TEAM Risk Management Strategies

What TEAM Risk Management Strategies does

TEAM Risk Management Strategies, LLC is a privately held California LLC founded in 2003 and headquartered in San Diego. The company operates as a W-2 Employer of Record purpose-built for household employment, managing payroll processing, tax withholding and filing, benefits administration, workers' compensation, general liability, employment practices liability insurance (EPLI), and HR compliance for nannies, caregivers, housekeepers, and personal assistants. Its core technology is the EOR infrastructure itself, which spans all 50 states including city and county-level employment ordinances, supported by a 99.9% payroll processing accuracy rate and a dedicated multilingual service team. The company explicitly differentiates itself as the only solution purpose-built exclusively for household employment, positioning compliance and employer-liability assumption as central value drivers rather than payroll software alone.

TEAM serves two distinct customer segments through separate product lines. The Trust-Paid Employees Service targets fiduciaries, trust companies, banks, and financial advisors whose clients employ household service providers paid from trust or guardianship accounts; the Private Family Services line targets family offices and affluent families with domestic staff. The GTM motion is B2B2C-led: TEAM builds enterprise partnerships with banks, trust companies, and family offices (450+ financial institution relationships, including logos such as Northern Trust, Truist, City National, Cadence, Wells Fargo, and Comerica), which then refer their client families. Revenue is generated through recurring subscription-style fees tied to payroll volume and scope of services, with multi-year contracts typical on the institutional side. The company reports managing 6,500+ household employees across 4,000+ families, supported by 51-100 internal employees.

The business is bootstrapped with no disclosed funding rounds, no parent company, and no identifiable PE/VC sponsorship, suggesting founder/management ownership. Strategic emphasis is on niche dominance through regulatory expertise and switching costs rather than technology disruption or scale plays; no AI/ML capabilities, APIs, or platform extensions are described. Recent positioning has focused on content marketing (educational blog, webinars led by Chief Customer Officer Cheryl Severson), case-study publishing, and conference presence at events like the Heckerling Institute on Estate Planning to deepen institutional referral channels.

Name

TEAM Risk Management Strategies

Legal name

TEAM Risk Management Strategies, LLC

Website

https://teamemployer.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

TEAM Risk Management Strategies provides outsourced payroll and HR services as a W-2 Employer of Record for household employees. It serves fiduciaries, trust companies, banks, and family offices, managing payroll, taxes, insurance, and compliance for nannies, caregivers, and domestic staff across the U.S.

Ownership category

akta.pro rank

Product category

Outsourced Household Employment Services

NAICS

Professional Employer Organizations (561330), Professional Employer Organizations (56133), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Services-Employment Agencies (7361), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Co-Employment Risk Management & Insurance (Workers’ Comp, Liability) (BPACAGAH)

akta.pro secondary industries

HR Policy, Governance, Compliance & Risk Advisory (BPACAJAF), Managed Workers’ Compensation (Loss Control, Claims & Return-to-Work Programs) (FSAJAEAH)

Keywords

• Household payroll services
• Employer of record
• Household employment compliance
• Outsourced HR services
• Domestic staff payroll

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Outsourced Payroll & HR Services: TEAM charges fees for comprehensive payroll processing, tax preparation/filing, HR administration, and employment compliance management for household employees. Revenue is generated through service fees typically structured as a percentage of payroll or flat monthly fees. The Employer of Record model provides recurring revenue as employment relationships continue over time.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

TEAM Risk Management Strategies acts as the W-2 Employer of Record for household employees (nannies, caregivers, housekeepers, personal assistants), handling payroll processing, tax withholding and quarterly/annual filings, HR administration, workers' compensation and liability insurance, benefits administration, and employment compliance for trust-paid and private household staff. The firm serves both fiduciary institutions that pay caregivers from trust accounts and family offices/affluent families employing domestic staff across all 50 states.

Product overview

TEAM Risk Management Strategies offers an integrated suite of outsourced payroll and human resources services specifically designed for household employment. The core offering consists of two service lines: Trust-Paid Employees Service for fiduciaries and trust companies, and Private Family Services for family offices and private households. These are supported by five operational modules—Payroll & Tax Management, Employment Risk Protection, HR Guidance and Expertise, Dedicated Service Team, and Benefits Administration—that together provide end-to-end employment administration, tax compliance, insurance coverage, and HR support for household staff such as nannies, caregivers, housekeepers, and personal assistants. The company acts as the W-2 employer of record, allowing clients to select and manage their household employees while outsourcing all administrative burden and employer liability.

Differentiator

Problem solved

Functional benefit

Brands

• Trust-Paid Employees: Service for fiduciaries whose clients pay service providers from a trust
• Private Family Services

Products and services

• Trust-Paid Employees Service

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Northern TrustcoreStrategic or Co-development PartnerNorthern Trust partnered with TEAM to transfer employment of 350+ guardianship caregivers to TEAM as W-2 employer of record. This partnership began in 2015 after Northern Trust's National Practice Leader for Trust Services recognized compliance risks in managing household employees paid from trust accounts. TEAM handles payroll processing, HR support, benefits (including 401k), and ongoing employment compliance, allowing Northern Trust's trust officers to focus on fiduciary responsibilities.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Care.com HomePay: Care.com HomePay (acquired from Breedlove) provides household payroll tax, HR, and insurance services to families employing nannies, caregivers, and senior care providers. Directly comparable to TEAM's Private Family Services offering in W-2 household payroll and tax administration.
• GTM Payroll Services: GTM Payroll Services specializes in household payroll and employment tax services for families employing nannies, housekeepers, and other domestic staff. Direct competitor to TEAM in the niche household employment payroll and HR market.
• SurePayroll: SurePayroll, now owned by Paychex, offers online payroll specifically designed for small businesses and households. Directly comparable small/micro payroll processing for household employers.
• Poppins Payroll: Poppins Payroll is a household employment payroll and HR service focused on nanny and domestic employer tax compliance. Direct niche competitor handling W-2 employment for household staff.
• HomeWork Solutions: HomeWork Solutions provides household employer payroll tax preparation, HR, and workers' compensation services for families employing nannies, housekeepers, and caregivers. Direct competitor in household employment compliance and payroll.

Broad incumbents

• ADP TotalSource: ADP TotalSource is one of the largest US PEOs providing co-employment, payroll, benefits, and HR services to small and mid-market businesses. Represents the broad incumbent threat that could leverage scale to enter the household employment niche.
• Insperity: Insperity is a large US PEO offering workforce solutions including payroll, benefits, and HR outsourcing to SMBs. A broad incumbent whose scale and HR technology could be repurposed to serve the household employment market.
• Justworks: Justworks is a tech-enabled PEO providing payroll, benefits, compliance, and HR support to small and mid-sized businesses. Broad incumbent with modern platform that could enter the household employment vertical.
• Paychex PEO: Paychex is a major payroll and HR solutions provider with a PEO offering that bundles employment administration, benefits, and compliance for SMBs. Broad incumbent with household payroll exposure through SurePayroll.

Emerging players

• Deel: Deel is a global Employer of Record and contractor management platform primarily focused on international hiring. While focused on cross-border employment, its EOR capabilities and capital base make it an emerging adjacent threat in domestic household employment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/team-risk-management-strategies

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TEAM Risk Management Strategies