Pension Administrator Salary

Median pay for Pension Administrators in the United States is around $52K per year. Final cash compensation to Pension Administrators varies from around $36K to approximately $78K; choice pay grades include potential for bonuses and profit sharing as high as $10K and $5K, respectively. Residence and experience level each impact pay for this group, with the former having the largest influence. The majority of Pension Administrators (66 percent) who took the survey are female. A large number report receiving medical coverage from their employers and a majority collect dental insurance. Work is enjoyable for Pension Administrators, who typically claim high levels of job satisfaction.

$38,314 - $78,536
$38K
$52K
$79K
MEDIAN: $51,943
10%
50%
90%

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$13.45 - $29.51
$13
$21
$30
MEDIAN: $21.42
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$38,314 - $78,536  
   
Bonus
$244.68 - $9,955  
Profit Sharing
$518 - $4,805  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,494 - $77,832  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 205
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$13.45 - $29.51  
   
Overtime
$6.90 - $44.84  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$244.68 - $9,955  
   
Profit Sharing
$518 - $4,805  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,494 - $77,832  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 41

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Pension Administrator

Pension administrators are responsible for performing needed maintenance and communications related to administering pension plans. They help clients enroll in the pension fund and maintain communication with current clients; this involves helping the client complete an application and answering all questions about how the pension plan works. They generate reports related that answer specific client questions, as well as more generalized reports for other departments regarding the pension plan(s) as a whole. Pension administrators are responsible for helping clients solve issues related to the IRS or other tax concerns. They must have knowledge of all relevant laws and regulations affecting their specific pension plan and its clients. Pension administrators also must maintain a database of client information to quickly and accurately answer client inquiries regarding status and benefit information.

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Pension Administrator Tasks

  • Administer employee pension and savings plans, working with plan carriers.
  • Ensure compliance to plan provisions and federal regulations.
  • Prepare, submit and maintain employee benefit records and documents.
  • Reconcile employee accounts and brokerage summary statements.
  • Determine eligibility for benefits, calculate benefits and payments.

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Popular Skills for Pension Administrator


Survey results imply that Pension Administrators put a diverse skill set to use. Most notably, skills in Microsoft Word, Windows Operating System General Use, 401k Plan Administration, and Microsoft Excel are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Most people experienced in Microsoft Excel also know 401k Plan Administration and Microsoft Office.

Pay by Experience Level for Pension Administrator

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Pension Administrators with a rich background of experience are typically rewarded with larger paychecks. Salaries for the relatively untried average out to around $45K, but survey participants with five to 10 years of experience earn a significantly higher median of $54K. People with 10 to 20 years of experience make an average of about $62K in this role. Pension Administrators who have spent more than 20 years on the job report earning a significantly higher median of $70K.

Related Job Salaries

Key Stats for Pension Administrator

Gender

Female
66 %
Male
34 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 52 votes.
Less than 1 year
4%
1-4 years
33%
5-9 years
20%
10-19 years
28%
20 years or more
15%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Pension Administrator Salaries

▲34%

▲17%

▲3%

National Average
$53,000

▼14%

Skills That Affect Pension Administrator Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 52 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
4%
1-4 years
33%
5-9 years
20%
10-19 years
28%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 66%
vision benefits
Vision: 55%
dental benefits
None: 14%
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