Senior Benefits Analyst Salary

Senior Benefits Analysts in the United States are often veterans in their line of work, with slightly more than half bringing more than 10 years of experience to the table. Salaries slide in at $69K annually on average but can range from $51K to $89K per year. In the world of Senior Benefits Analysts, total cash compensation can vary between $51K and $89K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $5K, respectively. Location is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction is high and work is enjoyable for most Senior Benefits Analysts. Female Senior Benefits Analysts far outnumber their male contemporaries among survey respondents. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a large number. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$51,608 - $85,423
$52K
$69K
$85K
MEDIAN: $68,764
10%
50%
90%

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$18.52 - $41.19
$19
$27
$41
MEDIAN: $26.62
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$30K$60K$90K
Salary
$51,608 - $85,423  
   
Bonus
$989 - $10,179  
Profit Sharing
$604 - $4,966  
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).
)
$50,988 - $88,593  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 265
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$16$32$48
Hourly Rate
$18.52 - $41.19  
   
Overtime
$20.85 - $46.52  
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$32K$64K$96K
Bonus
$989 - $10,179  
   
Profit Sharing
$604 - $4,966  
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).
)
$50,988 - $88,593  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 18

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United States (change)

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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

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

Common Career Paths for Senior Benefits Analyst


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As Senior Benefits Analysts make advancements in their career path, their salaries may not change right away. For example, the higher-level Human Resources Consultant position pays around the same amount as the Senior Benefits Analyst job on average.

Senior Benefits Analyst Job Listings

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Popular Skills for Senior Benefits Analyst


Senior Benefits Analysts report using a diverse set of skills on the job. Most notably, skills in Strategic Project Management, Project Management, 401k Plan Administration, and Data Analysis are correlated to pay that is above average. Those educated in Benefits Administration tend to be well versed in 401k Plan Administration.

Pay by Experience Level for Senior Benefits Analyst

Pay by Experience for a Senior Benefits Analyst has a positive trend. An entry-level Senior Benefits Analyst with less than 5 years of experience can expect to earn an average total compensation of $62,000 based on 66 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Benefits Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 116 salaries. An experienced Senior Benefits Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 123 salaries. A Senior Benefits Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $77,000 based on 43 salaries.

Pay Difference by Location

National Average: $70,149

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

Home to some of the best pay for Senior Benefits Analysts, San Francisco offers exceptional salaries, 9 percent above the national average. Senior Benefits Analysts can also look forward to large paychecks in cities like Houston (+8 percent), Los Angeles (+7 percent), Washington (+7 percent), and Pittsburgh (+7 percent). Minneapolis is home to the smallest salaries in the field, lagging the national average by 17 percent. Below-median salaries also turn up in Denver and Dallas (4 percent lower and 3 percent lower, respectively).

Related Job Salaries

Key Stats for Senior Benefits Analyst

Gender

Female
88 %
Male
12 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 46 votes.
Less than 1 year
0%
1-4 years
17%
5-9 years
29%
10-19 years
36%
20 years or more
17%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Benefits Analyst Salaries

▲10%

▲3%

National Average
$70,000

▼1%

▼12%

Skills That Affect Senior Benefits Analyst Salaries

Strategic Project Management
▲6%

401k Plan Administration
▲3%

Project Management
▲3%

Data Analysis
▲1%

Vendor Management
▲1%

National Average
$70,000

Benefits Administration
▼1%

Microsoft Excel
▼1%

Benefits & Compensation
▼1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 46 votes.

Gender

Female
88 %
Male
12 %

Years of Experience

Less than 1 year
0%
1-4 years
17%
5-9 years
29%
10-19 years
36%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 88%
vision benefits
Vision: 81%
no benefits
None: 5%
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