Pension Administrator Salary

Pension Administrators in the United States can expect wages of $52K per year on average. Total cash compensation to Pension Administrators approaches anywhere from $38K on the lower end to $79K on the higher end; in exceptional cases, this can include more than $10K from bonuses and upwards of $4K from profit sharing. Location and tenure each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and the greater part collect dental insurance. Most Pension Administrators report high levels of job satisfaction. There are more female Pension Administrators who answered the questionnaire than male, making up 67 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$38,860 - $79,327
$39K
$52K
$79K
MEDIAN: $51,790
10%
50%
90%

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$13.92 - $28.95
$14
$21
$29
MEDIAN: $20.71
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$38,860 - $79,327  
   
Bonus
$251.68 - $9,978  
Profit Sharing
$789 - $3,969  
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).
)
$37,670 - $78,511  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 216
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$13.92 - $28.95  
   
Overtime
$7.00 - $44.49  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$251.68 - $9,978  
   
Profit Sharing
$789 - $3,969  
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).
)
$37,670 - $78,511  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 47

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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 Microsoft Word, Windows Operating System General Use, 401k Plan Administration, and Microsoft Office are correlated to pay that is above average, with boosts between 8 percent and 13 percent. The majority of those who know Microsoft Excel also know 401k Plan Administration and Microsoft Office.

Pay by Experience Level for Pension Administrator

Pay by Experience for a Pension Administrator has a positive trend. An entry-level Pension Administrator with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 107 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Pension Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $54,000 based on 62 salaries. An experienced Pension Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $62,000 based on 77 salaries. A Pension Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $71,000 based on 38 salaries.

Pay Difference by Location

National Average: $52,186

Larger city markers indicate a job is popular in that location.

Pension Administrators will find that Los Angeles offers an impressive pay rate, one which exceeds the national average by 46 percent. Pension Administrators will also find cushy salaries in San Diego (+15 percent) and New York (+7 percent). Pension Administrators in Minneapolis earn salaries far below the national average by 22 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers in Atlanta and Portland also lean toward paying below-median salaries (12 percent lower and 6 percent lower, respectively).

Related Job Salaries

Key Stats for Pension Administrator

Gender

Female
67 %
Male
33 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 56 votes.
Less than 1 year
5%
1-4 years
31%
5-9 years
21%
10-19 years
29%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Pension Administrator Salaries

▲36%

▲19%

▲3%

National Average
$52,000

▼12%

Skills That Affect Pension Administrator Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 56 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
5%
1-4 years
31%
5-9 years
21%
10-19 years
29%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 64%
vision benefits
Vision: 55%
no benefits
None: 14%
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