retirement needs.

It typically takes about six months to complete the requirements for becoming a Certified Retirement Counselor. To become certified, applicants must have at least three years of experience in the field of retirement planning, pass an online exam, and complete a course on retirement income planning. The exam consists of 150 multiple-choice questions covering topics such as Social Security, Medicare, taxation, investments, annuities, and estate planning.

The cost to become certified varies depending on the type of program chosen. InFRE offers both self-study and instructor-led programs ranging from $495-$1,195. Additionally, there is an annual renewal fee of $85 which must be paid each year to maintain certification status.

In addition to providing recognition for professionals who specialize in retirement planning, having a Certified Retirement Counselor designation can also open up new career opportunities and provide access to additional resources such as continuing education courses and industry events.

6. Certified Pension Consultant (CPC)

A Certified Pension Consultant (CPC) is a professional designation awarded by the American Society of Pension Professionals & Actuaries (ASPPA). This designation is designed to recognize individuals who have demonstrated expertise in pension plan design, administration, and consulting.

To obtain the CPC designation, applicants must pass a comprehensive exam and meet certain education and experience requirements. The exam covers topics such as plan design, compliance, investments, and fiduciary responsibility. Applicants must also have at least three years of experience in the pension field or hold an advanced degree in a related field.

The CPC exam is offered twice each year – once in April and once in October. The fee for the exam is $450 for ASPPA members and $550 for non-members. The cost of study materials varies depending on which materials are purchased; however, most study materials range from $100 to $200.

Once the exam has been passed, applicants must complete an ethics course within two years of passing the exam in order to receive their certification. The ethics course costs $150 for ASPPA members and $200 for non-members.

7. Qualified 401(k) Administrator (QKA)

A Qualified 401(k) Administrator (QKA) is a professional designation that demonstrates an individual’s knowledge and expertise in the area of qualified retirement plans. The QKA designation is administered by the American Society of Pension Professionals & Actuaries (ASPPA). To earn the QKA designation, individuals must pass a comprehensive exam that covers topics such as plan design, compliance, and administration.

It typically takes approximately six months to complete all requirements for the QKA designation. This includes studying for and passing the exam, completing continuing education courses, and submitting a portfolio demonstrating experience in administering qualified plans.

To get started on the path to becoming a QKA, individuals should first become familiar with ASPPA's qualifications and requirements. They will then need to register for the exam with ASPPA and pay an associated fee. Once registered, they can begin studying for the exam using materials provided by ASPPA or other third-party providers. After passing the exam, they will need to complete any required continuing education courses before submitting their portfolio for review by ASPPA.

The cost of obtaining a QKA designation varies depending on which materials are used for study purposes and whether or not an individual chooses to use a third-party provider for additional assistance. In general, however, it typically costs around $1,000-$2,000 to obtain a QKA designation.

8. Accredited Pension Administrator (APA)

Accredited Pension Administrator (APA) is a professional designation that is awarded to individuals who demonstrate knowledge and experience in the administration of retirement plans. The APA designation is administered by the American Society of Pension Professionals & Actuaries (ASPPA).

To obtain the APA designation, applicants must have at least three years of full-time pension plan administration experience and must pass a comprehensive exam. The exam covers topics such as plan design, compliance, investments, and communication. Applicants must also complete a series of courses related to pension plan administration.

The cost for the APA program varies depending on whether you are an ASPPA member or non-member. For members, the cost ranges from $1,200 to $2,000 depending on which courses you take. Non-members will pay more for the same courses.

The process typically takes between 6 months and 1 year to complete all requirements and receive your APA designation.

9. Group Benefits Associate (GBA)

Group Benefits Associate (GBA) is a professional designation offered by the International Foundation of Employee Benefit Plans (IFEBP). It is a specialized certification program that provides individuals with the knowledge and skills needed to effectively administer employee benefits plans. The GBA designation recognizes individuals who have demonstrated an understanding of the complexities of employee benefit plans, as well as their ability to apply that knowledge in practice.

The GBA program consists of three courses: Group Benefits Fundamentals, Group Benefits Administration, and Group Benefits Law. Each course is designed to provide participants with a comprehensive understanding of group benefits principles and practices. The program also includes an online exam which must be passed in order to receive the GBA designation.

The entire GBA program takes approximately six months to complete. To get started, individuals must first register for the program through IFEBP's website or by calling their customer service line. Once registered, participants will receive access to all course materials and exams needed to complete the program.

The cost of the GBA program varies depending on how many courses are taken at once. For example, if all three courses are taken together it will cost $1,500 plus any applicable taxes or fees. If only one course is taken at a time then it will cost $550 per course plus any applicable taxes or fees.

10. Global Remuneration Professional (GRP)

Global Remuneration Professional (GRP) is a certification program offered by the WorldatWork Society of Certified Professionals. It is designed to recognize and validate the knowledge, skills, and abilities of professionals who design, implement, administer, and evaluate global compensation programs.

It takes approximately 6-12 months to complete the GRP certification process. The certification process includes completing an application form and passing an exam that covers topics such as global compensation strategy, international labor markets, and global mobility. After passing the exam, applicants must also submit a portfolio of their work experience in order to demonstrate their expertise in global remuneration.

The cost for the GRP certification program varies depending on whether you are a member or non-member of WorldatWork. For members, the cost is $1,295 USD; for non-members it is $1,495 USD. This fee includes access to study materials and practice tests as well as the exam itself.

The Global Remuneration Professional (GRP) certification is highly valued by employers around the world as it demonstrates a professional's expertise in designing and administering global compensation programs. Earning this certification can open up new opportunities for career advancement in international human resources management or consulting roles.

11. Chartered Retirement Plans SpecialistSM (CRPSM).

Chartered Retirement Plans SpecialistSM (CRPSM) is a professional designation offered by the College for Financial Planning. The CRPSM designation is designed to provide financial advisors with the knowledge and skills necessary to help their clients plan for retirement.

The CRPSM program consists of two courses: Retirement Planning and Distribution Strategies, and Advanced Retirement Planning Strategies. The program takes approximately eight months to complete, depending on the student's study schedule. The courses are available online or in-person at select locations.

The cost of the CRPSM program varies depending on whether you take the courses online or in-person. Online courses typically cost between $1,500-$2,000 while in-person courses range from $2,000-$3,500.

To become a Chartered Retirement Plans SpecialistSM (CRPSM), individuals must successfully complete both courses and pass a comprehensive exam administered by the College for Financial Planning. Upon successful completion of the program, individuals will receive a certificate of completion and will be eligible to use the CRPSM designation after their name.

Do You Really Need a Benefits Coordinator Certificate?

The answer to this question really depends on what kind of job you are seeking and the level of responsibility you are looking for. If you are seeking a job as a benefits coordinator, then having a Benefits Coordinator Certificate could be beneficial to your resume. It may demonstrate to potential employers that you have the knowledge and skills necessary to handle the responsibilities associated with this position.

Having a Benefits Coordinator Certificate could also be beneficial in terms of salary negotiation. Employers may view someone who has taken the time to obtain certification as more serious about their career and willing to take on greater levels of responsibility. This could potentially increase your chances of obtaining higher wages than those without certification.

In addition, having a Benefits Coordinator Certificate can open up opportunities for advancement within the field. Those with certification often have access to specialized training programs which can help them move up in their career path more quickly than those without it.

Overall, whether or not you need a Benefits Coordinator Certificate really depends on what kind of job you are looking for and how much responsibility you are willing to take on. Having certification may give you an edge over other candidates and open up new opportunities for advancement in your field.

Related: Benefits Coordinator Resume Examples

FAQs About Benefits Coordinator Certifications

1. What certifications are available for benefits coordinators?

Answer: Benefits coordinators can obtain certification through the Certified Employee Benefit Specialist (CEBS), Certified Benefits Professional (CBP), and International Foundation of Employee Benefit Plans (IFEBP).

2. What do benefits coordinator certifications entail?

Answer: Benefits coordinator certifications involve coursework in employee benefits, retirement plans, health care and other related topics. Candidates must also pass an exam to receive certification.

3. How long does a certification typically take to complete?

Answer: The amount of time needed to complete a certification varies depending on the specific program chosen. Generally, it takes between 12 and 18 months for most certifications.

4. Is continuing education required for benefits coordinator certifications?

Answer: Yes, most certifications require ongoing education and professional development in order to maintain the credential. This usually involves attending seminars or workshops related to employee benefit topics or taking additional courses or exams every few years.

5. Are there any prerequisites for obtaining a benefits coordinator certification?

Answer: Most programs have certain prerequisites that must be met before applying for a certification, such as having at least two years of experience in the field or completing an approved undergraduate degree program in human resources or business administration.