Pension Administrator Salary

Pension Administrators in the United States pull down an average of $50K per year. In the world of Pension Administrators, total cash compensation can vary between $36K and $71K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $6K and $4K, respectively. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Most Pension Administrators report high levels of job satisfaction. Medical benefits are awarded to a large number, and more than half earn dental coverage. Female Pension Administrators survey participants are more prevalent than men — 64 percent of professionals. Respondents to the PayScale salary survey provided the data for this report.

$35,990 - $71,283
(Median)
$36K
$50K
$71K
MEDIAN: $49,956
10%
50%
90%

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$15.94 - $28.45
(Median)
$16
$21
$28
MEDIAN: $21.00
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$24K$48K$72K
Salary
$35,990 - $71,283  
   
Bonus
$0.00 - $5,725  
Profit Sharing
$640 - $4,156  
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).
)
$36,408 - $70,789  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 271
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
$15.94 - $28.45  
   
Overtime
$3.50 - $42.81  
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
$0.00 - $5,725  
   
Profit Sharing
$640 - $4,156  
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).
)
$36,408 - $70,789  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 63
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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


Survey results show that Pension Administrators use a fair number of skills. Most notably, skills in Microsoft Word, 401k Plan Administration, Pension Plan Administration, and Microsoft Office are correlated to pay that is above average, with boosts between 5 percent and 9 percent. The majority of those who know 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. The average worker who claims fewer than five years of experience earns around $43K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $53K. Pension Administrators with one to two decades of relevant experience report an average salary of approximately $55K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $61K.

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Experience Affects Pension Administrator Salaries




National Average
$50,000


Skills That Affect Pension Administrator Salaries





Windows Operating System General Use
up arrow 4%

Microsoft Excel
up arrow 2%

National Average
$50,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
4%
1-4 years
32%
5-9 years
28%
10-19 years
25%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 64%
medical benefits
Vision: 47%
dental benefits
None: 14%
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