Home > Salary > Iceland > Retirement Plan Specialist
A retirement plan specialist is a professional who assists individuals and organizations in effectively planning and managing their retirement savings. They are responsible for providing guidance on retirement plan options, such as 401(k) plans, IRAs, and pension plans, and helping clients understand the associated benefits and risks. Retirement plan specialists analyze financial data, assess retirement goals, and develop personalized strategies to maximize savings and achieve long-term financial security. They also educate clients on retirement planning principles, investment options, and tax implications. Additionally, retirement plan specialists monitor and evaluate the performance of retirement portfolios, make necessary adjustments, and ensure compliance with legal and regulatory requirements.
Estimated Yearly Salary: 10,591,763 ISK
Estimated Monthly Salary: 882,647 ISK
Estimated Weekly Salary: 203,688 ISK per week
Estimated Hourly Salary: 5,092 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 850,671 ISK
Estimated Weekly Salary: 196,309 ISK per week
Estimated Hourly Salary: 4,908 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 73,707 USD
Estimated Monthly Salary: 6,142 USD
Estimated Weekly Salary: 1,417 USD per week
Estimated Hourly Salary: 35 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 10,591,763 ISK
Estimated Monthly Salary: 882,647 ISK
Estimated Weekly Salary: 203,688 ISK per week
Estimated Hourly Salary: 5,092 ISK per hour
By working as Retirement Plan Specialist a person can save up to 3,413 USD per month or 40,961 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Estimated Yearly Salary for Retirement Plan Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Retirement Plan Specialist salary in Iceland
Average Yearly Salary of Retirement Plan Specialist in Iceland is approximately 10,591,763 ISK (73,707 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Retirement Plan Specialist do?
A retirement plan specialist is a professional who assists individuals and organizations in effectively planning and managing their retirement savings. They are responsible for providing guidance on retirement plan options, such as 401(k) plans, IRAs, and pension plans, and helping clients understand the associated benefits and risks. Retirement plan specialists analyze financial data, assess retirement goals, and develop personalized strategies to maximize savings and achieve long-term financial security. They also educate clients on retirement planning principles, investment options, and tax implications. Additionally, retirement plan specialists monitor and evaluate the performance of retirement portfolios, make necessary adjustments, and ensure compliance with legal and regulatory requirements.
Skills: retirement planning, retirement savings, financial advisor, retirement benefits, investment management, retirement portfolio.
Job industry: Finance
Job industry: Finance
How much does Retirement Plan Specialist make?
Salary details
How much does Retirement Plan Specialist make?Estimated Yearly Salary: 10,591,763 ISK
Estimated Monthly Salary: 882,647 ISK
Estimated Weekly Salary: 203,688 ISK per week
Estimated Hourly Salary: 5,092 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 10,208,055 ISKEstimated Monthly Salary: 850,671 ISK
Estimated Weekly Salary: 196,309 ISK per week
Estimated Hourly Salary: 4,908 ISK per hour
Last revision of data: 2024-01-09Retirement Plan Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 73,707 USD
Estimated Monthly Salary: 6,142 USD
Estimated Weekly Salary: 1,417 USD per week
Estimated Hourly Salary: 35 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Retirement Plan Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Retirement Plan Specialist in Iceland earns on average:
1.18 times the average salary (or 118% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Retirement Plan Specialist job salary compared to average salary in Iceland.
Comparison shows that a person working as Retirement Plan Specialist in Iceland earns on average:
1.18 times the average salary (or 118% of average salary).
Is Retirement Plan Specialist a well paid job?
Yes, our data show that Retirement Plan Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Retirement Plan Specialist?
High salary for Retirement Plan Specialist would be somewhere between 11,650,939 ISK and 15,358,056 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Retirement Plan Specialist in Iceland?
Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 10,591,763 ISK
Estimated Monthly Salary: 882,647 ISK
Estimated Weekly Salary: 203,688 ISK per week
Estimated Hourly Salary: 5,092 ISK per hour
By working as Retirement Plan Specialist a person can save up to 3,413 USD per month or 40,961 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Iceland, see costs of living in Iceland.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Norway, Faroe Islands, United Kingdom. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Retirement Plan Specialist
Norway is 103,350 USD
United Kingdom is 48,421 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Exterminator licensed (5,190,926 ISK per year, pre-tax.)
Certified addiction drug and alcohol counselor (5,906,830 ISK per year, pre-tax.)
Geographer (13,504,491 ISK per year, pre-tax.)
Claims adjuster (7,670,740 ISK per year, pre-tax.)
Electrocardiogram (ekg), monitor technician (6,062,063 ISK per year, pre-tax.)
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