Frates Benefit Administrators Salary

As of May 2026, the average annual salary for employees at Frates Benefit Administrators in the United States is $84,732. This translates to an approximate hourly wage of $41. Salaries at Frates Benefit Administrators typically range from $74,545 to $95,820 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Frates Benefit Administrators

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Is Frates Benefit Administrators’s Pay Competitive? Salary Benchmarking Analysis

How does Frates Benefit Administrators'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
Sagaz $104,109
+22.9%
Reflects structural premiums typical of Sagaz's large-cap national operations.
Callahan & Rice Insurance Group Inc $84,025
-0.8%
Indicates identical technical requirements and experience levels between the two firms.
Parr Insurance Agency $89,426
+5.5%
Reflects a supply-demand imbalance for the specific talent Parr Insurance Agency targets.
J Meyers Insurance Group $88,877
+4.9%
Driven by niche technical certifications required for J Meyers Insurance Group's specialized projects.
Insurance Industry $123,858
+46.2%
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 Frates Benefit Administrators

Considering a career at Frates Benefit Administrators? 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 company provides a stable and engaging work environment in the insurance sector. The onboarding process was smooth, and my team was very supportive. The insurance industry knowledge here is top-tier, making daily tasks engaging. The insurance training is thorough, and leadership is transparent. My role here has been consistent and straightforward.
It’s a good choice for those seeking a low-drama, steady work environment. The collaborative atmosphere makes it a great place to work. It’s a reasonable place to gain experience in insurance. I’ve grown professionally since joining and would recommend it to anyone seeking stability and growth in insurance.
A forward-thinking employer. A supportive workplace with a focus on professional growth. The company culture emphasizes teamwork and innovation, which makes problem-solving enjoyable. The office environment is welcoming, and flexible schedules are a big plus. Work-life balance is respected, and flexible hours are a major perk. The company has a strong reputation in the insurance industry, and for ...

Frates Benefit Administrators Overview

Website
www.fba-tpa.com
Founded In
1924
Employees
<25 employees
Industry
Insurance
Headquarter Address
13439 Broadway Ext Oklahoma City Oklahoma OK 73114
Revenue
$10 Million - $50 Million
Phone Number
+1 8008507166
Social Media
About Frates Benefit Administrators
We are a privately owned insurance agency founded in Oklahoma City, Oklahoma in 1924. The agency provides the full spectrum of Insurance, Risk Management and Third Party Benefit Administration. Frates Benefit Administrators administers all types of self-funded employee benefit plans; Section 125 plans; and other reimbursement plans such as Health Savings Accounts, Health Reimbursement Arrangements

What Benefits Does Frates Benefit Administrators Offer Beyond Salary?

A competitive compensation package is more than just a salary. Frates Benefit Administrators 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 Oklahoma City?

Understanding the cost of living near Oklahoma City is key to truly evaluating a salary offer or your current compensation at Frates Benefit Administrators.
Oklahoma City's Cost of Living Index is approximately 85.4 (14.6% less expensive than US average; 1.9% less than OK average). State capital, growing, affordable housing. EMBARK bus/streetcar. When planning your budget based on a salary from Frates Benefit Administrators, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Frates Benefit Administrators salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (EMBARK monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 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) $2,000 - $3,370+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Frates Benefit Administrators

1. What is the typical salary range (low to high) for most roles at Frates Benefit Administrators?

The typical annual salary range for most roles at Frates Benefit Administrators is approximately from $74,545 to $95,820. 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. How much does Frates Benefit Administrators pay compared to Sagaz?

The average annual salary at Frates Benefit Administrators is $84,732, or an hourly wage of $41, in comparison to Sagaz which pays $104,109 per year or $50 per hour.

3. Do salaries differ significantly between departments at Frates Benefit Administrators?

Yes, salaries often differ between departments at Frates Benefit Administrators due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Frates Benefit Administrators?

Experience level is a significant factor in determining salary at Frates Benefit Administrators, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Frates Benefit Administrators in Oklahoma City is fair given the local cost of living?

To determine if a salary offer from Frates Benefit Administrators in Oklahoma City is fair, first compare the gross salary to our data for similar roles at Frates Benefit Administrators and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Oklahoma City" to understand its purchasing power.

6. What are the key factors that influence salary levels at Frates Benefit Administrators?

Several key factors influence salary levels at Frates Benefit Administrators. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Frates Benefit Administrators likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.