Senior Benefits Analyst Salary

The majority of Senior Benefits Analysts in the United States — slightly more than half — boast more than 10 years of experience in their profession. Salaries stretch from $50K to $91K per year, and the median is $68K annually. Total incomes of Senior Benefits Analysts incorporate potential for, in a few cases, more than $10K from bonuses and close to $5K from profit sharing; these performance components cause packages to range between $50K and $91K. Location is the biggest factor affecting pay for this group, followed by tenure. Senior Benefits Analysts who responded to the questionnaire are largely women, dominating at 86 percent. Work is enjoyable for Senior Benefits Analysts, who typically claim high levels of job satisfaction. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a large number. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$52,014 - $86,597
$52K
$69K
$87K
MEDIAN: $68,686
10%
50%
90%

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$19.21 - $41.02
$19
$26
$41
MEDIAN: $26.29
10%
50%
90%

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$0$91K
Salary $52,014 - $86,597
Bonus $987 - $9,893
Profit Sharing $600 - $5,000
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).
)
$51,098 - $91,126
  • Country: United States
  • Currency: USD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 463
Hourly Data $0$52
Hourly Rate $19.21 - $41.02
Overtime $21.79 - $52.14
Annual Data $0$91K
Bonus $987 - $9,893
Profit Sharing $600 - $5,000
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).
)
$51,098 - $91,126
  • Country: United States
  • Currency: USD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 29

Job Description for Senior Benefits Analyst

A senior benefits analyst manages the day-to-day administration of employee benefits. The responsibilities include new hire benefit enrollment, as well as the life event and annual benefits enrollment processes. Another main task is to create and maintain the annual compliance calendar to ensure that every employee has received benefit information and completed any necessary steps. The typical workday takes place in an office setting during regular business hours. The opportunity to work from home is sometimes available, though the senior benefits analyst does need to be available to employees who may have questions or concerns.

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Senior 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.

Common Career Paths for Senior Benefits Analyst


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Senior Benefits Analysts sometimes move into a Human Resources Consultant role, where the salary is similar.

Senior Benefits Analyst Job Listings

Popular Skills for Senior Benefits Analyst


Survey results show that Senior Benefits Analysts use a fair number of skills. Most notably, skills in Strategic Project Management, Project Management, 401k Plan Administration, and Data Analysis are correlated to pay that is above average. It is often found that people who know Benefits Administration are also skilled in 401k Plan Administration.

Pay by Experience Level for Senior Benefits Analyst

Pay by Experience for a Senior Benefits Analyst has a positive trend. An entry-level Senior Benefits Analyst with less than 5 years of experience can expect to earn an average total compensation of $62,000 based on 66 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior 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 $70,000 based on 116 salaries. An experienced Senior Benefits Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 123 salaries. A Senior 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 $77,000 based on 43 salaries.

Pay Difference by Location

National Average: $70,261

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

For Senior Benefits Analysts, San Francisco provides a pay rate that is 9 percent greater than the national average. Senior Benefits Analysts can also look forward to large paychecks in cities like Houston (+8 percent), Los Angeles (+7 percent), Washington (+7 percent), and Pittsburgh (+7 percent). Minneapolis ranks last in the field for pay, reporting salaries 17 percent below the national average. Employers in Denver and Dallas also lean toward paying below-median salaries (4 percent lower and 3 percent lower, respectively).

Related Job Salaries

Key Stats for Senior Benefits Analyst

Gender

Female
87 %
Male
13 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 86 votes.
Less than 1 year
0%
1-4 years
17%
5-9 years
28%
10-19 years
38%
20 years or more
18%

Experience Affects Senior Benefits Analyst Salaries

▲10%

▲3%

National Average
$70,000

▼1%

▼12%

Skills That Affect Senior Benefits Analyst Salaries

Strategic Project Management
▲6%

401k Plan Administration
▲3%

Project Management
▲3%

Data Analysis
▲1%

Vendor Management
▲1%

National Average
$70,000

Benefits Administration
▼1%

Microsoft Excel
▼1%

Benefits & Compensation
▼1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 86 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
0%
1-4 years
17%
5-9 years
28%
10-19 years
38%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 85%
vision benefits
Vision: 81%
no benefits
None: 7%