Senior Benefits Analyst Salary

Senior Benefits Analysts in the United States are often veterans in their line of work, with just over a half bringing more than 10 years of experience to the table. Salaries slide in at $69K per year on average but can range from $50K to $91K per year. With some bonuses approaching $10K and certain profit sharing proceeds approaching $5K, overall incomes of Senior Benefits Analysts spread between $50K and $91K depending on individual performance. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. The vast majority (86 percent) of Senior Benefits Analysts who took the survey are female. Job satisfaction is high and work is enjoyable for most Senior Benefits Analysts. Respondents to the PayScale salary survey provided the data for this report.

$50,831 - $85,925
$51K
$69K
$86K
MEDIAN: $68,525
10%
50%
90%

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$19.11 - $41.37
$19
$27
$41
MEDIAN: $26.98
10%
50%
90%

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$0$90K
Salary $50,831 - $85,925
Bonus $1,008 - $9,943
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).
)
$50,370 - $90,618
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 260
Hourly Data $0$48
Hourly Rate $19.11 - $41.37
Overtime $24.66 - $48.13
Annual Data $0$90K
Bonus $1,008 - $9,943
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).
)
$50,370 - $90,618
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 17

Find Out Exactly What You Should Be Paid

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 transition into upper-level roles like Human Resources Consultants, it's possible that they won't see a change in salary. Human Resources Consultants earn the same amount as Senior Benefits Analysts on average.

Senior Benefits Analyst Job Listings

Popular Skills for Senior Benefits Analyst


Senior Benefits Analysts report using a pretty varied skill set 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, with boosts between 3 percent and 7 percent. Most people familiar with Benefits Administration also know 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: $70,009

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

San Francisco offers some of the highest pay in the country for Senior Benefits Analysts, 10 percent above the national average. Senior Benefits Analysts will also find cushy salaries in Houston (+9 percent), Los Angeles (+7 percent), Washington (+7 percent), and Pittsburgh (+7 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Minneapolis. Not at the bottom but still paying below the median are employers in Denver and Dallas (4 percent lower and 3 percent lower, respectively).

Related Job Salaries

Key Stats for Senior Benefits Analyst

Gender

Female
86 %
Male
14 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.
Less than 1 year
0%
1-4 years
18%
5-9 years
29%
10-19 years
37%
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
▲7%

Project Management
▲4%

401k Plan Administration
▲3%

Data Analysis
▲1%

Vendor Management
▲1%

Microsoft Excel
▼0%

National Average
$70,000

Benefits Administration
▼1%

Benefits & Compensation
▼1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 50 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
0%
1-4 years
18%
5-9 years
29%
10-19 years
37%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 88%
vision benefits
Vision: 81%
no benefits
None: 6%
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