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How much do defined benefit jobs pay per year?

As of Aug 22, 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 is a defined benefit?

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.

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 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.

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What cities are hiring for Defined Benefit jobs?

Cities with the most Defined Benefit job openings:

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The most popular types of Defined Benefit jobs are:

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What job categories do people searching Defined Benefit jobs look for?

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Infographic showing various Defined Benefit job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 71% Physical, 1% Hybrid, and 28% Remote job distribution, with an average salary of $85,750 per year, or $41.2 per hour.

Data Consultant, Defined Benefit Project Manager

Fidelity Investments

Greenwood Village, CO

$89K - $180K/yr

Full-time

Medical, Retirement, PTO

Re-posted 3 days ago


Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 272 frontline employees who took The Breakroom Quiz

16th of 151 rated financial services


Job description

Job Description:

Note: Fidelity will not provide immigration sponsorship for this position.

The Role

Are you passionate about solving complex data issues and delivering outstanding solutions? At Fidelity Investments, we are looking for an ambitious Data Consultant to join our team. As a Data Consultant, you will play a profound role in providing high-quality, comprehensive, and efficient data quality solutions for our clients' benefit programs. Your expertise will drive solution efforts through meticulous project management and fostering a highly collaborative environment. Role experiences include:

  • Supporting the implementation and ongoing servicing client lifecycle by leading a team of resources to provide timely and accurate completion of projects.

  • Coordinating with clients to identify, validate, and recommend changes to process builds that improve data quality and ensure successful project outcomes.

  • Supporting internal partners to build and develop coordinated processes that meet margin goals.

  • Opportunities to serve & interact across multiple product lines including Health and Welfare, Defined Benefit, Defined Contribution, Stock Plan Services, and HR/Payroll.

  • Leading project delivery, including understanding and communicating requirements to project support team, proactively monitoring progress of projects & budgets, addressing issues and making course corrections as needed to ensure attainment of goals within the scope of the project

  • Understanding analytical outcomes, prepare client friendly materials and communicate findings and next steps to internal and external partners

  • Working closely with internal partners including Operations, Implementations, Workplace Consulting, and Relationship Management team to design/obtain agreement on/develop processes that deliver integrated results where expected

  • Building and maintaining successful relationships with clients, vendors, internal partners

  • Balancing constant communication while delivering on responsibilities

The Expertise and Skills You Bring

  • Education:

    • Bachelor's degree or equivalent experience (required).

    • MBA (a plus).

  • Experience:

    • A deep understanding of Defined Benefit plans.

    • 5-8 years in project management, consulting, total benefits outsourcing administration, and/or new business implementation.

    • Defined Benefit implementation experience is strongly preferred.

  • Skills:

    • Demonstrated experience in recommending administrative, benefits process, and/or builds aligning with outsourcing product/services solutions.

    • Capable of working with large data sets, thinking analytically, and report out status and/or story.

    • Outstanding project management skills.

    • Proven ability to manage various sized, client-facing program/project teams to successful completion.

    • Strong ability to navigate and manage client and/or vendor relationships.

    • Heavy collaboration and storytelling skills, conveying confidence in your team's end goal.

    • Ownership of outcomes and clear communication of the status and results.

The Team

The Fidelity Workplace Consulting Group is made up of over 600 professionals who advise clients on the management of their domestic and global benefits. We are a fast-growing business within Fidelity, offering a broad range of services that span benefits design, strategy, funding, communication, and delivery. Many of our team leaders bring experience from other leading consulting firms. While we primarily serve Fortune 1000 companies, we also work with Fidelity clients of all sizes ranging from Fortune 50 to tax-exempt market to Fortune 2000. For more information about Fidelity Workplace Consulting please visit this link: https://www.fidelityworkplace.com/s/workplaceconsulting.

Fidelity's Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.

The base salary range for this position is $89,000-$180,000 per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.

We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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