Senior Benefits Analyst Salary

Senior Benefits Analysts in the United States are often veterans in their line of work, with just below three-fifths bringing more than 10 years of experience to the table. Salaries slide in at $67K per year on average but can range from $50K to $88K per year. Total cash earnings of Senior Benefits Analysts range from $50K on the low end to $88K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $6K, respectively. Location and experience level each impact pay for this group, with the former having the largest influence. Most Senior Benefits Analysts like their work and job satisfaction is high. Medical benefits are awarded to almost all, and a large number earn dental coverage. 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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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 $68K.

Senior Benefits Analyst Job Listings

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Survey results imply that Senior Benefits Analysts put a diverse skill set to use. 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 are correlated to lower pay, on the other hand, include Microsoft Excel.

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, experience does not seem to be a major factor in determining pay. Relatively untried employees who have less than five years' experience make $61K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $67K. Senior Benefits Analysts see a median salary of $73K after reaching one to two decades on the job. Senior Benefits Analysts who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $75K.

Pay Difference by Location

National Average: $68,531

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

Seattle is home to an above-average pay rate for Senior Benefits Analysts, 20 percent higher 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). The lowest-paying market is Minneapolis, which sits 15 percent below the national average. Employers in Dallas and Denver also lean toward paying below-median salaries (2 percent less).

Related Job Salaries

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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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