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Benefit Funds Salary

Benefit Funds Salary

How much does the Benefit Funds Pay for employees?

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As of October 2026, the average monthly salary for employees at Benefit Funds in the United States is $9,070. This translates to an approximate annual wage of $108,845. Salaries at Benefit Funds typically range from $7,971 to $10,273 monthly, reflecting the diverse roles and experience levels within the company. Benefit Funds’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Benefit Funds

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

Is Benefit Funds’s Pay Competitive? Salary Benchmarking Analysis

How does Benefit Funds’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Benefit Funds
Insurance
Fidelity National Home Warranty
Nyslrs
Industry Comparison
Our data shows that, on average, compensation at Benefit Funds is below the average for the U.S. Insurance industry by approximately 12%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Benefit Funds average annual salary with several similar companies. Benefit Funds average salary of $108,845 is lower than Fidelity National Home Warranty, which has an average salary of $129,529. It is lower than Nyslrs, with their average salary at $110,364. This places Benefit Funds in a developing position among its peers.
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How Benefit Funds's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Benefit Funds

Considering a career at Benefit Funds? 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 leadership team is approachable and values employee feedback. Joining this insurance company was a great career move. Work-life balance is prioritized, making it an excellent place to build a career. Compensation is fair, with standard raises based on performance reviews. The insurance products are reputable, and client interactions are straightforward. A great environment for ambitious profes...
Commented in April 27, 2025
42
3
Employees are encouraged to share ideas, and leadership listens. Workload is manageable. Processes are efficient but predictable. The insurance industry is ever-changing, but the team adapts well.
Commented in April 01, 2025
25
0
The culture is collaborative, and leadership genuinely cares about employee growth. The organization maintains a professional and structured work environment. With thousands of employees, there’s diversity in teams, which enhances creativity. This insurance company excels in employee satisfaction. While there aren’t many flashy perks, the job security and steady environment are positives.
Commented in July 10, 2024
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This company fosters a supportive culture where employees feel valued. Salaries are competitive, and there are clear paths for advancement. This company provides a stable work environment in the insurance sector.
Commented in June 06, 2024
29
1
Management is supportive, and teamwork is a core value. The team is competent, though cross-department communication could improve. Management is fair, and workloads are balanced. Fast-growing company with clear career progression. While not the most dynamic, it’s a dependable workplace.
Commented in February 08, 2024
46
2

Benefit Funds Overview

Website
www.ibew697benefits.com
Founded In
Data pending, update soon.
Employees
500 - 1,000 employees
Industry
Insurance
Headquarter Address
7200 Mississippi St Merrillville Indiana IN 46410
Revenue
$50 Million - $200 Million
Phone Number
+1 2199406181
Social Media
About Benefit Funds
Benefit Funds of the I.B.E.W. Local 697 All the information regarding your Annuity, Healthcare, Pension, Plan P and S.U.B. Fund benefit plans. Why are the Benefit Funds writing about liminality, you ask? Because we are letting go of the old site and replacing it with the new site, albeit, a site that we are still tweaking. Make no mistake, this website contains all the information, forms and links

What Benefits Does Benefit Funds Offer Beyond Salary?

A competitive compensation package is more than just a salary. Benefit Funds 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 Gary?

Understanding the cost of living near Gary is key to truly evaluating a salary offer or your current compensation at Benefit Funds.
Gary's Cost of Living Index is approximately 73.5 (26.5% less expensive than US average; 18.9% less than IN average). NW IN city, facing economic challenges, extremely affordable housing. GPTC, South Shore Line rail. When planning your budget based on a salary from Benefit Funds, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $600 - $950+ A significant portion of Benefit Funds salary. Location choices impact this heavily.
Utilities (Basic) $170 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation GPTC/South Shore (varies) 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 $250 - $500+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $330 - $620+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,750 - $2,860+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Benefit Funds

1. How much does a Benefit Funds employee make?

Benefit Funds pays its employees an average of $108,845 per year. The average salary at Benefit Funds range from $95,649 to $123,280 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 Benefit Funds?

The salary at Benefit Funds is lesser than the similar company. The average annual salary at Benefit Funds is $108,845, or an hourly wage of $52, in comparison to Fidelity National Home Warranty which pays $129,529 per year or $62 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Benefit Funds?

In many roles at Benefit Funds, 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.

4. How does the cost of living near Gary affect the perceived value of a Benefit Funds salary?

Gary's Cost of Living Index is approximately 73.5 (26.5% less expensive than US average; 18.9% less than IN average). This significantly impacts the purchasing power of a salary from Benefit Funds based there. Our "Cost of Living Insights for Gary" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Benefit Funds typically offer employees?

Benefit Funds 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 Benefit Funds" section on this page.

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