Daily Val Acct Admin Salary

[Guest SalHelp]

What is an appropriate salary range for someone going into a position as an account administrator in the daily valuation dept of DC at a benefits firm?

She has a major in math and a couple years experience as a DB ret plan actuarial analyst at a similar firm. Left DB making in the mid $40's. Started ASPA take home exams...2 out of 3 complete.

[Guest Carol Ringwald]

Mid-40's is probably a good start as well. However, I would caution you that the daily DC world and handling DB plans are night and day and there is going to be a pretty steep learning curve for this person. That's not necessarily bad, I'm just suggesting that you not assume that this person can just jump right in and start working on the daily DC plans. I'd also find out why they are moving from DB to DC. If they don't like the detail work on the DB side, it's not going to get much better on the DC side.

Just food for thought......

[Guest Dreaderick Tatum]

More food....

Salary is generally dependent on experience, geographic location and a slew of other factors. Without knowing where this person is located, its hard to say where someone might start. I've seen firms higher administrators at the Mid 40 range and I've also seen starting ranges anywhere from High 20s to Mid 30s.

A question that begs asking, with the recent surveys listing actuaries as the number two job available, why would one leave this field to become a DC Administrator? I've never known this to be a real sought after position.