Plan administrator vs trustee

The differences between plan administrators and trustees 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 trustee. Additionally, a trustee has an average salary of $97,590, 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 trustee are financial statements, real estate, and debtor.

Plan administrator vs trustee overview

	Plan Administrator	Trustee
Yearly salary	$68,435	$97,590
Hourly rate	$32.90	$46.92
Growth rate	2%	12%
Number of jobs	51,856	112
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 59%
Average age	46	45
Years of experience	6	6

Plan administrator vs trustee salary

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

	Plan Administrator	Trustee
Average salary	$68,435	$97,590
Salary range	Between $45,000 And $103,000	Between $54,000 And $175,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	Apple	-
Best paying industry	Manufacturing	-

Differences between plan administrator and trustee education

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

	Plan Administrator	Trustee
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 59%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Plan administrator vs trustee demographics

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

	Plan Administrator	Trustee
Average age	46	45
Gender ratio	Male, 39.1% Female, 60.9%	Male, 51.2% Female, 48.8%
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, 11.0% Unknown, 5.4% Hispanic or Latino, 14.1% Asian, 5.1% White, 63.6% American Indian and Alaska Native, 0.9%
LGBT Percentage	35%	14%

Differences between plan administrator and trustee 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.

Trustee example responsibilities.

Plan and manage executive, conference and NCAA meetings.
Evaluate and score scholarship applications; notify applicants of the board's decision
Chair of various institutional committees; with an emphasis on the shared governance process.
Make weekly court run to retrieve documents from web pacer brass for general public.
Review and analyze that all ECF documents for case set up has been file.
Coordinate annual fundraiser activities including designing and printing the campaign letter send to all alumni.

Plan administrator vs trustee skills

Common plan administrator skills

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

Common trustee skills

Financial Statements, 22%
Real Estate, 12%
Debtor, 11%
Bankruptcy Court, 6%
Scholarship, 5%
Foreclosure, 3%