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Pension Administrator Salary

Pension Administrators in the United States take home an average $49K annually. In the world of Pension Administrators, total cash compensation can vary between $35K and $67K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $6K and $5K, respectively. Career duration is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical while a majority get dental coverage. Vision coverage is also available to nearly two in five. Work is enjoyable for Pension Administrators, who typically claim high levels of job satisfaction. The majority of Pension Administrators (64 percent) who took the survey are female.

$35,440 - $68,284
(Median)
$35K
$49K
$68K
MEDIAN: $49,080
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$23K$46K$69K
Salary
$35,440 - $68,284  
   
Bonus
$0.00 - $5,500  
Profit Sharing
$990 - $4,864  
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).
)
$35,457 - $67,400  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 241
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 - $5,500  
   
Profit Sharing
$990 - $4,864  
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).
)
$35,457 - $67,400  
Country: United States | Currency: USD | Updated: 31 Mar 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.

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 who know 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.


More years of relevant experience do not necessarily translate to higher paychecks. Although individuals who have less than five years' experience earn $43K on average, people with five to 10 years benefit from a notably larger average of $52K. On average, Pension Administrators make $53K following one to two decades on the job. After two decades in the workforce, the average Pension Administrator generally earns more than ever; median pay for this group is estimated at $61K.

Related Job Salaries

United States (change)

Experience Affects Pension Administrator Salaries




National Average
$49,000


Skills That Affect Pension Administrator Salaries



Microsoft Excel
up arrow 2%

Microsoft Word
up arrow 2%

Windows Operating System General Use
up arrow 1%

Microsoft Office
0%

National Average
$49,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 86 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
4%
1-4 years
33%
5-9 years
29%
10-19 years
24%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 60%
vision benefits Vision: 41% employee benefits None: 16%