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Plan administrator vs benefit director

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 vs benefit director overview

Plan AdministratorBenefit Director
Yearly salary$68,435$110,567
Hourly rate$32.90$53.16
Growth rate2%2%
Number of jobs51,8569,650
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 73%
Average age4646
Years of experience66

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 a benefit director do?

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 administrator vs benefit director salary

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

Plan AdministratorBenefit Director
Average salary$68,435$110,567
Salary rangeBetween $45,000 And $103,000Between $73,000 And $165,000
Highest paying CityNew York, NYPortland, ME
Highest paying stateNew YorkNew Hampshire
Best paying companyAppleCornerstone Research
Best paying industryManufacturingTechnology

Differences between plan administrator and benefit director education

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

Plan AdministratorBenefit Director
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Plan administrator vs benefit director demographics

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

Plan AdministratorBenefit Director
Average age4646
Gender ratioMale, 39.1% Female, 60.9%Male, 40.0% Female, 60.0%
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, 11.2% Unknown, 3.4% Hispanic or Latino, 10.0% Asian, 7.9% White, 67.0% American Indian and Alaska Native, 0.4%
LGBT Percentage35%35%

Differences between plan administrator and benefit director 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

Benefit director example responsibilities.

  • Lead project to implement third-party ACA tax form processing for over 30,000 employee records.
  • Manage relate HRIS systems, software applications for benefit administration.
  • Lead departmental PeopleSoft projects and initiatives; involve in systems testing when additional system upgrades are implemented.
  • Implement HIPAA compliant wellness programs, including biometric testing.
  • Well verse with ERISA and HIPPA reporting.
  • Work with outside ERISA counsel on pension issues.
  • Show more

Plan administrator vs benefit director skills

Common plan administrator skills
  • Payroll, 9%
  • HR, 7%
  • Plan Administration, 6%
  • Database, 5%
  • PowerPoint, 4%
  • SOX, 4%
Common benefit director skills
  • Human Resources, 10%
  • Oversight, 6%
  • ERISA, 5%
  • Open Enrollment, 5%
  • HIPAA, 5%
  • HRIS, 4%

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