As of July 01, 2026, the average salary for a Retirement Plan Consultant in the United States is $62,383 per year, which breaks down to an hourly rate of $30.
However, a Retirement Plan Consultant's salary can vary significantly. Here’s a look at the typical salary range:
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A Retirement Plan Consultant'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, education and company size can directly affect your earning potential.
Experience is a primary driver of a Retirement Plan Consultant'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 Consultant | $59,549 |
| Intermediate Level Retirement Plan Consultant | $59,738 |
| Senior Level Retirement Plan Consultant | $61,632 |
| Specialist Level Retirement Plan Consultant | $65,386 |
| Expert Level Retirement Plan Consultant | $66,887 |
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 Consultants. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Planning | 8.19% |
| Microsoft Excel | 2.22% |
| Workday | 1.74% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Consulting
|
$75,483 |
21%
|
|
Leadership
|
$74,236 |
19%
|
|
Loan Review
|
$67,997 |
9%
|
|
Business Model
|
$67,997 |
9%
|
|
Presentation
|
$67,997 |
9%
|
|
Oral Communication
|
$66,126 |
6%
|
For Retirement Plan Consultant 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 Consultant positions in Business Services typically offer lower base pay, as this sector often view Retirement Plan Consultant as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $74,859 | $36.0 | 20% |
Your level of education can impact your salary potential. While many Retirement Plan Consultants enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Retirement Plan Consultant with a Bachelor's Degree is between $61,813 and $68,170).
Retirement Plan Consultant Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 1.6% |
| High School | 15.2% |
| Associates | 8.0% |
| Bachelors | 64.8% |
| Masters | 10.4% |
| Doctorate | 0.0% |
Understanding how a Retirement Plan Consultant'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 July 01, 2026Salaries for a Retirement Plan Consultant can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $56,685 in 2023 to around $55,458 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Retirement Plan Consultant salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $56,685 |
| 2024 | $55,785 |
| 2025 | $55,458 |
| 2026 |
View More
|
| 2027 |
View More
|
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