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Senior compensation analyst vs pension administrator

The differences between senior compensation analysts and pension administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior compensation analyst and a pension administrator. Additionally, a senior compensation analyst has an average salary of $85,796, which is higher than the $57,547 average annual salary of a pension administrator.

The top three skills for a senior compensation analyst include compensation programs, human resources and HRIS. The most important skills for a pension administrator are customer service, plan administration, and IRS.

Senior compensation analyst vs pension administrator overview

Senior Compensation AnalystPension Administrator
Yearly salary$85,796$57,547
Hourly rate$41.25$27.67
Growth rate7%7%
Number of jobs17,36150,422
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 67%
Average age4545
Years of experience66

Senior compensation analyst vs pension administrator salary

Senior compensation analysts and pension administrators have different pay scales, as shown below.

Senior Compensation AnalystPension Administrator
Average salary$85,796$57,547
Salary rangeBetween $63,000 And $116,000Between $37,000 And $87,000
Highest paying CitySacramento, CANeedham, MA
Highest paying stateNew JerseyNew Jersey
Best paying companyWedbush SecuritiesKerkering Barberio
Best paying industryReal Estate-

Differences between senior compensation analyst and pension administrator education

There are a few differences between a senior compensation analyst and a pension administrator in terms of educational background:

Senior Compensation AnalystPension Administrator
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior compensation analyst vs pension administrator demographics

Here are the differences between senior compensation analysts' and pension administrators' demographics:

Senior Compensation AnalystPension Administrator
Average age4545
Gender ratioMale, 34.8% Female, 65.2%Male, 35.7% Female, 64.3%
Race ratioBlack or African American, 10.6% Unknown, 3.9% Hispanic or Latino, 14.9% Asian, 7.7% White, 62.4% American Indian and Alaska Native, 0.5%Black or African American, 11.1% Unknown, 3.7% Hispanic or Latino, 15.4% Asian, 7.9% White, 61.4% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between senior compensation analyst and pension administrator duties and responsibilities

Senior compensation analyst example responsibilities.

  • Manage retention program including calculating and paying out all retention amounts and monthly accruals.
  • Manage special projects, develop senior level presentations and handle communications on behalf of SVP
  • Update records for disability area including workers compensation and FMLA.
  • Project management of job evaluation and FLSA classification to support payroll consolidation of a high tech subsidiary.
  • Conduct job analysis / evaluation to determine appropriate FLSA classification and salary level according to compensation guidelines and policy.
  • Develop specifications and team with technology staff to implement performance measurement and merit processing system, including integration with HRIS.
  • Show more

Pension administrator example responsibilities.

  • Lead special project team construct to interpret the initial impact of ERISA legislation on company pension operations.
  • Participate in establishing and testing pension plans on PeopleSoft to automate applicable calculations.
  • Assist in plan design issues that comply with client needs and ERISA and DOL laws.
  • Train in filing of 5500 tax returns with the DOL.
  • Review trend analysis for fail ACP and ADP tests.
  • Conduct top heavy, ADP, and ACP compliance testing of define contribution plans.
  • Show more

Senior compensation analyst vs pension administrator skills

Common senior compensation analyst skills
  • Compensation Programs, 10%
  • Human Resources, 9%
  • HRIS, 6%
  • FLSA, 4%
  • Data Analysis, 4%
  • Salary Surveys, 3%
Common pension administrator skills
  • Customer Service, 11%
  • Plan Administration, 9%
  • IRS, 7%
  • Financial Statements, 7%
  • ERISA, 7%
  • DOL, 5%

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