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The differences between plan administrators and benefit directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a plan administrator and a benefit director. Additionally, a benefit director has an average salary of $110,567, 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 a benefit director are human resources, oversight, and ERISA.
| Plan Administrator | Benefit Director | |
| Yearly salary | $68,435 | $110,567 |
| Hourly rate | $32.90 | $53.16 |
| Growth rate | 2% | 2% |
| Number of jobs | 51,856 | 9,650 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Average age | 46 | 46 |
| Years of experience | 6 | 6 |
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.
Benefits directors are professionals who plan and direct the overall design, implementation, and administration of an organization's health and welfare benefits programs. To support the decision making of the management, these directors are required to analyze benefit options and predict future costs. They should study programs so that they can identify benefit options as well as obtain advice from consultants. Benefits directors must study existing and new legislation so that they can comply with federal, state, and legal requirements and advise the management on needed actions.
Plan administrators and benefit directors have different pay scales, as shown below.
| Plan Administrator | Benefit Director | |
| Average salary | $68,435 | $110,567 |
| Salary range | Between $45,000 And $103,000 | Between $73,000 And $165,000 |
| Highest paying City | New York, NY | Portland, ME |
| Highest paying state | New York | New Hampshire |
| Best paying company | Apple | Cornerstone Research |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a plan administrator and a benefit director in terms of educational background:
| Plan Administrator | Benefit Director | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between plan administrators' and benefit directors' demographics:
| Plan Administrator | Benefit Director | |
| Average age | 46 | 46 |
| Gender ratio | Male, 39.1% Female, 60.9% | Male, 40.0% Female, 60.0% |
| Race ratio | Black 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, 11.2% Unknown, 3.4% Hispanic or Latino, 10.0% Asian, 7.9% White, 67.0% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 35% | 35% |