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Pension Administrator Salary

Earnings for Pension Administrators in the United States come in at around $49K annually on average. Including potential for bonuses and profit sharing — peaking near $5K and $5K, respectively — total cash payment to Pension Administrators can bottom out near $36K or peak near $68K depending on individual performance. Experience level is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and more than half earn dental coverage. For the most part, Pension Administrators enjoy their work and report high levels of job satisfaction. Women account for the majority of Pension Administrators who responded to the questionnaire — 64 percent to be exact. The information for this snapshot was generated by responses to the PayScale salary survey.

$35,476 - $68,919
(Median)
$35K
$49K
$69K
MEDIAN: $49,205
10%
50%
90%

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$15.22 - $28.08
(Median)
$15
$21
$28
MEDIAN: $20
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$23K$46K$69K
Salary
$35,476 - $68,919  
   
Bonus
$0.00 - $5,482  
Profit Sharing
$992 - $4,851  
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).
)
$35,531 - $68,031  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 253
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$15.22 - $28.08  
   
Overtime
$0.00 - $36.50  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $5,482  
   
Profit Sharing
$992 - $4,851  
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).
)
$35,531 - $68,031  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 58

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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

  • 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 401k Plan Administration, Pension Plan Administration, Microsoft Word, and Microsoft Excel are correlated to pay that is above average. Those familiar with Microsoft Excel also tend to 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.


For Pension Administrators, more experience in the field does not usually mean bigger paychecks. 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 $52K. People with 10 to 20 years of experience make an average of about $53K in this role. 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

United States (change)

Experience Affects Pension Administrator Salaries




National Average
$50,000


Skills That Affect Pension Administrator Salaries



Microsoft Word
up arrow 3%

Microsoft Excel
up arrow 2%

Windows Operating System General Use
up arrow 2%

Microsoft Office
up arrow 1%

National Average
$50,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 87 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
4%
1-4 years
33%
5-9 years
28%
10-19 years
24%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 61%
vision benefits Vision: 41% employee benefits None: 16%
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