Summit Group 401 Salary
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Current Job Openings at Summit Group 401
Is Summit Group 401’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| WR Hall Insurance Group LLC | $84,416 |
-1.2%
|
Indicates identical technical requirements and experience levels between the two firms. |
| Relyance Insurance Services | $99,858 |
+16.8%
|
Reflects a supply-demand imbalance for the specific talent Relyance Insurance Services targets. |
| Complete Actuarial Solutions Co | $101,018 |
+18.2%
|
Reflects structural premiums typical of Complete Actuarial Solutions Co's large-cap national operations. |
| AEN Property Services | $100,185 |
+17.2%
|
Data suggests AEN Property Services's workforce skews heavily towards veteran, high-tenure roles. |
| Insurance Industry | $123,858 |
+44.9%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Summit Group 401's Salaries Compare to Similar Companies?
WR Hall Insurance Group LLC
$84,416 / year
Salary Range: $74,270 - $95,442
Warsaw, IN
Relyance Insurance Services
$99,858 / year
Salary Range: $87,860 - $112,903
Warrenton, VA
Complete Actuarial Solutions Co
$101,018 / year
Salary Range: $88,877 - $114,220
Mc Lean, VA
AEN Property Services
$100,185 / year
Salary Range: $88,153 - $113,281
Reston, VA
Blue Ridge Insurance Services Inc
$82,865 / year
Salary Range: $72,905 - $93,698
Harrisonburg, VA
Virginia Group Benefit & Insurance Consultants Inc
$89,932 / year
Salary Range: $79,127 - $101,685
Richmond, VA
TransInsurers
$90,818 / year
Salary Range: $79,906 - $102,685
Midlothian, VA
Academy Insurance Agency
$101,567 / year
Salary Range: $89,363 - $114,842
Leesburg, VA
Wachovia Insurance
$101,261 / year
Salary Range: $89,088 - $114,489
Mc Lean, VA
Employee Reviews: Working at Summit Group 401
Summit Group 401 Overview
What Benefits Does Summit Group 401 Offer Beyond Salary?
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What Is the Cost of Living Near Virginia Beach?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,300 - $1,900+ | A significant portion of Summit Group 401 salary. Location choices impact this heavily. |
| Utilities (Basic) | $140 - $230 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $70 (HRT monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $410 - $600 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $400 - $730+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $380 - $700+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,600 - $4,160+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Summit Group 401
1. What is the typical salary range (low to high) for most roles at Summit Group 401?
The typical annual salary range for most roles at Summit Group 401 is approximately from $75,196 to $96,637. 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 Summit Group 401 pay compared to WR Hall Insurance Group LLC?
The average annual salary at Summit Group 401 is $85,470, or an hourly wage of $41, in comparison to WR Hall Insurance Group LLC which pays $84,416 per year or $41 per hour.
3. How does experience level affect salary at Summit Group 401?
Experience level is a significant factor in determining salary at Summit Group 401, 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.
4. How can I determine if a salary offer from Summit Group 401 in Virginia Beach is fair given the local cost of living?
To determine if a salary offer from Summit Group 401 in Virginia Beach is fair, first compare the gross salary to our data for similar roles at Summit Group 401 and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Virginia Beach" to understand its purchasing power.
5. What are the key factors that influence salary levels at Summit Group 401?
Several key factors influence salary levels at Summit Group 401. 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: Summit Group 401 likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.
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