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Retirement Plan Processor Jobs (NOW HIRING)

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Retirement Plan Processor information

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$8

$16

$25

How much do retirement plan processor jobs pay per hour?

As of Jun 2, 2026, the average hourly pay for retirement plan processor in the United States is $16.74, according to ZipRecruiter salary data. Most workers in this role earn between $13.46 and $19.23 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Retirement Plan Processor, and why are they important?

To thrive as a Retirement Plan Processor, you need a solid understanding of retirement plan regulations, attention to detail, and experience in financial or benefits administration, often supported by a relevant degree. Familiarity with recordkeeping platforms, compliance software, and proficiency in Microsoft Excel are typically required, and ASPPA or related certifications are advantageous. Strong organizational skills, effective communication, and problem-solving abilities help you excel in managing complex transactions and client inquiries. These skills and qualifications ensure accurate processing, regulatory compliance, and high-quality client service in a detail-oriented environment.

What are some common challenges faced by Retirement Plan Processors, and how can they be effectively managed?

Retirement Plan Processors often encounter challenges such as interpreting complex plan documents, ensuring compliance with evolving regulations, and managing tight deadlines for contributions and distributions. Staying detail-oriented and organized is crucial, as is keeping up-to-date with regulatory changes through ongoing training. Collaborating closely with compliance teams and utilizing robust workflow management tools can help address these challenges and ensure accuracy in daily processing tasks.

What does a Retirement Plan Processor do?

A Retirement Plan Processor is responsible for handling the administrative tasks related to retirement savings plans, such as 401(k)s and pension plans. They process participant transactions like enrollments, contributions, distributions, and rollovers, ensuring compliance with federal regulations and plan rules. The role also involves maintaining accurate records, communicating with plan participants, and assisting with audits or reporting requirements. Attention to detail and knowledge of retirement plan laws are important in this position.

What is the difference between Retirement Plan Processor vs Retirement Plan Administrator?

AspectRetirement Plan ProcessorRetirement Plan Administrator
CertificationsTypically requires industry-specific certifications or trainingOften holds certifications like CFP or CPFA
Work EnvironmentMostly in office, handling transactions and data entryInvolves oversight, client interaction, and compliance
Employer & Industry UsageCommon in financial services, retirement plan providersUsed in larger firms managing multiple plans
Primary ResponsibilitiesProcessing contributions, distributions, and account updatesPlan oversight, compliance, and client communication

The main difference is that Retirement Plan Processors focus on executing transactions and data entry, while Retirement Plan Administrators oversee plan compliance and client relations. Both roles are essential in the retirement industry but differ in scope and responsibilities.

More about Retirement Plan Processor jobs
What cities are hiring for Retirement Plan Processor jobs? Cities with the most Retirement Plan Processor job openings:
What states have the most Retirement Plan Processor jobs? States with the most job openings for Retirement Plan Processor jobs include:
Infographic showing various Retirement Plan Processor job openings in the United States as of May 2026, with employment types broken down into 93% Full Time, and 7% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $34,822 per year, or $16.7 per hour.
Retirement Plan Manager

Retirement Plan Manager

T. Rowe Price Associates, Inc.

Owings Mills, MD • Hybrid

Full-time

Medical, Life, Retirement, PTO

Posted 10 days ago


T. Rowe Price rating

9.1

Company rating: 9.1 out of 10

Based on 21 frontline employees who took The Breakroom Quiz


Job description

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You'll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you'll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

Role Summary

Are you looking to grow your career in the Retirement Plan Industry by working for a premier asset management and retirement services organization? There's a place for you to grow, contribute, learn, and make a difference at T. Rowe Price as a Retirement Plan Manager (Consultant) in Retirement Plans Services. You'll utilize your strong communication, project management, and relationship building skills to lead the administration of employer sponsored retirement plans.

This role maintains communication with assigned sponsors, retirement advisors and consultants, to meet or exceed their operational and administrative needs. The Retirement Plan Manager (Consultant) helps maintain the effective and efficient operation of retirement plans to drive desired outcomes of plan sponsors. This includes bringing value add solutions to offload administrative items, mitigate risk, and create a positive client experience.

Responsibilities

  • Maintains a firm understanding of assigned clients' retirement plan objectives, plan design and the processes involved in the daily operation of the retirement plan
  • Regularly consults with assigned clients to maintain a positive relationship
  • Proactively uncovers ways to improve the daily operations of the plan
  • May support development of a service strategy, depending upon the client complexity and retention risk
  • Serves as the primary contact to discuss operational challenges and establishes an execution plan for resolution
  • Responsible for a wide variety of basic or more complex or specialized activities relating to the operations of the client's plan
  • May provide work direction to more junior team members and partners with other staff as necessary to develop and implement solutions
  • Participates in internal activities and initiatives designed to improve the Client Administration/Retirement Plan Services process and ensure a high-quality client experience
  • Helps develop and implement process improvements
  • Resolves moderately complex or specialized client issues; conducts research and reporting to resolve these issues
  • Escalates highly complex issues to management or senior staff
  • Works with internal business partners and clients on adoption of new products, platforms, and services.
  • Completes campaigns in a timely manner, frames client and T. Rowe Price benefits, and works to gain client adoption
  • Periodically travels and presents at client sales and rebid meetings
  • Works with internal partners on best practices and service value to position to win

Qualifications

Required:

  • Bachelor's degree or the equivalent combination of education and relevant experience AND
  • 2+ years of total relevant work experience

Preferred:

  • ASPPA Credentials such as QKA, QPA, etc. or certificates such as RPF or similar Foundational Retirement plan knowledge
  • Account management experience
  • Project management experience

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

May consider telework schedule.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$72,000 - $118,000 for the location of: Maryland, Colorado, Washington and remote workers
$72,000 - $118,000 for the location of: Washington, D.C.
$72,000 - $118,000 for the location of: New York, California

Placement within the range provided above is based on the individual's relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

This job posting is expected to be available until:

08/30/2026

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you'll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

Featured employee benefits to enrich your life:

  • Competitive compensation

  • Annual bonus eligibility

  • A generous retirement plan

  • Hybrid work schedule

  • Health and wellness benefits, including online therapy

  • Paid time off for vacation, illness, medical appointments, and volunteering days

  • Family care resources, including fertility and adoption benefits

Learn more about our benefits.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.

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