Plan administrator vs record keeper

The differences between plan administrators and record keepers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a plan administrator has an average salary of $68,435, which is higher than the $39,733 average annual salary of a record keeper.

The top three skills for a plan administrator include payroll, HR and plan administration. The most important skills for a record keeper are recordkeeping, data entry, and retirement plan.

Plan administrator vs record keeper overview

	Plan Administrator	Record Keeper
Yearly salary	$68,435	$39,733
Hourly rate	$32.90	$19.10
Growth rate	2%	-
Number of jobs	51,856	3,596
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 44%
Average age	46	46
Years of experience	6	-

Plan administrator vs record keeper salary

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

	Plan Administrator	Record Keeper
Average salary	$68,435	$39,733
Salary range	Between $45,000 And $103,000	Between $30,000 And $50,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	Apple	-
Best paying industry	Manufacturing	-

Differences between plan administrator and record keeper education

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

	Plan Administrator	Record Keeper
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	University of Pennsylvania	Western Carolina University

Plan administrator vs record keeper demographics

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

	Plan Administrator	Record Keeper
Average age	46	46
Gender ratio	Male, 39.1% Female, 60.9%	Male, 36.8% Female, 63.2%
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, 11.1% Unknown, 4.5% Hispanic or Latino, 15.9% Asian, 5.4% White, 62.2% American Indian and Alaska Native, 0.9%
LGBT Percentage	35%	9%

Differences between plan administrator and record keeper 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.

Record keeper example responsibilities.

Manage and organize all paperwork concerning caregivers and patients; organize filing system; ensure operation of electronic filing systems.
Verify that all requests are HIPAA compliant.
Make sure that all HIPPA regulations are follow through.
Record flight records by date or hours for every helicopter part as outlined by FAA.
Comply with the BIA records management procedures and keep current for review by the AOTR/Sub-AOTR, at the project site.
Confirm any FAA updates daily and update part expiration spreadsheet accordingly.

Plan administrator vs record keeper skills

Common plan administrator skills

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

Common record keeper skills

Recordkeeping, 30%
Data Entry, 18%
Retirement Plan, 13%
Financial Transactions, 9%
Bank Secrecy Act, 6%
IRS, 4%