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Plan administrator vs administrator

The differences between plan administrators and administrators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a plan administrator, becoming an administrator takes usually requires 1-2 years. Additionally, an administrator has an average salary of $72,882, which is higher than the $68,435 average annual salary of a plan administrator.

The top three skills for a plan administrator include payroll, HR and plan administration. The most important skills for an administrator are customer service, data entry, and troubleshoot.

Plan administrator vs administrator overview

Plan AdministratorAdministrator
Yearly salary$68,435$72,882
Hourly rate$32.90$35.04
Growth rate2%5%
Number of jobs51,85667,553
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 56%
Average age4643
Years of experience62

What does a plan administrator do?

A plan administrator's duties depend on their line of work or place of employment. Still, they typically include understanding the client or the project's needs, developing plans, performing research and analysis, liaising with internal and external parties, setting goals, establishing guidelines and timelines, and developing strategies to optimize procedures. They must also respond to issues and concerns, resolving them efficiently. Moreover, as a plan administrator, it is essential to monitor the daily operations and manage staff, all while implementing the company's policies and regulations.

What does an administrator do?

Administrators are administrative professionals who oversee the whole office or department. They manage office activities and supervise administrative functions in the office. They work the office calendar and oversee the appointment-setting process. They coordinate office events and ensure that all preparations are made and that there are no conflicting schedules. They also maintain a database of external providers of various office needs. Administrators also oversee office supplies and prepare purchase requisitions. They also manage janitorial services and other functions that are related to the maintenance of the physical office space. Administrators ensure that all fixtures and equipment in the office are functioning well and have no problems.

Plan administrator vs administrator salary

Plan administrators and administrators have different pay scales, as shown below.

Plan AdministratorAdministrator
Average salary$68,435$72,882
Salary rangeBetween $45,000 And $103,000Between $46,000 And $113,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkWashington
Best paying companyAppleApple
Best paying industryManufacturingManufacturing

Differences between plan administrator and administrator education

There are a few differences between a plan administrator and an administrator in terms of educational background:

Plan AdministratorAdministrator
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 56%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Plan administrator vs administrator demographics

Here are the differences between plan administrators' and administrators' demographics:

Plan AdministratorAdministrator
Average age4643
Gender ratioMale, 39.1% Female, 60.9%Male, 36.0% Female, 64.0%
Race ratioBlack or African American, 10.8% Unknown, 3.4% Hispanic or Latino, 9.8% Asian, 8.2% White, 67.3% American Indian and Alaska Native, 0.4%Black or African American, 8.9% Unknown, 5.1% Hispanic or Latino, 12.6% Asian, 8.8% White, 64.3% American Indian and Alaska Native, 0.3%
LGBT Percentage35%9%

Differences between plan administrator and administrator duties and responsibilities

Plan administrator example responsibilities.

  • Create custom macro to expedite data transfer of manage ESOP.
  • Participate in establishing and testing pension plans on PeopleSoft to automate applicable calculations.
  • Establish and maintain IRA, SEP, SARSEP and Keogh plans.
  • Gather plan date (census, assets) from clients, CPA's, attorneys, and investment brokers.
  • Process monthly stock option and RSU grants.
  • Prepare RSU tax withholding calculations for mobility employees on a monthly basis.
  • Show more

Administrator example responsibilities.

  • Develop a Perl script to manage the LDAP schema.
  • Hire and manage all receptionists and assistant MCA's.
  • Used all tools of Java stack in supporting and managing it.
  • Manage and process product orders on windows base on-line computer network system.
  • Manage ADP time system for technicians and approve time-off requests, supporting management.
  • Manage professional staff of 9 (including 5 MDs) and support staff of 10
  • Show more

Plan administrator vs administrator skills

Common plan administrator skills
  • Payroll, 9%
  • HR, 7%
  • Plan Administration, 6%
  • Database, 5%
  • PowerPoint, 4%
  • SOX, 4%
Common administrator skills
  • Customer Service, 18%
  • Data Entry, 7%
  • Troubleshoot, 6%
  • Payroll, 6%
  • Financial Reports, 4%
  • Oversight, 4%

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