How Much Does a Retirement Plan Advisor Make in Minnesota?

Updated December 01, 2024
As of December 01, 2024, the average annual pay of Retirement Plan Advisor in Minnesota is $67,253. While Salary.com is seeing that Retirement Plan Advisor salary in MN can go up to $90,366 or down to $43,858, but most earn between $55,007 and $79,351. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Retirement Plan Advisor
Retirement Plan Administrator
$68,200
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Retirement Plan Specialist
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Similar Job Salaries to Retirement Plan Advisor by Company

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Company average base salary in (usd) range
Guidant Financial
Retirement Plan Specialist
$62,469/yr
$54,315
$70,623
RANGE: $54,315 - $70,623
OneDigital
Retirement Plan Consultant - Hybrid
$98,203/yr
$82,029
$114,376
RANGE: $82,029 - $114,376
Boulay
Retirement Plan Administration Consultant
$74,803/yr
$64,939
$84,667
RANGE: $64,939 - $84,667
Empower Retirement, LLC
Retirement Plan Advisor - Oregon
$64,548/yr
$54,982
$74,114
RANGE: $54,982 - $74,114
Empower Retirement, LLC
Retirement Plan Advisor - Greenville
$59,974/yr
$51,086
$68,862
RANGE: $51,086 - $68,862
Empower Retirement, LLC
Retirement Plan Advisor
$62,134/yr
$52,926
$71,342
RANGE: $52,926 - $71,342
CAPTRUST
Retirement Plan Advisor
$93,376/yr
$74,943
$111,809
RANGE: $74,943 - $111,809

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Top 10 Highest Paying Cities For Retirement Plan Advisor Jobs in Minnesota

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Retirement Plan Advisor can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Retirement Plan Advisor job salaries in Minnesota. Some cities can pay higher salaries for Retirement Plan Advisor jobs, which can indicate that there is a large demand for Retirement Plan Advisor positions in this city.
The following table shows top 10 cities where the Retirement Plan Advisor salary is higher than other cities in Minnesota. Minneapolis takes first place in this list, followed by Saint Paul, Minnetonka. The Retirement Plan Advisor salary is $69,751 in Minneapolis, which is higher than the national average. There are 7 cities' Retirement Plan Advisor salary higher than national average in Minnesota.
The average salary for a Retirement Plan Advisor in Minnesota is $67,253, but we found that the city with the highest salary for Retirement Plan Advisor jobs is Minneapolis, MN, and it is higher than Saint Paul. Retirement Plan Advisor jobs in Minneapolis can have the opportunity to earn higher salaries than in other cities in Minnesota.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Minneapolis $69,751 $5,813 $1,341 $34
Saint Paul $69,751 $5,813 $1,341 $34
Minnetonka $69,751 $5,813 $1,341 $34
Eden Prairie $69,620 $5,802 $1,339 $33
Burnsville $69,554 $5,796 $1,338 $33
Lakeville $69,291 $5,774 $1,333 $33
Rochester $65,938 $5,495 $1,268 $32
Saint Cloud $64,821 $5,402 $1,247 $31
Duluth $63,506 $5,292 $1,221 $31

What Does a Retirement Plan Advisor Do?

Through the Small Market Solution, retirement plan advisors like you are able to offer to smaller clients the same range of services your larger clients expect.
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In addition to helping employees find the right investment mix, a retirement plan advisor can help them understand how much they need to save now in order to meet future income goals in retirement.
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With an advisor at your side, you can navigate these waters smoothly and with confidence to create a best practices retirement plan that helps protect you from liability and loss while promoting positive participant outcomes.
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Investments offered in a retirement plan often receive a great deal of focus from employees and employers alike.
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Raymond James Retirement Plan & Institutional Advisory Council advisors can help plan sponsors manage the decision-making process, document the steps along the way and supervise the results of those decisions, all while acting in your plan’s best interests.
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Frequently Asked Questions About a Retirement Plan Advisor Salaries

What is the average of a Retirement Plan Advisor in Minnesota?

The Retirement Plan Advisor salary range is from $55,007 to $79,351, and the average Retirement Plan Advisor salary is $67,253/year in Minnesota. The Retirement Plan Advisor's salary will change in different locations.

Which location pays the highest Retirement Plan Advisor salary in the United States?

The Retirement Plan Advisor salary in San Jose, CA is $82,505 which is the highest in the US.

What kinds of reasons will influence the Retirement Plan Advisor's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Retirement Plan Advisor.

What is the growth rate of the Retirement Plan Advisor's salary?

If you are thinking of becoming a Retirement Plan Advisor or planning the next step in your career, find the detailed salary report of a Retirement Plan Advisor.