The average salary for a Pension Administrator is $52,764.
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What Do Pension Administrators Do?
Pension administrators are responsible for performing needed maintenance and communications related to administering pension plans. They help clients enroll in the pension fund and maintain communication with current clients; this involves helping the client complete an application and answering all questions about how the pension plan works. They generate reports related that answer specific client questions, as well as more generalized reports for other departments regarding the pension plan(s…Read more
Job Satisfaction for Pension Administrator
Popular Employer Salaries for Pension Administrator
The top respondents for the job title Pension Administrator are from the companies Willis Towers Watson, AON Corporation and AON Inc. Reported salaries are highest at AON Corporation where the average pay is $49,101. Other companies that offer high salaries for this role include AON Inc and Willis Towers Watson, earning around $47,040 and $44,249, respectively. Century Business Services, Inc. (CBIZ) pays the lowest at around $39,218. Towers Watson and Milliman, Incorporated also pay on the lower end of the scale, paying $40,805 and $42,459, respectively.
Pension Administrator Job Listings
What Are Popular Skills for Pension Administrators?
Skills in Pension Plan Administration and 401k Plan Administration are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Word, Microsoft Office and Microsoft Excel.
What is the Pay by Experience Level for Pension Administrators?
An entry-level Pension Administrator with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $43,104 based on 31 salaries. An early career Pension Administrator with 1-4 years of experience earns an average total compensation of $46,281 based on 146 salaries. A mid-career Pension Administrator with 5-9 years of experience earns an average total compensation of $58,578 based on 92 salaries. An experienced Pension Administrator with 10-19 years of experience earns an average total compensation of $60,455 based on 110 salaries. In their late career (20 years and higher), employees earn an average total compensation of $65,789.
Pay Difference by Location
Employees with Pension Administrator in their job title in St. Louis, Missouri earn an average of 12.6% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (4.2% more) and Tampa, Florida (2.6% more). The lowest salaries can be found in Charlotte, North Carolina (18.5% less), Orlando, Florida (5.6% less) and Los Angeles, California (2.2% less).
Years of Experience
This data is based on 444 survey responses.