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How much do defined benefit jobs pay per year?

As of Jun 8, 2026, the average yearly pay for defined benefit in the United States is $85,750.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,000.00 and $94,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Defined Benefit position, and why are they important?

To thrive in a Defined Benefit role, you need strong analytical skills, a thorough understanding of pension plan regulations, and a background in finance, mathematics, or actuarial science. Proficiency with pension administration software, Excel, and potentially actuarial tools like ProVal or GASB is often required. Detail orientation, problem-solving abilities, and professional communication skills help you effectively manage complex data and client interactions. These competencies ensure accuracy, compliance, and excellent service in managing defined benefit pension plans for organizations and participants.

What are the most typical responsibilities for someone working in a Defined Benefit plan administration role?

Professionals in Defined Benefit plan administration are typically responsible for calculating pension benefits, preparing regulatory filings, updating participant records, and communicating with plan members about their retirement options. You may also work closely with actuaries, payroll teams, and compliance staff to ensure plans remain up-to-date with changing laws and accurate benefit payments are made. Additionally, you could assist with annual actuarial valuations, benefit statements, and audit support. The work environment is often collaborative, detail-oriented, and deadline-driven, offering opportunities to build expertise in retirement benefits and advance into higher-level roles such as plan manager or actuary.

What is a Defined Benefit job?

A Defined Benefit job typically refers to roles related to managing, administering, or overseeing defined benefit pension plans. These roles exist in financial institutions, insurance companies, or HR departments and involve ensuring accurate pension calculations, compliance with regulations, and proper fund management. Professionals in this field may work as pension analysts, actuaries, or benefits administrators. Their primary responsibility is to ensure retirees receive promised benefits based on salary and service years.

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What cities are hiring for Defined Benefit jobs? Cities with the most Defined Benefit job openings:
What are the most commonly searched types of Defined Benefit jobs? The most popular types of Defined Benefit jobs are:
What states have the most Defined Benefit jobs? States with the most job openings for Defined Benefit jobs include:
What job categories do people searching Defined Benefit jobs look for? The top searched job categories for Defined Benefit jobs are:
Defined Benefit jobs near you
Infographic showing various Defined Benefit job openings in the United States as of May 2026, with employment types broken down into 81% Full Time, 13% Part Time, 2% Temporary, and 4% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $85,750 per year, or $41.2 per hour.

VP, Defined Benefit Sales

USI Holdings Corporation

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 22 days ago

Job description

Description and Requirements
SUMMARY
The VP, Defined Benefit Sales Producer is responsible for promoting all aspects of USI Consulting Group's (USICG) defined benefit solutions and driving new business sales. Services include actuarial consulting, investment advisory, benefit administration co-sourcing and full outsourcing, and annuity placement services. The Producer will cover a large geographic region and work with CG sales peers focused on Defined Contribution sales.
Responsibilities:
• Accountable for new business development. Includes lead generation campaigns, cold calling, and distribution of letters.
• Achieve annual new business sales target.
• Drive consistent and predictable profitability and organic growth to meet overall revenue goals.
• Build new relationships with plan sponsors, centers of influence, and strategic partners.
• Develop relationships with sales representatives on a local and regional level. Ensure wide distribution of products and services.
• Use USI resources to research prospects and develop customized messaging. Complete sales due diligence process.
• Understand and explain USI's competitive differentiation to clients and prospects.
• Manage full-cycle of sales process. Coordinate meetings and develop client materials. Complete follow-up tasks, phone calls, proposals, presentations, and close business.
• Use USI's contact management and sales automation tools to support sales processes. Input timely and accurate information to facilitate sales and revenue projections.
• Engage in meetings on preparing for first appointments, advancing and closing of business.
• Oversee preparation of proposals for USICG prospects. Includes gathering necessary information and working with department heads and consultants.
• Coordinate with appropriate team members to complete RFPs.
• Actively participate in USI sales training sessions.
Knowledge, Skills and Abilities:
• 5+ years' experience in a sales related capacity.
• Bachelor's Degree or equivalent combination of education and experience.
• Strong conceptual knowledge of defined benefit plans is key.
• Series 6, 63 and 65 licenses or Series 7 and 66 licenses and state insurance license required or willing to obtain.
• Able to travel approximately 25% of the time based on territory.
• Personable, highly motivated and goal oriented. Driven to achieve individual sales goals.
• Strong financial aptitude.
• Strong center of influence connections. Comfortable presenting to C-Suite executives and multiple decision makers.
• Broad working knowledge of Microsoft Office suite, including Excel, Word, and PowerPoint.
• Detail oriented and strong organizational skills.
• Excellent oral, written and interpersonal communication skills.
Why USI?
USI Consulting Group (USICG) is an industry-leading, full-service retirement plan consulting and benefits administration firm that has been helping employers enable their workforce to successfully plan and invest for retirement for almost 50 years. USICG's integrated team of highly skilled professionals provides specialized expertise in delivering independent, comprehensive guidance and innovative, flexible retirement plan solutions to meet the changing needs of employers and their employees. USICG is an affiliate of both USI Securities, Inc. (a broker-dealer, Member FINRA/SIPC) and USI Advisors, Inc. (a federally registered investment adviser) and a wholly owned subsidiary of USI Insurance Services ("USI"). To learn more, visit usicg.com or follow us on LinkedIn.
Unrivaled Resources and Support
What truly distinguishes USI as a premier insurance brokerage and consulting firm is the USI ONE Advantage®, a game-changing value proposition that delivers to clients a robust set of risk management and benefit solutions with bottom-line financial impact. USI ONE® represents Omni, Network, Enterprise-the three key elements that set USI apart from the competition. Through USI ONE, we develop strategic, timely, and effective risk management and benefit programs in terms that are easy to understand, and we demonstrate how the solutions can have a positive economic impact.
Industry-Leading Programs, Rewards, and Recognition
In addition to competitive pay, incentives, and benefits, USI recognizes associates through our Summit Awards program, rewarding excellence in those who build our brand each day. USI offers employee programs that recognize outstanding achievement and help our associates lead healthy, productive lives. We turn care into action with our award-winning wellness program, college scholarships for associates' children, and financial help in times of need.
Deep Community Engagement
We are committed to giving back to our local communities and supporting a culture of environmental sustainability. From sharing our time, talent, and resources to support local non-profit organizations, animal shelters, and environmental beautification and restoration projects - to partnering with eco-conscious vendors and taking steps to reduce our own environmental footprint - we're working together as ONE to build a better future.
Committed to a Diverse, Equitable, and Inclusive Workplace
Our award-winning I'm With U diversity, equity, and inclusion program educates our associates to help them better understand and serve our clients, prospects, fellow team members, and local communities through curated education and training resources, employee support programs, and community outreach initiatives to build a more diverse, equitable, and inclusive culture.
Nationally Recognized as a Top Insurance Employer
• Recognized as one of Insurance Business America's Top Insurance Employers for the seventh consecutive year (2018-2024).
• Named to Business Insurance's annual list of the Best Places to Work in Insurance five years in a row (2020-2024).
• Named to Fortune's 2024 Best Workplaces in Financial Services & Insurance list.
• Honored by Glassdoor as a Best-Led Company in the U.S. in 2024.
• Recognized by Newsweek as one of America's Greatest Workplaces for Diversity in 2024
Visit our Awards and Accolades page for a complete list of our latest industry awards and recognitions!
USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including potential for compensation incentives, medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid family leave benefit as well as paid holiday time.

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