As of August 01, 2026, the average salary for a Retirement Plan Administrator II in New Mexico is $66,490 per year, which breaks down to an hourly rate of $32.
However, a Retirement Plan Administrator II's salary can vary significantly. Here’s a look at the typical salary range:
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A Retirement Plan Administrator II's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Retirement Plan Administrator II's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| 401K Services Specialist I | 0-2 years | $54,295 |
| Retirement Plan Administrator II | 2-4 years | $66,486 |
| 401K Services Specialist III | 4-7 years | $86,745 |
| 401K Services Supervisor | 7+ years | $88,093 |
| 401K Services Manager | 7+ years | $129,740 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Retirement Plan Administrator IIs. For example, consider the average annual salaries in these key locations:
Retirement Plan Administrator II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $71,587. While startup companies pay approximate $60,671.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $60,671 |
| Growth Stage | 51~500 | $64,149 |
| Established | 501~5000 | $69,154 |
| Enterprise | 5000+ | $71,587 |
For Retirement Plan Administrator II roles, the industry you choose can affect earning potential by as much as 90% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 50% above the average. In contrast, Retirement Plan Administrator positions in Insurance or Business Services typically offer lower base pay, as these industries often view Retirement Plan Administrator II as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $99,735 | $48.0 | 50% |
| Edu., Gov't. & Nonprofit | $73,139 | $35.0 | 10% |
Understanding how a Retirement Plan Administrator II's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Promotions are the fastest way to increase your earnings. As a Retirement Plan Administrator II, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| External Payroll Manager | $129,800 | 95% |
| 401K Services Specialist III | $86,800 | 31% |
| External Accounting Services Specialist III | $86,800 | 31% |
| Business Process Advisor III | $86,800 | 31% |
Ready to take the next step in your career? Browse thousands of current Retirement Plan Administrator II job openings on our job board. Use the search bar below to find your perfect match.
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