Pension Administrator Salary

The average Pension Administrator in the United States can expect to rake in roughly $50K annually. In the world of Pension Administrators, overall cash allowance can occasionally include more than $6K from bonuses and, in some exceptional cases, $4K from profit sharing, causing incomes to vary widely between $36K and $71K. Location is the biggest factor affecting pay for this group, followed by experience level. Medical benefits are awarded to most, and a majority earn dental coverage. The majority of Pension Administrators (64 percent) who took the survey are women. Work is enjoyable for Pension Administrators, who typically claim high levels of job satisfaction.

$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.

Pension Administrator Job Listings

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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 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. For most people, competency in Microsoft Excel indicates knowledge of 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.


Pension Administrators with a lot of experience do not necessarily enjoy more money. Workers in their first five years can expect to earn $43K, but people who have been around for five to 10 years earn a noticeably bigger sum of $53K. After working for 10 to 20 years, Pension Administrators make a median salary of $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.

Related Job Salaries

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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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