$55,807
Avg. Salary
$22.64
Avg. Hourly Rate

Average additional compensation:

$2,399

Bonus

$1,650

Profit Sharing

$4,700

Commission

What am I worth?
How should I pay?

The average pay for a Benefits Analyst is $22.64 per hour.

The average pay for a Benefits Analyst is $55,807 per year.

10%
$16.48
10%
$22.64
50%
$29.17
90%
90%
MEDIAN $22.64
10%
$41k
10%
$56k
50%
$73k
90%
90%
MEDIAN $55,807
$40,720 - $73,385
$41K
$56K
$73K
MEDIAN: $55,807
10%
50%
90%

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$16.48 - $29.17
$16
$23
$29
MEDIAN: $22.64
10%
50%
90%

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$0$74K
Salary $40,720 - $73,385
Bonus $497 - $6,857
Profit Sharing $99.33 - $5,839
Commission $4,700
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).
)
$39,458 - $74,858
  • Country: United States
  • Currency: USD
  • Updated: 16 Apr 2019
  • Individuals Reporting: 985
Hourly Data $0$45
Hourly Rate $16.48 - $29.17
Overtime $22.09 - $45.04
Annual Data $0$74K
Bonus $497 - $6,857
Commission $4,700
Profit Sharing $99.33 - $5,839
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).
)
$39,458 - $74,858
  • Country: United States
  • Currency: USD
  • Updated: 16 Apr 2019
  • Individuals Reporting: 196

Job Description for Benefits Analyst

A benefits analyst works closely with members of particular benefit plans, such as insurance plans and pension plans. They interact with members either in person, through e-mail, or via the telephone, helping them understand current coverage and potential future needs. Most of their time is spent reading benefit coverages and putting together plans of action for members, including explaining the details to those beneficiaries. Most benefit packages are regulated by state and federal law; a benefits analyst must stay current on applicable law and compliance regulations, as well as be able to explain these laws as needed to beneficiaries. They may also be required to contribute to new plan ideas, maintain databases of existing plans, and monitor release of benefits. Developing ideas and relaying data sets, client information, and cost effectiveness to senior personnel is important as well. These professionals typically work full time in an office environment during business hours, although schedules may vary depending on the needs of the business.

Read More...
Benefits Analyst Tasks
  • Ensure benefit plans are administered according to plan provisions and company's regulatory guidelines.
  • Work with insurance carriers to resolve issues regarding eligibility and claims.
  • Provide ongoing analysis on trends, legislative changes and best practices within the benefits field.
  • Participate in cross-departmental budget review for benefit plans.
  • Formulate solutions to solve needs regarding benefits.

Popular Employer Salaries for Benefits Analyst

Common Career Paths for Benefits Analyst


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Benefits Analyst Job Listings

Popular Skills for Benefits Analyst

Pay by Experience Level for Benefits Analyst

Pay by Experience for a Benefits Analyst has a positive trend. An entry-level Benefits Analyst with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 326 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Benefits Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 167 salaries. An experienced Benefits Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $63,000 based on 149 salaries. A Benefits Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $65,000 based on 53 salaries.

Pay Difference by Location

17%

12%

9%

8%

-4%

-13%

National Average: $54,707

Larger city markers indicate a job is popular in that location.

Benefits Analyst Reviews

Q: What is it like working as a Benefits Analyst?

Benefits Analyst in Atlanta:
"A Millennial Working In Corporate Atlanta."
Pros: The atmosphere
Cons: The traffic

Benefits Analyst in Bloomfield Hills:
"Great culture."
Pros: Easy Commute; great office culture however it is slowly becoming more corporate.
Cons: Support Employees are not valued or compensated as much as their Account Director even though they are the legs they stand on.

Benefits Analyst in Denver:
"Good Stepping Stone."
Pros: The work environment is casual and flexible. People in the office are great. Office is downtown.
Cons: The management is disorganized, lower level employees feel expendable and not valued. Pay is low compared to competitors. Work is stressful for level of pay.

Benefits Analyst in La Porte:
"Implement and integrate systems. Manager 5300 benefits."
Work hard and always be there for the employees.

Related Job Salaries

Key Stats for Benefits Analyst

Gender

Female
75 %
Male
25 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 239 votes.
Less than 1 year
8%
1-4 years
44%
5-9 years
21%
10-19 years
18%
20 years or more
9%

Experience Affects Benefits Analyst Salaries

▲19%

▲15%

▲10%

National Average
$55,000

▼7%

Skills That Affect Benefits Analyst Salaries



Microsoft Office
▲1%


Leave of Absence Administration
▲1%

Microsoft Excel
▼0%

Benefits & Compensation
▼0%

Financial Analysis
▼0%

National Average
$55,000

Insurance
▼16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 239 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
8%
1-4 years
44%
5-9 years
21%
10-19 years
18%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 86%
vision benefits
Vision: 80%
no benefits
None: 9%