$56,002
Avg. Salary

Average additional compensation for this job:

Bonus

$1,994

Profit Sharing

$2,006

A Pension Administrator with 401k Plan Administration skills earns an average salary of $56,218 per year.

$40,406 - $78,121
$40K
$56K
$78K
MEDIAN: $56,002
10%
50%
90%

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$16.60 - $31.60
$17
$23
$32
MEDIAN: $22.84
10%
50%
90%

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$0$78K
Salary $40,406 - $78,121
Bonus $253 - $6,821
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).
)
$39,831 - $78,683
  • Country: United States
  • Currency: USD
  • Updated: 13 Aug 2018
  • Individuals Reporting: 175
Hourly Data $0$57
Hourly Rate $16.60 - $31.60
Overtime $7.21 - $57.61
Annual Data $0$78K
Bonus $253 - $6,821
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).
)
$39,831 - $78,683
  • Country: United States
  • Currency: USD
  • Updated: 13 Aug 2018
  • Individuals Reporting: 38

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.

Key Stats for Pension Administrator

Gender

Female
69 %
Male
31 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.
Less than 1 year
3%
1-4 years
22%
5-9 years
25%
10-19 years
28%
20 years or more
22%

Experience Affects Pension Administrator Salaries

Late-Career
▲26%

Experienced
▲8%

National Average
$56,000

Mid-Career
▼1%

Entry-Level
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
3%
1-4 years
22%
5-9 years
25%
10-19 years
28%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 59%
vision benefits
Vision: 46%
no benefits
None: 15%