| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Copia Wealth Management & Insurance Services | $97,980 |
+2.9%
|
Indicates identical technical requirements and experience levels between the two firms. |
| Elite Warranty Inc | $81,378 |
-14.5%
|
Typical compensation structure for smaller regional agencies like Elite Warranty Inc. |
| TY Health Insurance Brokerage | $88,477 |
-7.0%
|
Normalized for lower cost-of-living zones where TY Health Insurance Brokerage primarily operates. |
| Sandbrook Group LLC | $85,143 |
-10.5%
|
Reflects market rates for standard general contracting, differing from specialized roles. |
| Insurance Industry | $123,858 |
+30.1%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$97,980 / year
Salary Range: $86,211 - $110,794
San Diego, CA
$81,378 / year
Salary Range: $71,604 - $92,015
Mapleton, UT
$88,477 / year
Salary Range: $77,844 - $100,039
Miami, FL
$85,143 / year
Salary Range: $74,921 - $96,271
Tucson, AZ
$89,141 / year
Salary Range: $78,431 - $100,795
Woodstock, GA
$85,797 / year
Salary Range: $75,489 - $97,002
Freeland, MI
$98,065 / year
Salary Range: $86,284 - $110,879
Sterling, VA
$91,936 / year
Salary Range: $80,896 - $103,953
Barrington, IL
$90,280 / year
Salary Range: $79,429 - $102,075
Bethlehem, PA
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,400 - $2,100+ | A significant portion of 401K Plan Professionals salary. Location choices impact this heavily. |
| Utilities (Basic) | $130 - $230 (Heating significant) | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $120 (Metro Transit monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $430 - $630 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $450 - $800+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $390 - $720+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,920 - $4,480+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
401K Plan Professionals pays its employees an average of $95,175 per year. The average salary at 401K Plan Professionals range from $83,746 to $107,611 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
The salary at 401K Plan Professionals is lesser than the similar company. The average annual salary at 401K Plan Professionals is $95,175, or an hourly wage of $46, in comparison to Copia Wealth Management & Insurance Services which pays $97,980 per year or $47 per hour.
An Investment Advisor at 401K Plan Professionals typically earns an average annual base salary of around $63,405, with a general range of $53,659 to $76,775.
In many roles at 401K Plan Professionals, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from 401K Plan Professionals based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.
401K Plan Professionals generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at 401K Plan Professionals" section on this page.
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