Median pay for Pension Administrators in the United States is around $52K annually. With some bonuses approaching $10K and certain profit sharing proceeds approaching $4K, overall incomes of Pension Administrators spread between $37K and $77K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by career length. Job satisfaction is reported as high by the vast majority of workers. The majority of Pension Administrators (68 percent) who took the survey are female. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to more than half. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$37,609 - $78,095
(Median)
$38K
$52K
$78K
MEDIAN: $51,734
10%
50%
90%

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$13.69 - $29.30
(Median)
$14
$23
$29
MEDIAN: $22.00
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$27K$54K$81K
Salary
$37,609 - $78,095  
   
Bonus
$257.60 - $9,960  
Profit Sharing
$511 - $3,801  
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).
)
$36,936 - $76,867  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 185
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$16$32$48
Hourly Rate
$13.69 - $29.30  
   
Overtime
$6.85 - $45.06  
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$32K$64K$96K
Bonus
$257.60 - $9,960  
   
Profit Sharing
$511 - $3,801  
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).
)
$36,936 - $76,867  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 47
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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 suggest that Pension Administrators use a fairly large toolkit of professional skills. Most notably, skills in Microsoft Word, Windows Operating System General Use, 401k Plan Administration, and Microsoft Office are correlated to pay that is above average, with boosts between 5 percent and 10 percent. Those familiar with Microsoft Excel also tend to 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.


Experience is an important factor influencing the compensation of Pension Administrators. The average worker who claims fewer than five years of experience earns around $45K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $55K. After working for 10 to 20 years, Pension Administrators make a median salary of $61K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $69K.

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Experience Affects Pension Administrator Salaries




National Average
$53,000


Skills That Affect Pension Administrator Salaries





Microsoft Excel
up arrow 4%

Pension Plan Administration
up arrow 3%

National Average
$53,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
5%
1-4 years
33%
5-9 years
18%
10-19 years
29%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 66%
medical benefits
Vision: 54%
dental benefits
None: 14%
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