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Benefit Funds Salary

Benefit Funds Salary

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As of September 2026, the average annual salary for employees at Benefit Funds in the United States is $108,845. This translates to an approximate hourly wage of $52. Salaries at Benefit Funds typically range from $95,649 to $123,280 annually, reflecting the diverse roles and experience levels within the company.
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Is Benefit Funds’s Pay Competitive? Salary Benchmarking Analysis

How does Benefit Funds's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Fidelity National Home Warranty $129,529
+19.0%
Data suggests Fidelity National Home Warranty's workforce skews heavily towards veteran, high-tenure roles.
Nyslrs $110,364
+1.4%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Discovery Benefits Inc $100,881
-7.3%
Reflects market rates for standard general contracting, differing from specialized roles.
Cement Masons Health and Welfare Fund 90 $106,313
-2.3%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Insurance Industry $123,858
+13.8%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Benefit Funds's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Benefit Funds. Click a company name to learn more.

Employee Reviews: Working at Benefit Funds

Considering a career at Benefit Funds? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The leadership team is approachable and values employee feedback. Joining this insurance company was a great career move. Work-life balance is prioritized, making it an excellent place to build a career. Compensation is fair, with standard raises based on performance reviews. The insurance products are reputable, and client interactions are straightforward. A great environment for ambitious profes...
Commented in April 27, 2025
42
3
Employees are encouraged to share ideas, and leadership listens. Workload is manageable. Processes are efficient but predictable. The insurance industry is ever-changing, but the team adapts well.
Commented in April 01, 2025
25
0
The culture is collaborative, and leadership genuinely cares about employee growth. The organization maintains a professional and structured work environment. With thousands of employees, there’s diversity in teams, which enhances creativity. This insurance company excels in employee satisfaction. While there aren’t many flashy perks, the job security and steady environment are positives.
Commented in July 10, 2024
21
0
This company fosters a supportive culture where employees feel valued. Salaries are competitive, and there are clear paths for advancement. This company provides a stable work environment in the insurance sector.
Commented in June 06, 2024
29
1
Management is supportive, and teamwork is a core value. The team is competent, though cross-department communication could improve. Management is fair, and workloads are balanced. Fast-growing company with clear career progression. While not the most dynamic, it’s a dependable workplace.
Commented in February 08, 2024
46
2

Benefit Funds Overview

Website
www.ibew697benefits.com
Founded In
Data pending, update soon.
Employees
500 - 1,000 employees
Industry
Insurance
Headquarter Address
7200 Mississippi St Merrillville Indiana IN 46410
Revenue
$50 Million - $200 Million
Phone Number
+1 2199406181
Social Media
About Benefit Funds
Benefit Funds of the I.B.E.W. Local 697 All the information regarding your Annuity, Healthcare, Pension, Plan P and S.U.B. Fund benefit plans. Why are the Benefit Funds writing about liminality, you ask? Because we are letting go of the old site and replacing it with the new site, albeit, a site that we are still tweaking. Make no mistake, this website contains all the information, forms and links

What Benefits Does Benefit Funds Offer Beyond Salary?

A competitive compensation package is more than just a salary. Benefit Funds offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at Benefit Funds?
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What Is the Cost of Living Near Gary?

Understanding the cost of living near Gary is key to truly evaluating a salary offer or your current compensation at Benefit Funds.
Gary's Cost of Living Index is approximately 73.5 (26.5% less expensive than US average; 18.9% less than IN average). NW IN city, facing economic challenges, extremely affordable housing. GPTC, South Shore Line rail. When planning your budget based on a salary from Benefit Funds, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $600 - $950+ A significant portion of Benefit Funds salary. Location choices impact this heavily.
Utilities (Basic) $170 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation GPTC/South Shore (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $350 - $520 Can be higher with more dining out or specialty stores.
Personal & Leisure $250 - $500+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $330 - $620+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,750 - $2,860+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Benefit Funds

1. How much does a Benefit Funds employee make?

Benefit Funds pays its employees an average of $108,845 per year. The average salary at Benefit Funds range from $95,649 to $123,280 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Benefit Funds?

The salary at Benefit Funds is lesser than the similar company. The average annual salary at Benefit Funds is $108,845, or an hourly wage of $52, in comparison to Fidelity National Home Warranty which pays $129,529 per year or $62 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Benefit Funds?

In many roles at Benefit Funds, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near Gary affect the perceived value of a Benefit Funds salary?

Gary's Cost of Living Index is approximately 73.5 (26.5% less expensive than US average; 18.9% less than IN average). This significantly impacts the purchasing power of a salary from Benefit Funds based there. Our "Cost of Living Insights for Gary" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Benefit Funds typically offer employees?

Benefit Funds generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Benefit Funds" section on this page.

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