As of July 01, 2026, the average salary for a Retirement Plan Advisor in Minnesota is $61,780 per year, which breaks down to an hourly rate of $30.
However, a Retirement Plan Advisor's salary can vary significantly. Here’s a look at the typical salary range:
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Retirement Plan Advisor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $71,055 | $5,921 | $1,366 | $34 |
| Average | $61,780 | $5,148 | $1,188 | $30 |
| 25th Percentile | $54,894 | $4,574 | $1,056 | $26 |
Confidential - Saint Paul, MN
UMB - Minneapolis, MN
Blue Ridge Associates - Maple Grove, MN
Sequoia Financial Group Llc - Minneapolis, MN
A Retirement Plan Advisor'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 Advisor'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 Advisor | $60,154 |
| Intermediate Level Retirement Plan Advisor | $60,346 |
| Senior Level Retirement Plan Advisor | $62,258 |
| Specialist Level Retirement Plan Advisor | $66,050 |
| Expert Level Retirement Plan Advisor | $67,567 |
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 Advisors. 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:
For Retirement Plan Advisor roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 20% above the average. Conversely, Retirement Plan Advisor positions in Business Services typically offer lower base pay, as this sector often view Retirement Plan Advisor as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $74,136 | $36.0 | 20% |
Understanding how a Retirement Plan Advisor'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 | $71,055 | $5,921 | $1,366 | $34 |
| Average | $61,780 | $5,148 | $1,188 | $30 |
| 25th Percentile | $54,894 | $4,574 | $1,056 | $26 |
Ready to take the next step in your career? Browse thousands of current Retirement Plan Advisor job openings on our job board. Use the search bar below to find your perfect match.
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