Pension Administrator Salary

Median pay for Pension Administrators in the United States lies in the neighborhood of $50K annually. Final cash compensation to Pension Administrators varies from around $35K to approximately $68K; choice pay grades include potential for bonuses and profit sharing as high as $5K and $5K, respectively. Career duration is the biggest factor affecting pay for this group, followed by geography. The majority of Pension Administrators (64 percent) who took the survey are female. Medical benefits are awarded to most, and a majority earn dental coverage. The majority of Pension Administrators claim high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$35,776 - $69,322
(Median)
$36K
$50K
$69K
MEDIAN: $49,973
10%
50%
90%

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$14.95 - $27.57
(Median)
$15
$20
$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
$35,776 - $69,322  
   
Bonus
$0.00 - $5,383  
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).
)
$35,235 - $68,210  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 251
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
$14.95 - $27.57  
   
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 - $5,383  
   
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).
)
$35,235 - $68,210  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 58
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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 report using a diverse set of skills on the job. 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, with boosts between 3 percent and 8 percent. For most people, competency in Microsoft Excel indicates knowledge of 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.


More years of relevant experience do not necessarily translate to higher paychecks. Respondents with less than five years' experience take home $43K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $53K. Pension Administrators bring in $54K after working for 10 to 20 years. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $61K, demonstrating that compensation is roughly commensurate with experience in the end.

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%

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 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
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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