Elgin Molded Plastics Inc Salary

As of July 2026, the average annual salary for employees at Elgin Molded Plastics Inc in the United States is $92,295. This translates to an approximate hourly wage of $44. Salaries at Elgin Molded Plastics Inc typically range from $81,290 to $104,148 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Elgin Molded Plastics Inc

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Is Elgin Molded Plastics Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Elgin Molded Plastics Inc'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
Testa Machine Company Inc $86,367
-6.4%
Normalized for lower cost-of-living zones where Testa Machine Company Inc primarily operates.
Minowitz MFG CO Majestic Metal Fabricating $92,379
+0.1%
Indicates identical technical requirements and experience levels between the two firms.
BJ Plastic Molding Co Inc $93,118
+0.9%
Confirms BJ Plastic Molding Co Inc is a direct competitor vying for the exact same talent pool.
Plastic Designs Inc $82,654
-10.4%
Plastic Designs Inc may offer non-monetary perks in lieu of competitive base salaries.
MFG Durable Industry $121,746
+31.9%
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.

Employee Reviews: Working at Elgin Molded Plastics Inc

Considering a career at Elgin Molded Plastics Inc? 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.
Working here has been a fantastic experience. Management is present, and it is somehow responsive to feedback. The workplace environment encourages collaboration and respect among colleagues. The work atmosphere is professional, though sometimes rigid. The facilities are clean, well-organized and equipped with advanced automation. Training was thorough, and support continued afterward. This commit...
I value the positive and motivating atmosphere that this company has fostered. Heading to occasional dissatisfaction among staff seeking more dynamic roles. It’s rare to find such consistency and positive culture in manufacturing today. The availability of flexible work schedules, adaptable project-based approaches, and supportive remote work options is a significant and highly valued benefit, par...
Management is supportive, encouraging employees to develop new skills through ongoing training and education. Great work environment for both experienced professionals and those starting out. It’s good to know you’re working for a company that takes its responsibilities seriously. Managers are often on the floor, talking to employees and understanding the day-to-day operations. The job becomes rep...

Elgin Molded Plastics Inc Overview

Website
www.elginmolded.com
Founded In
1949
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
909 Grace St Elgin Illinois IL 60120
Revenue
$5 Million - $10 Million
Phone Number
+1 8479312455
Social Media
About Elgin Molded Plastics Inc
Elgin Molded Plastics is a custom injection molder with design engineers and tool makers taking ideas and making parts. Craftsmen of plastic injection molds for retro reflectors and fresnel lenses. We also have a line of navigational marine lights, emergency flare lights, school zone lights, and airport construction lights.

What Benefits Does Elgin Molded Plastics Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Elgin Molded Plastics Inc 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)
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What Is the Cost of Living Near Elgin?

Understanding the cost of living near Elgin is key to truly evaluating a salary offer or your current compensation at Elgin Molded Plastics Inc.
Elgin's Cost of Living Index is approximately 97.3 (2.7% less expensive than US average; 3.7% more than IL average). NW Chicago suburb, more affordable housing. Pace bus, Metra rail. When planning your budget based on a salary from Elgin Molded Plastics Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,150 - $1,650+ A significant portion of Elgin Molded Plastics Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace/Metra (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,400 - $3,780+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Elgin Molded Plastics Inc

1. How much does an Elgin Molded Plastics Inc employee make?

Elgin Molded Plastics Inc pays its employees an average of $92,295 per year. The average salary at Elgin Molded Plastics Inc range from $81,290 to $104,148 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 Elgin Molded Plastics Inc?

The salary at Elgin Molded Plastics Inc is higher than the similar company. The average annual salary at Elgin Molded Plastics Inc is $92,295, or an hourly wage of $44, in comparison to Testa Machine Company Inc which pays $86,367 per year or $42 per hour.

3. How much does a Director, Manufacturing typically earn at Elgin Molded Plastics Inc?

A Director, Manufacturing at Elgin Molded Plastics Inc typically earns an average annual base salary of around $170,709, with a general range of $153,735 to $185,634.

4. Do employees with advanced degrees (Master's, PhD) earn more at Elgin Molded Plastics Inc?

In many roles at Elgin Molded Plastics Inc, 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.

5. How does the cost of living near Elgin affect the perceived value of a Elgin Molded Plastics Inc salary?

Elgin's Cost of Living Index is approximately 97.3 (2.7% less expensive than US average; 3.7% more than IL average). This significantly impacts the purchasing power of a salary from Elgin Molded Plastics Inc based there. Our "Cost of Living Insights for Elgin" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Elgin Molded Plastics Inc typically offer employees?

Elgin Molded Plastics Inc 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 Elgin Molded Plastics Inc" section on this page.