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As of August 01, 2026, the average salary for a Retirement Plan Senior Administrator in Michigan is $80,900 per year, which breaks down to an hourly rate of $39.
However, a Retirement Plan Senior Administrator's salary can vary significantly. Here’s a look at the typical salary range:
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Retirement Plan Senior Administrator Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $86,800 | $7,233 | $1,669 | $42 |
| Average | $80,900 | $6,742 | $1,556 | $39 |
| 25th Percentile | $74,600 | $6,217 | $1,435 | $36 |
Korhorn Financial Group Inc - Edwardsburg, MI
Midwest Capital Advisors - Grand Rapids, MI
Wilshire Benefits Group, Inc. - Troy, MI
Doeren Mayhew CPAs and Advisors - Grand Rapids, MI
A Retirement Plan Senior Administrator'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 Senior Administrator'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:
| Levels | Salary |
|---|---|
| Entry Level Retirement Plan Senior Administrator | $78,128 |
| Intermediate Level Retirement Plan Senior Administrator | $78,599 |
| Senior Level Retirement Plan Senior Administrator | $79,540 |
| Specialist Level Retirement Plan Senior Administrator | $80,951 |
| Expert Level Retirement Plan Senior Administrator | $83,119 |
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 Senior Administrators. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Retirement Plan Senior Administrator salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $88,306. While startup companies pay approximate $74,647.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $74,647 |
| Growth Stage | 51~500 | $78,980 |
| Established | 501~5000 | $85,247 |
| Enterprise | 5000+ | $88,306 |
For Retirement Plan Senior Administrator roles, the industry you choose can impact your earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 10% above the average. Conversely, Retirement Plan Senior Administrator positions in Business Services typically offer lower base pay, as this sector often view Retirement Plan Senior Administrator as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $88,990 | $43.0 | 10% |
| Financial Services | $84,945 | $41.0 | 5% |
Understanding how a Retirement Plan Senior Administrator'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $86,800 | $7,233 | $1,669 | $42 |
| Average | $80,900 | $6,742 | $1,556 | $39 |
| 25th Percentile | $74,600 | $6,217 | $1,435 | $36 |
Promotions are the fastest way to increase your earnings. As a Retirement Plan Senior Administrator, 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 |
|---|---|---|
| Policy Change Operations Supervisor | $81,000 | 0% |
| Policy Processing Operations Team Leader | $77,200 | -5% |
| New Healthcare Policy Manager | $124,900 | 54% |
Ready to take the next step in your career? Browse thousands of current Retirement Plan Senior Administrator job openings on our job board. Use the search bar below to find your perfect match.
LoVasco Consulting Group
Detroit, MI
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JACKSONVILLE, FL
Confidential | JACKSONVILLE, FL
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ORLANDO, FL
Confidential | ORLANDO, FL
Regional Vice President, Retirement, Bank/Wire Channel. About the Company. Top-tier provider of retirement plans, employee benefits, annuities & life insur... more
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TAMPA, FL
Confidential | TAMPA, FL
Regional Vice President, Retirement, Bank/Wire Channel. About the Company. Top-tier provider of retirement plans, employee benefits, annuities & life insur... more
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SHELTON, CT
Confidential | SHELTON, CT
Vice President, Head of Individual Retirement Product Development. About the Company. Market-shaping provider of financial & asset management services. Ind... more
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