Trust Administrator Salary

An average Trust Administrator in the United States can expect to take home roughly $52K per year. Total incomes of Trust Administrators incorporate potential for, in a few cases, more than $10K from bonuses and close to $16K from profit sharing; these performance components cause packages to range between $35K and $87K. While tenure and the individual firm impact pay for this group, location is the most influential factor. Most Trust Administrators like their work and job satisfaction is high. Women account for the majority of Trust Administrators who responded to the questionnaire — 61 percent to be exact. Medical benefits are awarded to a large number, and a fair number earn dental coverage.

$34,874 - $86,955
(Median)
$35K
$52K
$87K
MEDIAN: $52,489
10%
50%
90%

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$13.59 - $36.28
(Median)
$14
$23
$36
MEDIAN: $23.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$29K$58K$87K
Salary
$34,874 - $86,955  
   
Bonus
$0.00 - $10,161  
Profit Sharing
$-0.50 - $15,513  
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).
)
$34,517 - $86,676  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 188
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$13.59 - $36.28  
   
Overtime
$21.63 - $35.00  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $10,161  
   
Profit Sharing
$-0.50 - $15,513  
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).
)
$34,517 - $86,676  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 25
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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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A lot of Trust Administrators move on to become Trust Officers, that group gets paid a slightly higher $61K on average.

Trust Administrator Job Listings

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Popular Employer Salaries for Trust Administrator


Although The Bank of New York Mellon Corporation (BNY Mellon) hands out the lowest average salary in town at $36K, employee compensation still varies greatly; workers can make as little as $32K or as much as $67K.


Pay by Experience Level for Trust Administrator

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


Experience seems to be a major factor in determining the incomes of Trust Administrators. The average beginner in this position makes around $46K, but folks who have been around for five to 10 years see a markedly higher median salary of $59K. Trust Administrators claiming one to two decades of experience make an estimated median of $71K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $81K.

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Experience Affects Trust Administrator Salaries

Late-Career
up arrow 51%

Experienced
up arrow 31%

Mid-Career
up arrow 9%

National Average
$54,000

Entry-Level
up arrow 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
5%
1-4 years
32%
5-9 years
29%
10-19 years
23%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 78%
vision benefits Vision: 67% employee benefits None: 11%
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