Plan administrator vs compensation and benefits technician

The differences between plan administrators and compensation and benefits technicians 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 compensation and benefits technician. Additionally, a plan administrator has an average salary of $68,435, which is higher than the $52,410 average annual salary of a compensation and benefits technician.

The top three skills for a plan administrator include payroll, HR and plan administration. The most important skills for a compensation and benefits technician are payroll, data entry, and open enrollment.

Plan administrator vs compensation and benefits technician overview

	Plan Administrator	Compensation And Benefits Technician
Yearly salary	$68,435	$52,410
Hourly rate	$32.90	$25.20
Growth rate	2%	2%
Number of jobs	51,856	16,838
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 61%
Average age	46	46
Years of experience	6	6

Plan administrator vs compensation and benefits technician salary

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

	Plan Administrator	Compensation And Benefits Technician
Average salary	$68,435	$52,410
Salary range	Between $45,000 And $103,000	Between $33,000 And $80,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	Apple	-
Best paying industry	Manufacturing	-

Differences between plan administrator and compensation and benefits technician education

There are a few differences between a plan administrator and a compensation and benefits technician in terms of educational background:

	Plan Administrator	Compensation And Benefits Technician
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 61%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Plan administrator vs compensation and benefits technician demographics

Here are the differences between plan administrators' and compensation and benefits technicians' demographics:

	Plan Administrator	Compensation And Benefits Technician
Average age	46	46
Gender ratio	Male, 39.1% Female, 60.9%	Male, 23.1% Female, 76.9%
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, 11.3% Unknown, 3.4% Hispanic or Latino, 10.0% Asian, 8.3% White, 66.5% American Indian and Alaska Native, 0.4%
LGBT Percentage	35%	35%

Differences between plan administrator and compensation and benefits technician 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.

Compensation and benefits technician example responsibilities.

Practice compliant HIPAA, particularly regarding ePHI.
Research Medicaid claims using MMIS to locate discrepancies of payments.
Review benefits transition statements for accuracy, using Lawson HRIS; statement to verify employee prior and new position benefits.
Process and maintain benefit insurance enrollments, changes and terminations for all programs within company HRIS system and vendor websites.
Process benefit enrollments with vendors and enter benefit payroll deductions.
Produce weekly payroll, distribute payroll vouchers and compensation statements to field agency office according to schedules.

Plan administrator vs compensation and benefits technician skills

Common plan administrator skills

Payroll, 9%
HR, 7%
Plan Administration, 6%
Database, 5%
PowerPoint, 4%
SOX, 4%

Common compensation and benefits technician skills

Payroll, 18%
Data Entry, 17%
Open Enrollment, 11%
Cobra, 7%
Insurance Carriers, 7%
Retirement System, 5%

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Executive Management Industry
Plan Administrator
Plan Administrator vs Compensation And Benefits Technician

Updated January 8, 2025

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