Senior Benefits Analyst Salary

More than half of Senior Benefits Analysts in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $50K to $87K per year, and the average comes out to $66K per year. The range in cash compensation to Senior Benefits Analysts ($50K to $87K) includes potential earnings of $9K each from bonuses and profit sharing in exceptional cases. Residence and years of experience each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Most Senior Benefits Analysts survey respondents are women (79 percent). Job satisfaction for Senior Benefits Analysts is high. Respondents to the PayScale salary survey provided the data for this report.

$49,927 - $83,502
(Median)
$50K
$66K
$84K
MEDIAN: $66,289
10%
50%
90%

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$15.04 - $31.50
(Median)
$15
$23
$32
MEDIAN: $23.00
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$29K$58K$87K
Salary
$49,927 - $83,502  
   
Bonus
$0.00 - $9,124  
Profit Sharing
$503 - $8,840  
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).
)
$49,628 - $86,691  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 325
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$18$36$54
Hourly Rate
$15.04 - $31.50  
   
Overtime
$21.46 - $53.83  
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$50K$100K$150K
Bonus
$0.00 - $9,124  
   
Profit Sharing
$503 - $8,840  
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).
)
$49,628 - $86,691  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 20
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Job Description for Senior Benefits Analyst

A senior benefits analyst manages the day-to-day administration of employee benefits. The responsibilities include new hire benefit enrollment, as well as the life event and annual benefits enrollment processes. Another main task is to create and maintain the annual compliance calendar to ensure that every employee has received benefit information and completed any necessary steps. The typical workday takes place in an office setting during regular business hours. The opportunity to work from home is sometimes available, though the senior benefits analyst does need to be available to employees who may have questions or concerns.

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Senior Benefits Analyst Tasks

  • Provide ongoing analysis on trends, legislative changes and best practices within the benefits field.
  • Participate in cross-departmental budget review for benefit plans.
  • Work with insurance carriers to resolve issues regarding eligibility and claims.
  • Formulate solutions to solve needs regarding benefits.
  • Ensure benefit plans are administered according to plan provisions and company’s regulatory guidelines.

Common Career Paths for Senior Benefits Analyst


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Senior Benefits Analysts' salary tends to stay somewhat level for those who assume higher-end positions like Benefits Manager. Median pay for Benefits Managers is $67K.

Senior Benefits Analyst Job Listings

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Senior Benefits Analysts usually report a few specific skills. Most notably, skills in Vendor Management, Data Analysis, Benefits Administration, and 401k Plan Administration are correlated to pay that is above average, with boosts between 3 percent and 15 percent.

Pay by Experience Level for Senior Benefits Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Senior Benefits Analysts, more experience in the field does not usually mean bigger paychecks. Those in the early stages of their career can expect to make around $59K; however, individuals with five to 10 years of experience bring in $67K on average — a distinctly larger sum. For Senior Benefits Analysts, 10 to 20 years of experience on the job amounts to an average salary of $72K. More than 20 years of experience mean a somewhat bigger median paycheck of $73K, but it's not much more than what less experienced people make.

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Experience Affects Senior Benefits Analyst Salaries

Late-Career
up arrow 9%

Experienced
up arrow 7%

National Average
$67,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 13%

Skills That Affect Senior Benefits Analyst Salaries

Vendor Management
up arrow 15%

Data Analysis
up arrow 10%

Benefits Administration
up arrow 3%

National Average
$67,000

401k Plan Administration
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 63 votes.

Gender

Female
79 %
Male
22 %

Years of Experience

Less than 1 year
0%
1-4 years
16%
5-9 years
29%
10-19 years
37%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 87%
vision benefits Vision: 77% employee benefits None: 5%
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