The base salary for Retirement Plan Consultant ranges from $57,038 to $77,466 with the average base salary of $66,724. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $58,064 to $80,145 with the average total cash compensation of $68,003.
Secondly, how much do 401k Advisors make?
Retirement Plan Advisor Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $88,500 | $7,375 |
| 75th Percentile | $75,000 | $6,250 |
| Average | $62,451 | $5,204 |
| 25th Percentile | $41,500 | $3,458 |
In this regard, do I need a financial advisor when I retire?
If you are looking to save for retirement, or are at retirement and need to live off of the income generated by your assets, you may need the help of a financial advisor. Not all financial advisors specialize in retirement planning, and so a qualified and knowledgeable retirement advisor should be sought out.
Are retirement plan advisors fiduciaries?
If you make decisions that impact your organization’s retirement plan, you’re probably a fiduciary as defined by the Employee Retirement Income Security Act of 1974 (ERISA).