Innovative Plastics and Molding Inc Salary

As of August 2026, the average annual salary for employees at Innovative Plastics and Molding Inc in the United States is $85,755. This translates to an approximate hourly wage of $41. Salaries at Innovative Plastics and Molding Inc typically range from $75,535 to $96,771 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Innovative Plastics and Molding Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Innovative Plastics and Molding Inc. Based on our data, the highest paying job is the President, with an annual salary of $663,821. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Innovative Plastics and Molding Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Innovative Plastics and Molding 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
Chetak Auto Engineering Products Company Pvt Ltd $78,667
-8.3%
Chetak Auto Engineering Products Company Pvt Ltd may offer non-monetary perks in lieu of competitive base salaries.
MAGNA Lifting Products Inc $89,605
+4.5%
Driven by niche technical certifications required for MAGNA Lifting Products Inc's specialized projects.
Bridge Tool & Die Inc $81,726
-4.7%
Bridge Tool & Die Inc likely leverages performance bonuses over the high base salary shown here.
Rising Star Technology $98,170
+14.5%
Reflects structural premiums typical of Rising Star Technology's large-cap national operations.
MFG Durable Industry $121,746
+42.0%
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 Innovative Plastics and Molding Inc

Considering a career at Innovative Plastics and Molding 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.
There’s great structure here, and our output speaks for itself. The culture values hard work, and recognition is given where it’s due. The environment works, but it’s not highly dynamic. It's a dynamic environment where continuous learning and problem-solving are integral parts of the job.
Some groups collaborate well, others tend to work more independently with minimal communication. The teamwork is phenomenal, and everyone is committed to achieving common goals safely and efficiently. The culture is professional and it is flexibility and innovation, which and it can suit employees seeking dynamic, fast-paced environments. It feels good to work for an organization that gives back ...
Most employees perform well, but turnover in some roles disrupts consistency. Employees are involved in decisions, and the workplace culture promotes learning and shared responsibility at every level. Our production targets are met consistently, and the workplace feels organized, focused, and well-managed.

Innovative Plastics and Molding Inc Overview

Website
www.woodcompositesandmolding.com
Founded In
1998
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
PO Box 353211 Toledo Ohio OH 43635
Revenue
<$5 Million
Phone Number
+1 4193468728
Social Media
About Innovative Plastics and Molding Inc
Innovative Plastics and Molding, Inc (IPM) is a leading natural fiber wood composite technology development company. IPM leading edge technology includes molded parts made from they're brand FibreTuff®, a bio based compounded pellet. These new FibreTuff®pellets are of an alloy composition with patent and patent pending applications. IPM will license FibreTuff® technology and take responsibility to

What Benefits Does Innovative Plastics and Molding Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovative Plastics and Molding 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 Toledo?

Understanding the cost of living near Toledo is key to truly evaluating a salary offer or your current compensation at Innovative Plastics and Molding Inc.
Toledo's Cost of Living Index is approximately 75.2 (24.8% less expensive than US average; 17.2% less than OH average). NW OH city, 'Glass City', very affordable. TARTA bus. When planning your budget based on a salary from Innovative Plastics and Molding Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $700 - $1,050+ A significant portion of Innovative Plastics and Molding Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (TARTA monthly pass) 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 $280 - $550+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $340 - $630+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,865 - $3,005+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Innovative Plastics and Molding Inc

1. What is the typical salary range (low to high) for most roles at Innovative Plastics and Molding Inc?

The typical annual salary range for most roles at Innovative Plastics and Molding Inc is approximately from $75,535 to $96,771. 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 Innovative Plastics and Molding Inc pay compared to Chetak Auto Engineering Products Company Pvt Ltd?

The average annual salary at Innovative Plastics and Molding Inc is $85,755, or an hourly wage of $41, in comparison to Chetak Auto Engineering Products Company Pvt Ltd which pays $78,667 per year or $38 per hour.

3. Do salaries differ significantly between departments at Innovative Plastics and Molding Inc?

Yes, salaries often differ between departments at Innovative Plastics and Molding Inc 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 Innovative Plastics and Molding Inc?

Experience level is a significant factor in determining salary at Innovative Plastics and Molding Inc, 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 Innovative Plastics and Molding Inc in Toledo is fair given the local cost of living?

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

6. What factors influence salary increases at Innovative Plastics and Molding Inc?

Salary increases at Innovative Plastics and Molding Inc are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.