$56,827
Avg. Salary
$23.18
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$2,492

Profit Sharing

$1,365

The average pay for a Benefits Analyst with Benefits Administration skills is $23.18 per hour.

The average pay for a Benefits Analyst with Benefits Administration skills is $56,827 per year.

$43k
10%
$57k
50%
$74k
90%
MEDIAN $56,827
$42,513 - $73,536
$43K
$57K
$74K
MEDIAN: $56,827
10%
50%
90%

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$16.97 - $28.85
$17
$23
$29
MEDIAN: $23.18
10%
50%
90%

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$0$75K
Salary $42,513 - $73,536
Bonus $495 - $6,177
Profit Sharing $101 - $7,450
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).
)
$40,206 - $75,085
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2018
  • Individuals Reporting: 515
Hourly Data $0$40
Hourly Rate $16.97 - $28.85
Overtime $25.83 - $40.61
Annual Data $0$75K
Bonus $495 - $6,177
Profit Sharing $101 - $7,450
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).
)
$40,206 - $75,085
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2018
  • Individuals Reporting: 102

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.

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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.

Benefits Analyst Job Listings

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 $52,000 based on 139 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 106 salaries. An experienced Benefits Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $62,000 based on 103 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 $64,000 based on 33 salaries.

Pay Difference by Location

National Average: $55,789

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

Minneapolis is home to an above-average pay rate for Benefits Analysts with Benefits Administration skills, 19 percent higher than the national average. Benefits Analysts with Benefits Administration skills will also find cushy salaries in Los Angeles (+10 percent), Atlanta (+6 percent), Philadelphia (+5 percent), and Houston (+3 percent). Falling short of the national average by 20 percent, the area with the worst salaries is Dallas. Below-median salaries also turn up in Denver and San Diego (15 percent lower and 14 percent lower, respectively).

Benefits Analyst Reviews

Q: What is it like working in Atlanta?

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.

Key Stats for Benefits Analyst

Gender

Female
84 %
Male
16 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 146 votes.
Less than 1 year
3%
1-4 years
38%
5-9 years
24%
10-19 years
25%
20 years or more
10%

Experience Affects Benefits Analyst Salaries

Late-Career
▲14%

Experienced
▲12%

Mid-Career
▲7%

National Average
$56,000

▼6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 146 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
3%
1-4 years
38%
5-9 years
24%
10-19 years
25%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 87%
vision benefits
Vision: 84%
no benefits
None: 8%