Looking for Data

[SheilaD]

Has anyone ever seen any credible data on pension administrator pay levels vs experience or case load. Any data on what the standard case load for an administrtor in a small TPA firm? I was looking for something other then the ASPPA survey which gives such W I D E ranges for everything.

Thanks

[Kimberly S]

I suspect the data has wide ranges because of the wide variation in how TPA firms are operated. I've spoken to people whose case load was one or two large plans and people with similar industry experience whose case loads range from 75-200 smaller plans in full service firms. I moved from a full service firm with a case load of about 100 plans to a self service, bundled provider we do not have assigned caseloads -- everyone works on any plan in the shop. We have over 700 plans per administrator. And everyone here took a pay cut when moving from the full service TPA environment.

[Bill Presson]

And everyone here took a pay cut when moving from the full service TPA environment.

Kim, I'll gladly give you yet another pay cut to come work for me!

[Below Ground]

What is the typical plan serviced? Size and type have a huge impact. Also, what service are you providing. Are you recordkeeping, reconciling member accounts, testing and forms? What you are doing also must factor in. If you can respond to those questions, I can give you my two cents, which is probably not even worth that.

[SheilaD]

What is the typical plan serviced? Size and type have a huge impact. Also, what service are you providing. Are you recordkeeping, reconciling member accounts, testing and forms? What you are doing also must factor in. If you can respond to those questions, I can give you my two cents, which is probably not even worth that.

Our clients are mainly small -- On the DC side around 80% would have 10 or less participants. A couple of plans are over 100. We do full valuations, forms, testing for our balance forward clients (about 65%). We do testing and forms on our individual account clients most of whom are John Hancock & ING so we get their asset information on line. There is a DB/CB side to the business as well but we aren't looking to bring someone in on that side yet.

I would surely welcome your two cents as I am centless.

[Kimberly S]

And everyone here took a pay cut when moving from the full service TPA environment.

Kim, I'll gladly give you yet another pay cut to come work for me!

Bill, It's hard to pass up such an offer, but I'm concerned about commuting costs from Kansas!