Trust Administrator Salary

Average Trust Administrators in the United States make around $53K annually. Total cash earnings of Trust Administrators range from $34K 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 $16K, respectively. This group's pay is mainly influenced by geographic location, followed by years of experience and the individual firm. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. Women account for the majority of Trust Administrators who responded to the questionnaire — 61 percent to be exact. The information for this snapshot was generated by responses to the PayScale salary survey.

$34,851 - $87,120
(Median)
$35K
$53K
$87K
MEDIAN: $52,668
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$30K$60K$90K
Salary
$34,851 - $87,120  
   
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).
)
$34,491 - $86,808  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 187
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).
)
$34,491 - $86,808  
Country: United States | Currency: USD | Updated: 2 Jul 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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Many Trust Administrators transition into upper-level Trust Officer positions. Trust Officers earn a median of $61K per year.

Trust Administrator Job Listings

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Popular Employer Salaries for Trust Administrator


The consistently lowest paying firm is The Bank of New York Mellon Corporation (BNY Mellon), where the median salary is just $36K. There isn't much variation there, either; the pay scale ranges only from $32K to $67K.


Pay by Experience Level for Trust Administrator

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


Trust Administrators generally obtain higher compensation for more plentiful past experience. The average beginner in this position makes around $47K, but folks who have been around for five to 10 years see a markedly higher median salary of $59K. After working for 10 to 20 years, Trust Administrators make a median salary of $71K. Trust Administrators who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $81K on average.

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Experience Affects Trust Administrator Salaries

Late-Career
up arrow 50%

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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