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Pension Administrator Salary

Median pay for Pension Administrators in the United States is around $49K annually. With some bonuses approaching $5K and certain profit sharing proceeds approaching $5K, overall incomes of Pension Administrators spread between $35K and $67K depending on individual performance. Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to about two-fifths. Job satisfaction for Pension Administrators is high. Female Pension Administrators are more common than men among those who completed the survey; more than half (66 percent) are women. The figures in this rundown are based on the results of PayScale's salary questionnaire.
$35,119 - $67,840
(Median)
$35K
$49K
$68K
MEDIAN: $48,837
10%
50%
90%

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$15.17 - $27.11
(Median)
$15
$20
$27
MEDIAN: $19.00
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
$35,119 - $67,840  
   
Bonus
$0.00 - $5,208  
Profit Sharing
$993 - $4,838  
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).
)
$34,972 - $66,974  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 244
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
$15.17 - $27.11  
   
Overtime
$0.00 - $36.35  
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 - $5,208  
   
Profit Sharing
$993 - $4,838  
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).
)
$34,972 - $66,974  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 56
United States (change)

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 seem to require a number of specific skills. Most notably, skills in 401k Plan Administration, Pension Plan Administration, Microsoft Word, and Microsoft Excel are correlated to pay that is above average. Most people experienced in 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.


Experience does not seem to be a strong driver of pay increase in this role. Those in the early stages of their career can expect to make around $43K; however, individuals with five to 10 years of experience bring in $51K on average — a distinctly larger sum. Pension Administrators claiming one to two decades of experience make an estimated median of $52K. As Pension Administrators reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $60K.

Related Job Salaries

Experience Affects Pension Administrator Salaries




National Average
$49,000


Skills That Affect Pension Administrator Salaries



Microsoft Excel
up arrow 1%

Microsoft Word
up arrow 1%

Microsoft Office
0%

Windows Operating System General Use
0%

National Average
$49,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
30%
10-19 years
23%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 61%
vision benefits Vision: 41% employee benefits None: 15%