Fara Benefit Services Inc Salary

Fara Benefit Services Inc Salary

How much does the Fara Benefit Services Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Fara Benefit Services Inc in the United States is $94,362. This translates to an approximate hourly wage of $45. Salaries at Fara Benefit Services Inc typically range from $82,994 to $106,745 annually, reflecting the diverse roles and experience levels within the company. Fara Benefit Services Inc’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 Fara Benefit Services Inc

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Is Fara Benefit Services Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Fara Benefit Services Inc’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)
Fara Benefit Services Inc
Insurance
Insurance Product Development Group LC
Missouri Department of Insurance
Industry Comparison
Our data shows that, on average, compensation at Fara Benefit Services Inc is below the average for the U.S. Insurance industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Fara Benefit Services Inc average annual salary with several similar companies. Fara Benefit Services Inc average salary of $94,362 is lower than Insurance Product Development Group LC, which has an average salary of $107,674. It is higher than Missouri Department of Insurance, with their average salary at $92,126. This places Fara Benefit Services Inc in a mid-range position among its peers.
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How Fara Benefit Services Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Fara Benefit Services Inc

Considering a career at Fara Benefit Services 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.
Overall, it’s a great workplace with plenty of opportunities for advancement. Flexible hours and remote options add to the job satisfaction. Colleagues are professional, and turnover is low. Office setup is functional but not flashy. This company stands out for its employee-centric approach.
Commented in April 25, 2025
27
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The insurance products are reputable, which helps in client interactions. The workload is consistent, and deadlines are realistic. The work-life balance is respected, with flexible scheduling options for those who need it. Leadership is approachable, and there’s a strong emphasis on teamwork.
Commented in April 16, 2025
8
2
The company offers good incentives and a healthy work environment. The company also emphasizes diversity and inclusion, making it a welcoming workplace. The company values innovation and encourages employees to share ideas. The company offers great learning opportunities and encourages skill development. This company offers a supportive environment for insurance professionals. Employee recognition...
Commented in March 11, 2025
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Strong company culture with growth opportunities. The office spaces are modern, and flexible scheduling is a big plus. While there’s room for growth, the pace can be gradual. The company has a positive and inclusive work culture.
Commented in October 03, 2024
34
2
The HR team organizes regular wellness programs, which adds to the positive work environment. Highly recommend for anyone in the insurance sector. Colleagues are friendly and always willing to help.
Commented in February 17, 2024
17
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Fara Benefit Services Inc Overview

Website
Data pending, update soon.
Founded In
2003
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
120 S Central Ave Clayton Missouri MO 63105
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Fara Benefit Services Inc
Fara Benefit Services Inc is a company that operates in the Insurance industry. It employs 21-50 people and has $10M-$25M of revenue. The company is headquartered in Clayton, Missouri.

What Benefits Does Fara Benefit Services Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Fara Benefit Services 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 Saint Louis?

Understanding the cost of living near Saint Louis is key to truly evaluating a salary offer or your current compensation at Fara Benefit Services Inc.
Saint Louis' Cost of Living Index is approximately 83.8 (16.2% less expensive than US average; 5.8% less than MO average). Major city, Gateway Arch, affordable housing, MetroLink/Bus. When planning your budget based on a salary from Fara Benefit Services Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of Fara Benefit Services Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $78 (Metro monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $680+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,208 - $3,548+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Fara Benefit Services Inc

1. What is the average salary for employees at Fara Benefit Services Inc?

The average annual total compensation for employees at Fara Benefit Services Inc is approximately $94,362. However, this is an aggregate figure, actual salaries can range significantly, typically from $82,994 to $106,745, depending on factors like job role, experience, and location.

2. How much does Fara Benefit Services Inc pay compared to Insurance Product Development Group LC?

The average annual salary at Fara Benefit Services Inc is $94,362, or an hourly wage of $45, in comparison to Insurance Product Development Group LC which pays $107,674 per year or $52 per hour.

3. How does having a professional certification impact salary for relevant roles at Fara Benefit Services Inc?

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 Fara Benefit Services Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Fara Benefit Services Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Saint Louis?

While some companies offer formal COLA, many, including potentially Fara Benefit Services Inc, 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 Fara Benefit Services Inc?

Most companies, likely including Fara Benefit Services Inc, 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.

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