Trust Administrator Salary

For Trust Administrators, yearly average wages total $53K annually. Total cash earnings of Trust Administrators range from $35K on the low end to $87K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $6K, respectively. The most important factor affecting compensation for this group is geographic location, followed by years of experience and the particular employer. Medical benefits are awarded to most, and a strong majority earn dental coverage. The majority of Trust Administrators claim high levels of job satisfaction. Female Trust Administrators survey participants are more prevalent than men — 63 percent of professionals.

$35,602 - $83,215
(Median)
$36K
$53K
$83K
MEDIAN: $53,250
10%
50%
90%

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$13.91 - $45.30
(Median)
$14
$25
$45
MEDIAN: $25.00
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$29K$58K$87K
Salary
$35,602 - $83,215  
   
Bonus
$0.00 - $10,137  
Profit Sharing
$193.92 - $6,219  
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).
)
$35,348 - $86,780  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 208
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$16$32$48
Hourly Rate
$13.91 - $45.30  
   
Overtime
$1.53 - $44.04  
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$32K$64K$96K
Bonus
$0.00 - $10,137  
   
Profit Sharing
$193.92 - $6,219  
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).
)
$35,348 - $86,780  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 28
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Job Description for Trust Administrator

When families or organizations (such as charities) are in possession of large amounts of money, one option to protect those assets is to establish a trust through a financial institution. The institution is charged with investing and disbursing money in the trust as instructed by the original signatories. The person who oversees this activity is a trust administrator.

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Trust Administrator Tasks

  • Process and review legal and financial paperwork associated with trust fund accounts.
  • Provide customer service to clients, resolve client problems, and report the status of accounts.
  • Manage and set up the accounts associated with trust funds.
  • Ensure trust fund accounts comply with bank and government regulations.

Common Career Paths for Trust Administrator


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Trust Administrators often transition into upper-level roles like Trust Officer, for which the average compensation is $61K per year.

Trust Administrator Job Listings

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Popular Employer Salaries for Trust Administrator


The Bank of New York Mellon Corporation (BNY Mellon) offers the smallest salaries in town — $36K on average — but the considerable range in workers' salaries (stretching from $32K to $81K) creates a rather varied pay scale.

Pay by Experience Level for Trust Administrator

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Workers with less than five years' experience earn around $48K on average, and those who have five to 10 years under their belts see a higher median salary of $58K. Trust Administrators bring in $72K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $82K, which is barely higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Trust Administrator Salaries

Late-Career
up arrow 49%

Experienced
up arrow 32%

Mid-Career
up arrow 6%

National Average
$55,000

Entry-Level
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.

Gender

Female
63 %
Male
38 %

Years of Experience

Less than 1 year
5%
1-4 years
36%
5-9 years
29%
10-19 years
21%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
medical benefits
Vision: 66%
dental benefits
None: 10%
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