Phil Thompson and Associates Salary

Phil Thompson and Associates Salary

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As of August 2026, the average annual salary for employees at Phil Thompson and Associates in the United States is $77,760. This translates to an approximate hourly wage of $37. Salaries at Phil Thompson and Associates typically range from $68,415 to $87,918 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Phil Thompson and Associates Pay for Different Roles?

Explore detailed salary information for specific jobs at Phil Thompson and Associates. Based on our data, the highest paying job is the Crop Insurance Agent, with an annual salary of $75,664. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Phil Thompson and Associates

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

Is Phil Thompson and Associates’s Pay Competitive? Salary Benchmarking Analysis

How does Phil Thompson and Associates'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
Proseguros Insurance & Ayuda Latina $83,930
+7.9%
Influenced by prevailing union wage agreements specific to Proseguros Insurance & Ayuda Latina's sector.
WarrCloud Inc $84,901
+9.2%
Supported by WarrCloud Inc's high-margin contracts allowing higher overhead.
Hcc Insurance Co $87,801
+12.9%
Adjusted for higher cost-of-living indices in Hcc Insurance Co's primary metro hubs.
Jason Bryant State Farm Agency $88,160
+13.4%
Reflects a supply-demand imbalance for the specific talent Jason Bryant State Farm Agency targets.
Insurance Industry $123,858
+59.3%
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 Phil Thompson and Associates's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Phil Thompson and Associates

Considering a career at Phil Thompson and Associates? 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.
Managers are attentive and provide clear direction, making it easy to meet objectives. The office culture is inclusive, and hybrid work options are a plus. Benefits are competitive, and there are regular opportunities for skill-building. It’s a fantastic place for insurance professionals looking for growth and stability.
Commented in March 04, 2025
21
1
The company culture is supportive, and employees are treated with respect. The office environment is collaborative, making it easy to ask for help when needed. Work-life balance is respected, and the benefits package is comprehensive.
Commented in December 18, 2024
11
3
Flexible hours are a great perk. The insurance work is demanding, but the company provides excellent tools and training. Benefits align with industry standards, and management is accessible.
Commented in November 27, 2024
28
3

Phil Thompson and Associates Overview

Website
www.philthompsonandassociates.com
Founded In
1989
Employees
<25 employees
Industry
Insurance
Headquarter Address
528 Strander Ave Crookston Minnesota MN 56716
Revenue
<$5 Million
Phone Number
+1 2182812363
Social Media
About Phil Thompson and Associates
Since 1989, Phil Thompson & Associates has been one of the leading crop and farm insurance agencies for agricultural operations throughout Minnesota, as well as a bevy of critical financial services, including bookkeeping, tax planning and preparation, and payroll. Our accountants take pride in offering affordable, high-quality service with an emphasis on maintaining strong relationships with our

What Benefits Does Phil Thompson and Associates Offer Beyond Salary?

A competitive compensation package is more than just a salary. Phil Thompson and Associates 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Phil Thompson and Associates.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Phil Thompson and Associates, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Phil Thompson and Associates salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Phil Thompson and Associates

1. How much does a Phil Thompson and Associates employee make?

Phil Thompson and Associates pays its employees an average of $77,760 per year. The average salary at Phil Thompson and Associates range from $68,415 to $87,918 per year. 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. Which similar company tend to pay more or less than Phil Thompson and Associates?

The salary at Phil Thompson and Associates is lesser than the similar company. The average annual salary at Phil Thompson and Associates is $77,760, or an hourly wage of $37, in comparison to Proseguros Insurance & Ayuda Latina which pays $83,930 per year or $40 per hour.

3. How much does a Crop Insurance Agent typically earn at Phil Thompson and Associates?

A Crop Insurance Agent at Phil Thompson and Associates typically earns an average annual base salary of around $75,664, with a general range of $62,963 to $81,919.

4. Do employees with advanced degrees (Master's, PhD) earn more at Phil Thompson and Associates?

In many roles at Phil Thompson and Associates, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Minneapolis affect the perceived value of a Phil Thompson and Associates salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Phil Thompson and Associates based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Phil Thompson and Associates typically offer employees?

Phil Thompson and Associates generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Phil Thompson and Associates" section on this page.

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