Senior Benefits Analyst Salary

Slightly less than three-fifths 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 $88K per year, and the average comes out to $67K per year. Including potential for bonuses and profit sharing — peaking near $10K and $6K, respectively — total cash payment to Senior Benefits Analysts can bottom out near $50K or peak near $88K depending on individual performance. Residence and career length 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. Work is enjoyable for Senior Benefits Analysts, who typically claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.

$50,473 - $83,952
(Median)
$50K
$67K
$84K
MEDIAN: $67,313
10%
50%
90%

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$15.70 - $31.50
(Median)
$16
$23
$32
MEDIAN: $23.00
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
$50,473 - $83,952  
   
Bonus
$0.00 - $9,851  
Profit Sharing
$894 - $6,040  
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).
)
$50,391 - $87,533  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 378
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
$15.70 - $31.50  
   
Overtime
$21.25 - $53.17  
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 - $9,851  
   
Profit Sharing
$894 - $6,040  
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).
)
$50,391 - $87,533  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | 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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For Senior Benefits Analysts, career advancements do not tend to correlate with a rise in salary. On average, lower-level Senior Benefits Analysts earn similar salaries to those in higher-end positions like Benefits Manager.

Senior Benefits Analyst Job Listings

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Survey results suggest that Senior Benefits Analysts use a fairly large toolkit of professional skills. Most notably, skills in Vendor Management, Data Analysis, 401k Plan Administration, and Benefits Administration are correlated to pay that is above average, with boosts between 4 percent and 15 percent. Skills that seem to negatively impact pay include Microsoft Excel.

Pay by Experience Level for Senior Benefits Analyst

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


Experience and pay tend to be weakly linked for Senior Benefits Analysts — those with more experience do not necessarily bring in higher earnings. Those in the early stages of their career can expect to make around $61K; however, individuals with five to 10 years of experience bring in $67K on average — a distinctly larger sum. Senior Benefits Analysts see a median salary of $73K after reaching one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $75K.

Pay Difference by Location

National Average: $68,531

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

For Senior Benefits Analysts, Seattle provides a pay rate that is 20 percent greater than the national average. Senior Benefits Analysts will also find cushy salaries in New York (+12 percent), San Francisco (+12 percent), Chicago (+11 percent), and Los Angeles (+7 percent). Those in the field find the lowest salaries in Minneapolis, 15 percent below the national average. Two other places where employers salaries are below the median are Dallas and Denver (2 percent lower).

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Experience Affects Senior Benefits Analyst Salaries

Late-Career
up arrow 10%

Experienced
up arrow 6%

National Average
$69,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 12%

Skills That Affect Senior Benefits Analyst Salaries

Vendor Management
up arrow 15%

Data Analysis
up arrow 8%

401k Plan Administration
up arrow 4%

Benefits Administration
up arrow 1%

National Average
$69,000

Benefits & Compensation
up arrow 1%

Microsoft Excel
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 69 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

Less than 1 year
0%
1-4 years
15%
5-9 years
29%
10-19 years
38%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 87%
medical benefits
Vision: 79%
dental benefits
None: 5%
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