Senior Benefits Analyst Salary

With a little over a half of Senior Benefits Analysts in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $50K to $86K per year and averages out to $66K per year. Overall cash earnings of Senior Benefits Analysts stretch from $50K near the bottom to $86K at the top, and the heftiest packages can encompass around $9K each from bonuses and profit sharing. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Men are in the minority of survey respondents, with female Senior Benefits Analysts making up 79 percent. Medical benefits are awarded to almost all, and a large number earn dental coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$50,102 - $83,298

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$14.97 - $31.62

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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$29K$58K$87K
Salary
$50,102 - $83,298  
   
Bonus
$0.00 - $9,197  
Profit Sharing
$507 - $8,778  
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).
)
$49,796 - $86,417  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 335
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$18$36$54
Hourly Rate
$14.97 - $31.62  
   
Overtime
$21.46 - $53.83  
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$50K$100K$150K
Bonus
$0.00 - $9,197  
   
Profit Sharing
$507 - $8,778  
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).
)
$49,796 - $86,417  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 19
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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 who go on to become Benefits Managers may see somewhat stagnant compensation. On average, a Benefits Manager, an upper-level role, pays $67K.

Senior Benefits Analyst Job Listings

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Senior Benefits Analysts typically list a handful of skills they use on the job. Most notably, skills in Vendor Management, Data Analysis, Benefits Administration, and 401k Plan Administration are correlated to pay that is above average.

Pay by Experience Level for Senior Benefits Analyst

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. Relatively untried employees who have less than five years' experience make $59K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $67K. Senior Benefits Analysts bring in $72K after working for 10 to 20 years. 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
$68,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 13%

Skills That Affect Senior Benefits Analyst Salaries

Vendor Management
up arrow 14%

Data Analysis
up arrow 9%

Benefits Administration
up arrow 3%

National Average
$68,000

401k Plan Administration
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
79 %
Male
21 %

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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