$56,509
Avg. Salary
$23.00
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$2,005

Profit Sharing

$2,006

The average pay for a Pension Administrator with 401k Plan Administration skills is $23.00 per hour.

The average pay for a Pension Administrator with 401k Plan Administration skills is $56,509 per year.

$17
10%
$23
50%
$32
90%
MEDIAN $23
$41k
10%
$57k
50%
$79k
90%
MEDIAN $56,509
$40,524 - $78,865
$41K
$57K
$79K
MEDIAN: $56,509
10%
50%
90%

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$16.90 - $31.71
$17
$23
$32
MEDIAN: $23.00
10%
50%
90%

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$0$79K
Salary $40,524 - $78,865
Bonus $255 - $6,787
Profit Sharing $783 - $3,628
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).
)
$40,110 - $79,535
  • Country: United States
  • Currency: USD
  • Updated: 22 Oct 2018
  • Individuals Reporting: 175
Hourly Data $0$57
Hourly Rate $16.90 - $31.71
Overtime $7.21 - $57.61
Annual Data $0$79K
Bonus $255 - $6,787
Profit Sharing $783 - $3,628
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).
)
$40,110 - $79,535
  • Country: United States
  • Currency: USD
  • Updated: 22 Oct 2018
  • Individuals Reporting: 37

Job Description for Pension Administrator

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) as a whole. Pension administrators are responsible for helping clients solve issues related to the IRS or other tax concerns. They must have knowledge of all relevant laws and regulations affecting their specific pension plan and its clients. Pension administrators also must maintain a database of client information to quickly and accurately answer client inquiries regarding status and benefit information.

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Pension Administrator Tasks

  • Administer employee pension and savings plans, working with plan carriers.
  • Ensure compliance to plan provisions and federal regulations.
  • Prepare, submit and maintain employee benefit records and documents.
  • Reconcile employee accounts and brokerage summary statements.
  • Determine eligibility for benefits, calculate benefits and payments.

Pension Administrator Job Listings

Pay by Experience Level for Pension Administrator

Pay by Experience for a Pension Administrator has a positive trend. An entry-level Pension Administrator with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 40 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Pension Administrator with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 33 salaries. An experienced Pension Administrator which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $61,000 based on 46 salaries. A Pension Administrator with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 33 salaries.

Pension Administrator Advice

Q: What do you wish you knew about your job when you first started out?

Pension Administrator in Tallahassee:
"Retirement readiness."
Pension Administrators change the world for all employees. A passion for helping others makes this job satisfying!

Key Stats for Pension Administrator

Gender

Female
70 %
Male
30 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.
Less than 1 year
3%
1-4 years
21%
5-9 years
25%
10-19 years
29%
20 years or more
22%

Experience Affects Pension Administrator Salaries

Late-Career
▲25%

Experienced
▲7%

National Average
$56,000

Mid-Career
▼2%

Entry-Level
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
3%
1-4 years
21%
5-9 years
25%
10-19 years
29%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 61%
vision benefits
Vision: 47%
no benefits
None: 15%