Pension Administrator Salary

Pay for Pension Administrators in the United States sits in the ballpark of $50K annually. Total cash compensation to Pension Administrators bottoms out near $35K and approaches $68K on the high end; the biggest paychecks include approximately $5K from bonuses and almost $5K from profit sharing. Career length is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and a majority earn dental coverage. Work is enjoyable for Pension Administrators, who typically claim high levels of job satisfaction. The majority of Pension Administrators (65 percent) who took the survey are women. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$35,837 - $69,553

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$14.95 - $27.57

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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$24K$48K$72K
Salary
$35,837 - $69,553  
   
Bonus
$0.00 - $5,383  
Profit Sharing
$986 - $4,870  
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).
)
$35,309 - $68,474  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 254
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$13$26$39
Hourly Rate
$14.95 - $27.57  
   
Overtime
$0.00 - $36.19  
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$26K$52K$78K
Bonus
$0.00 - $5,383  
   
Profit Sharing
$986 - $4,870  
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).
)
$35,309 - $68,474  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 58
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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

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

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Popular Skills for Pension Administrator


Pension Administrators report using a pretty varied skill set on the job. Most notably, skills in 401k Plan Administration, Pension Plan Administration, Microsoft Word, and Windows Operating System General Use are correlated to pay that is above average, with boosts between 4 percent and 8 percent. Most people experienced in Microsoft Excel also know Pension Plan Administration and 401k Plan Administration.

Pay by Experience Level for Pension Administrator

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


More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience make $42K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $53K. Pension Administrators with one to two decades of relevant experience report an average salary of approximately $54K. Veterans who have acquired more than 20 years report a median income of $61K, which is generally higher than the pay reported by other tenure groups.

Related Job Salaries

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Experience Affects Pension Administrator Salaries




National Average
$50,000


Skills That Affect Pension Administrator Salaries



Microsoft Word
up arrow 4%

Microsoft Excel
up arrow 2%

Windows Operating System General Use
up arrow 2%

Microsoft Office
up arrow 1%

National Average
$50,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 81 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
4%
1-4 years
32%
5-9 years
27%
10-19 years
25%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 61%
vision benefits Vision: 42% employee benefits None: 16%
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