Pension Administrator Salary

Pension Administrators in the United States take home an average $50K annually. Total cash compensation to Pension Administrators approaches anywhere from $36K on the lower end to $68K on the higher end; in exceptional cases, this can include more than $6K from bonuses and upwards of $5K from profit sharing. Career duration is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and the larger part collect dental insurance. There are more female Pension Administrators who answered the questionnaire than male, making up 64 percent. Most Pension Administrators report high levels of job satisfaction.

$35,614 - $69,255
(Median)
$36K
$50K
$69K
MEDIAN: $49,879
10%
50%
90%

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$15.19 - $27.62
(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$24K$48K$72K
Salary
$35,614 - $69,255  
   
Bonus
$0.00 - $5,537  
Profit Sharing
$985 - $4,889  
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).
)
$35,507 - $68,173  
Country: United States | Currency: USD | Updated: 20 Jun 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
$15.19 - $27.62  
   
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 - $5,537  
   
Profit Sharing
$985 - $4,889  
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).
)
$35,507 - $68,173  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 57
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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


Pension Administrators seem to require a number of specific skills. Most notably, skills in 401k Plan Administration, Pension Plan Administration, Microsoft Word, and Windows Operating System General Use are correlated to pay that is above average. Most people skilled in Microsoft Excel are similarly competent in 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. Salaries for the relatively untried average out to around $43K, but survey participants with five to 10 years of experience earn a significantly higher median of $53K. People with 10 to 20 years of experience make an average of about $54K in this role. Pension Administrators who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $61K.

Related Job Salaries

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Experience Affects Pension Administrator Salaries




National Average
$50,000


Skills That Affect Pension Administrator Salaries



Microsoft Word
up arrow 3%

Windows Operating System General Use
up arrow 2%

Microsoft Excel
up arrow 1%

Microsoft Office
up arrow 1%

National Average
$50,000

Job Satisfaction

Highly satisfied
Rated 4 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
12%

Common Health Benefits

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