davisbmsc1

Thanks, Rather be Golfing and Bob the Swimmer. We are in central Virginia and I know there will be some variance depending on location. Our average administrator is 5 to 20 years experienced, handles 60 to 75 plans and does census gathering/scrubbing/reconciliation, enters into Relius ASP, downloads financial data from funding co., completes compliance testing, annual 5500 filing, document amendments. Most funding co.s are insurance (VOYA, Lincoln, JH, Nationwide, etc.), a few brokerage. 10% audited plans, otherwise smaller DC plans (average 50 participants). 50% Safe Harbor. A few ESOPs, couple of cash balance Entry level gathers some census and learns some testing, helps with document amendments. Otherwise handles participant communications, processes distributions, loans, contribution files, etc. Just looking for general guidelines from other firms/areas to get comparables to our marketplace. Thanks again.

Looking for general market place averages for internal analysis: Average salary for entry level processors Average salary for exp. administrators Average plan count for administrators Average plan size, number of participants Thanks for any input.