Compensation and Benefits Administrator Salary in Lincolnshire, Illinois

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Average Salary for Compensation and Benefits Administrator in Lincolnshire, Illinois

The average salary of a(n) Compensation and Benefits Administrator in Lincolnshire, Illinois is $110,441.

The average hourly rate of a(n) Compensation and Benefits Administrator in Lincolnshire, Illinois is $53.10.

The average bonus of a(n) Compensation and Benefits Administrator in Lincolnshire, Illinois is $8,935.00.

Job Description:

Develops, implements, and administers organization's compensation and benefit programs. Coordinates and administers functions of the Human Resources Department in providing equitable compensation for all employees and the best benefits possible within the parameters of the company's resources. Communicates with employees regarding compensation and employee benefit related issues. Administers employee benefit programs, possibly including group medical, dental, vision, prescription, disability, group life, AD&D, EAP, 401(k), and flexible spending account programs. Researches and advises on benefit program enhancements. Participates in contract negotiations and renewals. Serves as primary contact for plan vendors and third party administrators. Assures compliance with State and Federal regulatory agencies. Processes enrollments, COBRA, terminations, changes, beneficiaries, disability, accident and death claims, rollovers, QDRO's, QMCSO's, distributions, hardships, and compliance testing. Manages open enrollment and program implementation processes. Oversees reconciliation and preparation of all billings related to benefit plans. Implements and monitors adherence to compensation and employee benefit policies, procedures, and practices. Coordinates job evaluation activities with the Compensation Committee. Administers the organization's executive incentive program. Less

Develops, implements, and administers organization's compensation and benefit programs. Coordinates and administers functions of the Human Resources Department in providing equitable compensation for all employees and the best benefits possible within the parameters of the company's resources. Communicates with employees... More

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