BFP Associates Inc Salary

BFP Associates Inc Salary

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As of August 2026, the average annual salary for employees at BFP Associates Inc in the United States is $93,497. This translates to an approximate hourly wage of $45. Salaries at BFP Associates Inc typically range from $82,270 to $105,721 annually, reflecting the diverse roles and experience levels within the company.

How Much Does BFP Associates Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at BFP Associates Inc. Based on our data, the highest paying job is the Account Executive, with an annual salary of $134,269. 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 BFP Associates Inc

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

Is BFP Associates Inc’s Pay Competitive? Salary Benchmarking Analysis

How does BFP Associates 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
Kim Varnadore $86,008
-8.0%
Kim Varnadore may offer non-monetary perks in lieu of competitive base salaries.
Accord Texaswide Insurance Agency LP $91,314
-2.3%
Suggests Accord Texaswide Insurance Agency LP utilizes a highly similar base-plus-benefits compensation model.
Paladin Insurance Advocates LLC $90,069
-3.7%
Paladin Insurance Advocates LLC likely leverages performance bonuses over the high base salary shown here.
Anderson-Williamson Insurance Agency LLC $87,411
-6.5%
Typical compensation structure for smaller regional agencies like Anderson-Williamson Insurance Agency LLC.
Insurance Industry $123,858
+32.5%
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 BFP Associates Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at BFP Associates Inc

Considering a career at BFP Associates 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.
The office environment is modern and welcoming. It’s a good fit for those who value predictability in their career. Communication from upper management is frequent but could be more detailed. The company culture is supportive, and employees are treated with respect.
Commented in May 11, 2025
10
0
The team is talented and always willing to share knowledge. The office culture is welcoming, and there are plenty of networking opportunities. Compensation is fair, and there’s recognition for hard work.
Commented in February 08, 2025
43
0
The compensation is fair, and the team is highly collaborative. The company invests in technology to streamline operations. A reliable option for insurance professionals. The company culture emphasizes teamwork and innovation, which makes problem-solving enjoyable. The company provides a stable work environment in the insurance industry. Colleagues are collaborative, and the office vibe is energet...
Commented in August 05, 2024
20
3

BFP Associates Inc Overview

Website
www.bfpassociates.com
Founded In
1970
Employees
<25 employees
Industry
Insurance
Headquarter Address
110 Elm St West Springfield Massachusetts MA 01089
Revenue
<$5 Million
Phone Number
+1 4137392352
Social Media
About BFP Associates Inc
BFP Associates, Inc. was established in 1970 and specializes in providing employee benefit consulting and administration to employers throughout New England. We are dedicated to designing and administering innovative employee benefit programs that meet the specific needs of each individual client and their employees.

What Benefits Does BFP Associates Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. BFP Associates 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 Springfield?

Understanding the cost of living near Springfield is key to truly evaluating a salary offer or your current compensation at BFP Associates Inc.
Springfield's Cost of Living Index is approximately 97.5 (2.5% less expensive than US average; 26.5% less than MA average). Western MA city, more affordable housing. PVTA bus, Hartford Line rail. When planning your budget based on a salary from BFP Associates Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of BFP Associates Inc salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $58 (PVTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,488 - $3,868+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of BFP Associates Inc

1. What is the average salary for employees at BFP Associates Inc?

The average annual total compensation for employees at BFP Associates Inc is approximately $93,497. However, this is an aggregate figure, actual salaries can range significantly, typically from $82,270 to $105,721, depending on factors like job role, experience, and location.

2. How much does BFP Associates Inc pay compared to Kim Varnadore?

The average annual salary at BFP Associates Inc is $93,497, or an hourly wage of $45, in comparison to Kim Varnadore which pays $86,008 per year or $41 per hour.

3. How does having a professional certification impact salary for relevant roles at BFP Associates Inc?

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 BFP Associates Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does BFP Associates Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Springfield?

While some companies offer formal COLA, many, including potentially BFP Associates Inc, 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.

5. What's the typical process for salary reviews and raises at BFP Associates Inc?

Most companies, likely including BFP Associates Inc, 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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