As of May 01, 2026, the average salary for a Retirement Plan Specialist in the United States is $63,850 per year, which breaks down to an hourly rate of $31.
However, a Retirement Plan Specialist's salary can vary significantly. Here’s a look at the typical salary range:
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A Retirement Plan Specialist'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 Specialist'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 Specialist | $60,971 |
| Intermediate Level Retirement Plan Specialist | $61,165 |
| Senior Level Retirement Plan Specialist | $63,102 |
| Specialist Level Retirement Plan Specialist | $66,846 |
| Expert Level Retirement Plan Specialist | $68,343 |
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 Specialists. 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
|
$77,259 |
21%
|
|
Leadership
|
$75,982 |
19%
|
|
Loan Review
|
$69,597 |
9%
|
|
Business Model
|
$69,597 |
9%
|
|
Presentation
|
$69,597 |
9%
|
|
Oral Communication
|
$67,681 |
6%
|
Your level of education can impact your salary potential. While many Retirement Plan Specialists 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 Specialist with a Bachelor's Degree is between $61,813 and $68,170).
Retirement Plan Specialist 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 Specialist'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 May 01, 2026Salaries for a Retirement Plan Specialist can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $58,043 in 2023 to around $56,787 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Retirement Plan Specialist salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $58,043 |
| 2024 | $57,121 |
| 2025 | $56,787 |
| 2026 |
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|
| 2027 |
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|
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