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Trust Administrator Salary

Average Trust Administrators in the United States make around $53K per year. With some bonuses approaching $10K and certain profit sharing proceeds approaching $16K, overall incomes of Trust Administrators spread between $35K and $87K depending on individual performance. This group's pay is mainly influenced by experience level, followed by the particular city and the individual firm. Most Trust Administrators report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Female Trust Administrators are more common than men among those who completed the survey; more than half (64 percent) are women.

$34,921 - $85,737
(Median)
$35K
$53K
$86K
MEDIAN: $52,843
10%
50%
90%

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$13.81 - $40.55
(Median)
$14
$22
$41
MEDIAN: $22.00
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
$34,921 - $85,737  
   
Bonus
$0.00 - $10,094  
Profit Sharing
$-0.50 - $15,659  
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).
)
$34,683 - $86,676  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 186
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
$13.81 - $40.55  
   
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 - $10,094  
   
Profit Sharing
$-0.50 - $15,659  
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).
)
$34,683 - $86,676  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 27

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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.

Trust Administrator Job Listings

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Popular Employer Salaries for Trust Administrator


Though certain workers may see earnings of up to $81K, The Bank of New York Mellon Corporation (BNY Mellon) still falls short in the compensation department — the median pay is only $36K, the lowest in the field.


Pay by Experience Level for Trust Administrator

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Salaries for the relatively untried average out to around $47K, but survey participants with five to 10 years of experience earn a significantly higher median of $58K. People with 10 to 20 years of experience make an average of about $69K in this role. Trust Administrators 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 $76K.

Related Job Salaries

United States (change)

Experience Affects Trust Administrator Salaries

Late-Career
up arrow 41%

Experienced
up arrow 29%

Mid-Career
up arrow 9%

National Average
$54,000

Entry-Level
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
6%
1-4 years
30%
5-9 years
29%
10-19 years
25%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 79%
vision benefits Vision: 66% employee benefits None: 12%