Senior Pensions Administrator Salary

Senior Pensions Administrators in the United States are often veterans in their line of work, with somewhere between two-thirds and three-fourths bringing more than 10 years of experience to the table. Salaries slide in at $61K annually on average but can range from $44K to $87K per year. With some bonuses approaching $8K and certain profit sharing proceeds approaching $6K, overall incomes of Senior Pensions Administrators spread between $44K and $87K depending on individual performance. Medical benefits are awarded to a strong majority, and the larger part earn dental coverage. Men are in the minority of survey respondents, with female Senior Pensions Administrators making up 74 percent. Most Senior Pensions Administrators report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$46,435 - $85,985
(Median)
$46K
$61K
$86K
MEDIAN: $60,726
10%
50%
90%

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$19.08 - $38.76
(Median)
$19
$23
$39
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
$46,435 - $85,985  
   
Bonus
$0.00 - $7,708  
Profit Sharing
$1,504 - $5,960  
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).
)
$44,402 - $87,076  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 102
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$20$40$60
Hourly Rate
$19.08 - $38.76  
   
Overtime
$0.00 - $58.72  
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 - $7,708  
   
Profit Sharing
$1,504 - $5,960  
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).
)
$44,402 - $87,076  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 19
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Job Description for Senior Pensions Administrator

Senior pension administrators have several job responsibilities, but they generally oversee the administration of retirement plans. They review records for these plans and make sure that they are up-to-date and comply with federal regulations. They are concerned with the normal operation of the plan, including customer service and billing. On occasion, they may work with clients to make the plan more personalized for the individual. For instance, they may assist in deciding on benefit distribution.

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Senior Pensions Administrator Tasks

  • Facilitate communication between individual plan holders, financial advisors, and investors.
  • Process financial statements and keep beneficiaries informed about changes to their retirement plan.
  • Oversee the administration of a company’s retirement plan.
  • Conduct audits and ensure plan is in compliance with government regulations.

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Pay by Experience Level for Senior Pensions Administrator

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


Folks with fewer than five years of experience take home $62K on average, and those who have worked for five to 10 years see a bigger median salary of $60K. Senior Pensions Administrators bring in $58K after working for 10 to 20 years. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $65K on average.

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Experience Affects Senior Pensions Administrator Salaries

Late-Career
up arrow 7%

Entry-Level
up arrow 3%

Mid-Career
0%

National Average
$60,000

Experienced
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
1%
1-4 years
4%
5-9 years
23%
10-19 years
42%
20 years or more
30%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 69%
medical benefits
Vision: 45%
dental benefits
None: 16%
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