First Actuarial Corp Salary

First Actuarial Corp Salary

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As of April 2026, the average annual salary for employees at First Actuarial Corp in the United States is $88,572. This translates to an approximate hourly wage of $43. Salaries at First Actuarial Corp typically range from $77,927 to $100,149 annually, reflecting the diverse roles and experience levels within the company.

How Much Does First Actuarial Corp Pay for Different Roles?

Explore detailed salary information for specific jobs at First Actuarial Corp. Based on our data, the highest paying job is the President, with an annual salary of $685,622. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at First Actuarial Corp

Ready for your next career move? Explore current job openings at First Actuarial Corp. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is First Actuarial Corp’s Pay Competitive? Salary Benchmarking Analysis

How does First Actuarial Corp'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
Directors Life Assurance Co $83,276
-6.0%
Directors Life Assurance Co likely leverages performance bonuses over the high base salary shown here.
IRA Brokerage Inc $91,040
+2.8%
Confirms IRA Brokerage Inc is a direct competitor vying for the exact same talent pool.
Schembri Insurance Group $93,772
+5.9%
Influenced by prevailing union wage agreements specific to Schembri Insurance Group's sector.
Apex Adjusting LLC $92,675
+4.6%
Adjusted for higher cost-of-living indices in Apex Adjusting LLC's primary metro hubs.
Insurance Industry $123,858
+39.8%
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 First Actuarial Corp's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at First Actuarial Corp

Considering a career at First Actuarial Corp? 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.
It’s a stable workplace with standard industry benefits. A good fit for those who prefer routine. Training programs are top-notch, and leadership is transparent. I’d highly recommend this employer to others.
Commented in May 02, 2025
26
3
The work environment is positive, and colleagues are supportive. The positive atmosphere makes coming to work enjoyable. Even with a large workforce, individual contributions are recognized.
Commented in March 04, 2025
18
0
The corporate culture is positive, and teamwork is highly encouraged. The organization operates efficiently with a focus on compliance and customer service. Management maintains a structured workflow. Day-to-day operations run efficiently, and colleagues are competent. The company offers standard benefits, and the office environment is functional. This insurance company fosters a positive and moti...
Commented in January 29, 2025
10
2

First Actuarial Corp Overview

Website
www.firstactuarial.com
Founded In
1988
Employees
<25 employees
Industry
Insurance
Headquarter Address
800 Monroe Ave NW Grand Rapids Michigan MI 49503
Revenue
<$5 Million
Phone Number
+1 6164591050
Social Media
About First Actuarial Corp
First Actuarial Corporation (FAC) is located in Grand Rapids, Michigan. FAC has nearly 40 years of experience in the design and administration of employee benefit plans. We specialize in helping small to medium sized companies provide attractive benefit programs for their employees.

What Benefits Does First Actuarial Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. First Actuarial Corp 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 First Actuarial Corp?
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What Is the Cost of Living Near Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at First Actuarial Corp.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from First Actuarial Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of First Actuarial Corp salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (The Rapid monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,580+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of First Actuarial Corp

1. What is the average salary for employees at First Actuarial Corp?

The average annual total compensation for employees at First Actuarial Corp is approximately $88,572. However, this is an aggregate figure, actual salaries can range significantly, typically from $77,927 to $100,149, depending on factors like job role, experience, and location.

2. How much does First Actuarial Corp pay compared to Directors Life Assurance Co?

The average annual salary at First Actuarial Corp is $88,572, or an hourly wage of $43, in comparison to Directors Life Assurance Co which pays $83,276 per year or $40 per hour.

3. What is the lowest salary at First Actuarial Corp?

The lowest-paying job at First Actuarial Corp is a Plan Administrator with a salary of $53,445 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at First Actuarial Corp?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at First Actuarial Corp for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does First Actuarial Corp offer cost-of-living adjustments (COLA) for employees in high-cost areas like Grand Rapids?

While some companies offer formal COLA, many, including potentially First Actuarial Corp, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at First Actuarial Corp?

Most companies, likely including First Actuarial Corp, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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