Where is Masters Plan located?

Masters Plan is headquartered in Lexington, Mississippi, but may have operations in other locations within the Insurance sector.

What does Masters Plan do?

According to the company's overview, Masters Plan is a company that operates in the Education industry.

What industry is Masters Plan in?

Masters Plan operates in the Insurance industry.

Masters Plan Average Salary, Pay Ranges & Benefits

Masters Plan Salary

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Salary at Masters Plan

Current Job Openings at Masters Plan

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Is Masters Plan’s Pay Competitive? Salary Benchmarking Analysis

How does Masters Plan'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
Board.org LLC	$96,894	+14.2%	Data suggests Board.org LLC's workforce skews heavily towards veteran, high-tenure roles.
Hawaii Medical Assurance Association	$100,965	+19.0%	Reflects structural premiums typical of Hawaii Medical Assurance Association's large-cap national operations.
Care N' Care Insurance Co	$95,934	+13.0%	Reflects a supply-demand imbalance for the specific talent Care N' Care Insurance Co targets.
Iu Health Plans Medicare Advantage	$90,312	+6.4%	Adjusted for higher cost-of-living indices in Iu Health Plans Medicare Advantage's primary metro hubs.
Insurance Industry	$123,858	+45.9%	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.

How Masters Plan's Salaries Compare to Similar Companies?

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

Board.org LLC

$96,894 / year

Salary Range: $85,212 - $109,660

Austin, TX

Hawaii Medical Assurance Association

$100,965 / year

Salary Range: $88,785 - $114,257

Honolulu, HI

Care N' Care Insurance Co

$95,934 / year

Salary Range: $84,369 - $108,575

Farmers Branch, TX

Iu Health Plans Medicare Advantage

$90,312 / year

Salary Range: $79,411 - $102,197

Bedford, IN

Able Health Plan Inc

$107,895 / year

Salary Range: $94,879 - $122,098

Cerritos, CA

Agtegra Cooperative

$79,405 / year

Salary Range: $69,826 - $89,857

Aberdeen, SD

Clear Choice Health Plans

$101,556 / year

Salary Range: $89,308 - $114,928

The Dalles, OR

Health Care Financing Adm

$105,332 / year

Salary Range: $92,625 - $119,195

Seattle, WA

Assurant Health

$94,447 / year

Salary Range: $83,067 - $106,867

Westwood, KS

Employee Reviews: Working at Masters Plan

Considering a career at Masters Plan? 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 workload is fair, and benefits are competitive. Management is supportive, and the team works well together. The benefits package is competitive, including wellness programs. The hybrid work policy is a major perk, allowing flexibility.

Commented in April 27, 2025

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It’s a stable job for those seeking consistency in the insurance field. Colleagues are collaborative, and the environment is motivating. Colleagues are easy to work with. My experience at this company has been decent. Recognition programs, career growth opportunities, and a positive culture make it a great workplace. Coworkers are professional and kind.

Commented in April 03, 2025

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Team meetings are productive, and feedback is always constructive. While innovation is steady, the company’s stability is a key advantage. The benefits package is robust, including wellness programs and retirement plans. The training programs are excellent, helping employees stay updated in the insurance field.

Commented in September 19, 2024

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Leadership is transparent about company goals, which fosters trust. There’s occasional bureaucracy, but it doesn’t hinder productivity. This company values its employees and invests in their growth. The insurance field is competitive, but the team works well together.

Commented in June 18, 2024

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The insurance products are well-regarded, which simplifies client interactions. The office atmosphere is friendly, and remote work flexibility is a big advantage. The work is challenging but rewarding, with clear performance metrics. Highly recommend for those seeking a stable yet engaging workplace.

Commented in January 06, 2024

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2

What Benefits Does Masters Plan Offer Beyond Salary?

A competitive compensation package is more than just a salary. Masters Plan 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 Jackson?

Understanding the cost of living near Jackson is key to truly evaluating a salary offer or your current compensation at Masters Plan.

Jackson's Cost of Living Index is approximately 78.4 (21.6% less expensive than US average; 8.8% less than MS average). State capital, very affordable housing. JATRAN. When planning your budget based on a salary from Masters Plan, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$800 - $1,200+	A significant portion of Masters Plan salary. Location choices impact this heavily.
Utilities (Basic)	$150 - $250	Electricity, Heating, Cooling, Water etc.
Public Transportation	$40 (JATRAN monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$360 - $540	Can be higher with more dining out or specialty stores.
Personal & Leisure	$300 - $580+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$350 - $640+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,000 - $3,210+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Masters Plan

1. What is the average salary for employees at Masters Plan?

The average annual total compensation for employees at Masters Plan is approximately $84,880. However, this is an aggregate figure, actual salaries can range significantly, typically from $74,646 to $96,064, depending on factors like job role, experience, and location.

2. How much does Masters Plan pay compared to Board.org LLC?

The average annual salary at Masters Plan is $84,880, or an hourly wage of $41, in comparison to Board.org LLC which pays $96,894 per year or $47 per hour.

3. How does having a professional certification impact salary for relevant roles at Masters Plan?

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

4. Does Masters Plan offer cost-of-living adjustments (COLA) for employees in high-cost areas like Jackson?

While some companies offer formal COLA, many, including potentially Masters Plan, 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 Masters Plan?

Most companies, likely including Masters Plan, 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.