Thanexus licensed funeral home owners earned an average annual compensation of $128,903 in 2025, down slightly from the 2024 average of $133,596, according to a yearly report compiled by the nation’s first funeral practice management cooperative.
While owners annual compensation dipped, licensed non-owners saw a jump in their yearly salaries from $88,811 in 2024 to $90,102 in 2025, and newly licensed non-owners saw their average salaries rise significantly from $67,829 in 2024 to $75,913, an increase of almost 12 percent.
Clerical and administrative staff realized a jump in their average hourly wages from $24.42 in 2024 to $26.56 in 2025. Hourly wages for funeral attendants and interns also increased over the past year, according to the report.
New Jersey’s funeral service salaries remain higher than the national average, according to the federal Bureau of Labor Statistics. The national average salary of morticians, undertakers and funeral arrangers nationally stood at $59,420 per year in 2024, according to the BLS.
Thanexus gathers information that details average yearly compensation for employees of shareholders for whom Thanexus provides payroll and benefits services.
The cooperative uses actual W-2 wage data to calculate average and median salaries for several categories of employees, making it one of the most accurate barometers of funeral home employee compensation available.
In 2025, Thanexus shared employment with and administered benefits for the 792 employees of its 63 shareholders in 110 registered mortuaries across 94 worksites, for a combined annual payroll of $32 million. A total of 255 of those workers are licensed funeral directors.
The Thanexus retirement plan continues to post gains, according to the annual report. In 2025, the plan had total assets of $129.3 million, an increase of more than 5 percent from 2024. The average account balance for participants between the ages of 40 and 59 was $378,974 in 2025, an increase of more than 12 percent over 2024.
The average weighted expense ratio of the retirement plan is .275 percent, well below the national average, according to the Investment Company Institute.
Thanexus also declared $205,393 in patronage dividends in 2025, $154,045 of which will be returned to its shareholders is cash distributions with the remaining $51,348 allocated as member equity. In the past 25 years, Thanexus has declared more than $3.5 million in patronage dividends, and more than $2.17 million has been returned in cash distributions.
Those seeking more details concerning Thanexus can find the 2025 Thanexus State of the Industry report here.
Interested in learning more about the Thanexus advantage?
Contact Agency Manager Jonathan C. Krowicki, at 732.282.5117 for a confidential discussion about how Thanexus can help your funeral home with its benefit offerings and staff oversight.