Pension Administrator Salary

The average Pension Administrator in the United States earns approximately $52K per year. Cash earnings for Pension Administrators — including $10K in bonuses and $5K in profit sharing proceeds near the top of the pay scale — generally stretch from $37K to $79K depending on individual performance. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and more than half earn dental coverage. For the most part, Pension Administrators enjoy their work and report high levels of job satisfaction. The majority of Pension Administrators (66 percent) who took the survey are women.

$38,558 - $79,189
$39K
$52K
$79K
MEDIAN: $52,407
10%
50%
90%

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$13.77 - $29.48
$14
$22
$29
MEDIAN: $21.58
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
$38,558 - $79,189  
   
Bonus
$257.60 - $10,022  
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).
)
$36,913 - $78,569  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 201
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
$13.77 - $29.48  
   
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 - $10,022  
   
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).
)
$36,913 - $78,569  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 42

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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.

Pension Administrator Job Listings

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Popular Skills for Pension Administrator


Pension Administrators report using a diverse set of skills on the job. 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 6 percent and 11 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 and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. The average worker who claims fewer than five years of experience earns around $46K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $54K. Pension Administrators with one to two decades of relevant experience report an average salary of approximately $62K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $71K.

Pay Difference by Location

National Average: $53,050

Larger city markers indicate a job is popular in that location.

For Pension Administrators, busy Los Angeles offers a higher-than-average pay rate, 43 percent above the national average. Pension Administrators will also find cushy salaries in San Diego (+13 percent) and New York (+6 percent). Pension Administrators' salaries are heavily influenced by location — Pension Administrators in Minneapolis bring in salaries that are 23 percent lower than the national average. Workers in Atlanta and Portland earn salaries that trail the national average for those in this profession (13 percent less and 8 percent less, respectively).

Related Job Salaries

Key Stats for Pension Administrator

Gender

Female
66 %
Male
34 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.
Less than 1 year
5%
1-4 years
33%
5-9 years
20%
10-19 years
27%
20 years or more
16%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Pension Administrator Salaries

▲34%

▲17%

▲1%

National Average
$53,000

▼14%

Skills That Affect Pension Administrator Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
5%
1-4 years
33%
5-9 years
20%
10-19 years
27%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 66%
vision benefits
Vision: 54%
dental benefits
None: 13%
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