$55,280
Avg. Salary

Average additional compensation for this job:

Bonus

$2,390

Profit Sharing

$1,439

A Benefits Analyst with Benefits & Compensation skills earns an average salary of $55,096 per year. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience. People in this job generally don't have more than 20 years' experience.

$41,468 - $73,562
$41K
$55K
$74K
MEDIAN: $55,280
10%
50%
90%

Add this chart to your site: 640px    300px

$14.96 - $28.67
$15
$22
$29
MEDIAN: $22.06
10%
50%
90%

Add this chart to your site: 640px    300px

$0$74K
Salary $41,468 - $73,562
Bonus $518 - $6,183
Profit Sharing $201 - $9,933
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).
)
$39,655 - $74,577
  • Country: United States
  • Currency: USD
  • Updated: 12 Aug 2018
  • Individuals Reporting: 274
Hourly Data $0$40
Hourly Rate $14.96 - $28.67
Overtime $18.90 - $40.81
Annual Data $0$74K
Bonus $518 - $6,183
Profit Sharing $201 - $9,933
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).
)
$39,655 - $74,577
  • Country: United States
  • Currency: USD
  • Updated: 12 Aug 2018
  • Individuals Reporting: 54

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.

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 98 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 $63,000 based on 43 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 35 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 $57,000 based on 14 salaries.

Key Stats for Benefits Analyst

Gender

Female
78 %
Male
22 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 70 votes.
Less than 1 year
4%
1-4 years
46%
5-9 years
22%
10-19 years
21%
20 years or more
7%

Experience Affects Benefits Analyst Salaries

Mid-Career
▲15%

Experienced
▲14%

Late-Career
▲4%

National Average
$55,000

▼5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 70 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
4%
1-4 years
46%
5-9 years
22%
10-19 years
21%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 81%
no benefits
None: 10%