Segal
Segal is an independent, employee-owned benefits, compensation, and HR consulting firm founded in 1939 and headquartered in New York, serving thousands of organizations across nine North American industry verticals via more than 1,100 employees and wholly-owned sub-brands for investment advisory, specialty insurance brokerage, and benefits communications.
- Company typePrivate
- Founded1939
- HeadquartersNew York, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Segal does
Segal, formally The Segal Group, Inc., is an independent, employee-owned benefits, compensation, and human resources consulting firm headquartered in New York and founded in 1939. The firm serves thousands of organizations across North America through more than 1,100 employees, organizing its offering into nine industry verticals including public sector, higher education, healthcare, multiemployer plans, AEC, professional services, sports, technology/media/telecom, and training funds. The company self-identifies as the number one multiemployer consultant by market share and reports high client retention, with multi-year engagements typical in benefits and retirement consulting.
Segal's service portfolio spans health benefits consulting, retirement plan consulting (defined benefit, defined contribution, and multiemployer pensions), compliance consulting, compensation and career strategies, benefit audits, financial well-being, organizational effectiveness, administration and technology consulting, and benefits communications. Specialized capability is delivered through three wholly-owned sub-brands: Segal Marco Advisors (a registered investment adviser providing investment consulting, advisory, and management services), Segal Select Insurance Services (specialty insurance brokerage for fiduciary liability, fidelity bonds, employment practices liability, and cyber liability), and Segal Benz (benefits communications). The firm also publishes annual Health Plan Cost Trend Surveys and offers a Cyber Advisor subscription service, plus a dedicated Artificial Intelligence consulting service line. Underlying technology consists of proprietary actuarial methodologies and consulting frameworks developed over 85+ years rather than a packaged software product.
The business model is professional services combined with insurance brokerage. Primary compensation for consulting includes negotiated flat fees covering specified services and periodic billings based on hourly time charges. Insurance placements generate commissions of 15-20% of premium for most coverage types (fiduciary liability, fidelity bonds, EPLI, cyber liability, D&O, E&O, BOP, auto, general liability, property) and 5-15% for workers' compensation and disability. The go-to-market is direct enterprise field sales via client relationship managers, RFP submissions, and ongoing client partnerships, supported by thought-leadership marketing across a 16,000+ subscriber newsletter, webinars, conferences, and annual industry surveys.
Segal firmographics
Firmographics- Name
- Segal
- Legal name
- The Segal Group, Inc.
- Website
- https://segalco.com
- Company type
- Private
- Founded year
- 1939
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Segal is an independent, employee-owned benefits, compensation, and HR consulting firm founded in 1939 and headquartered in New York, serving thousands of organizations across nine North American industry verticals via more than 1,100 employees and wholly-owned sub-brands for investment advisory, specialty insurance brokerage, and benefits communications.
- Ownership category
- akta.pro rank
Where Segal is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Segal business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Fee-for-Service Consulting: Primary compensation method including negotiated flat fees covering specified services and periodic billings based on hourly time charges.
- Insurance Brokerage Commissions: Base insurance commissions from placement of life, accident and health insurance benefits when Segal is appointed as broker of record. Commission rates are typically 15-20% of premium for most coverage types. Segal also receives supplemental payments from insurance carriers based on sales volume or policy persistency.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Fee-for-Service Consulting - Flat Fee |
| Other | Pay-as-you-go | Fee-for-Service Consulting - Hourly Billing |
| Transaction based/ take rate | Multi-year contract | Insurance Brokerage - Commission Based |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Segal product offering
Product offeringCore offering
Segal is a benefits, compensation and human resources consulting firm that delivers customized advisory services to organizations, including health benefits design, retirement plan consulting, compensation strategy, compliance, benefit audits, HR and benefits communications, organizational effectiveness, and insurance brokerage. Services are supported by wholly-owned sub-brands Segal Marco Advisors (investment consulting), Segal Select Insurance Services (specialty insurance brokerage) and Segal Benz (benefits communications).
Product overview
Segal is a leading benefits, compensation and human resources consulting firm organized as a multi-brand platform. The core consulting offerings include Health Benefits Consulting, Retirement Plan Consulting, Compliance Consulting, Compensation and Career Strategies, Financial Well-Being, Organizational Effectiveness, Benefit Audits, Administration and Technology Consulting, Benefits Communication, Insurance Brokerage, and Property and Casualty Insurance. The platform is supported by three primary sub-brands: Segal Marco Advisors (investment consulting and advisory services), Segal Select Insurance Services (specialized insurance brokerage for fiduciary liability, fidelity bonds, cyber liability and employment practices), and Segal Benz (benefits communication specialists). Segal also publishes annual Health Plan Cost Trend Surveys and offers a Cyber Advisor subscription service. The company operates as an independent, employee-owned firm with approximately 1,100 employees serving clients throughout North America since 1939.
Differentiator
Problem solved
Functional benefit
Brands
- Segal Marco Advisors: Investment solutions specialists providing investment consulting, advisory, and investment management services. A registered investment adviser wholly-owned by The Segal Group.
- Segal Benz
- Segal Select Insurance Services
Products and services
- Health Benefits Consulting Health benefits consulting including plan design, vendor selection, pharmacy benefits management and cost containment strategies for employer, multiemployer and public sector health plans.
- Retirement Plan Consulting Retirement plan consulting including defined benefit, defined contribution and multiemployer pension plan advisory services for organizations.
- Compliance Consulting Regulatory compliance consulting services for employee benefit plans including ERISA, ACA and other federal requirements.
- Compensation and Career Strategies Consulting services for compensation design, career development frameworks and workforce planning strategies for organizations.
- Benefit Audits Comprehensive audit services for employee benefit plans to ensure accuracy, compliance and cost-effectiveness, recovering funds for plan sponsors.
- Administration and Technology Consulting Consulting services for administration processes and technology implementation supporting employee benefit plan management.
- HR and Benefits Communications HR and benefits communications services to help organizations effectively communicate benefit programs to employees.
- Financial Well-Being Financial wellness programs and consulting to help employees achieve financial security and reduce money-related stress.
- Organizational Effectiveness Organizational development and effectiveness consulting to improve workplace performance and culture.
- Property and Casualty Insurance
Companies that use Segal
Customer profileNamed customers2 records
Segments9 records
Ideal customer profiles4 records
Segal technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Segal partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Segal Marco AdvisorscoreSegal Marco Advisors is a registered investment adviser wholly-owned by The Segal Group, offering investment consulting, advisory, and investment management services. This is an affiliated entity within the Segal family of companies rather than an external partnership.
- Segal Select Insurance ServicescoreSegal Select Insurance Services is a specialty insurance brokerage firm wholly-owned by The Segal Group, providing specialized insurance brokerage for fiduciary liability, fidelity bonds, employment practice liability, and cyber liability insurance.
- Segal BenzcoreSegal Benz is a benefits communication specialist within the Segal family of companies, providing HR and benefits communications services to clients.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Segal competitors and assessment
Company assessmentDirect peers
- Milliman: Actuarial and consulting firm with deep expertise in pension, health, and multiemployer plan consulting—directly overlapping Segal's retirement and benefits actuarial core services.
- Arthur J. Gallagher: Global insurance brokerage and risk management firm whose commercial brokerage and consulting practice overlaps with Segal Select Insurance Services across commercial P&C and specialty lines.
- Buck Global: HR and benefits consulting firm focused on mid-market and large employers, providing retirement, health, and actuarial consulting that directly competes with Segal's core HR/benefits practice.
- Mercer: A global consulting leader in health, wealth, and career advisory, directly competing with Segal across benefits consulting, retirement, and investment advisory for large employers and public-sector plans.
- Brown & Brown: Insurance brokerage and risk management consolidator whose commercial brokerage operations directly overlap with Segal Select Insurance Services on P&C and specialty coverage placements.
- Lockton: Largest independent insurance brokerage globally, directly competing with Segal Select in commercial insurance placement, particularly for specialty and fiduciary lines.
- Hub International: North American insurance brokerage with strong regional presence that competes with Segal Select on commercial property/casualty and employee benefits brokerage placements.
- Willis Towers Watson: Global advisory, broking, and solutions firm with a large benefits and talent consulting practice that competes head-to-head with Segal in retirement, health, and compensation consulting.
- Aon: Global professional services firm with a substantial Human Capital and Health & Benefits practice that directly competes with Segal for mid-to-large employer benefits, retirement, and risk advisory mandates.
Broad incumbents
- Marsh & McLennan: Parent of Mercer and Oliver Wyman, providing global risk, strategy, and people services—operates across Segal's entire benefits, retirement, and risk consulting space but at significantly larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Segal social profiles
Digital presenceSegal financial estimates
Financial estimateRevenue estimate
Valuation estimate
Segal leadership team
Management profileNumber of profiles
Profiles5 records
Segal subsidiaries and ownership
Company hierarchySubsidiaries7 records
Segal funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Segal M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Segal
What does Segal do?
Segal is a benefits, compensation and human resources consulting firm that delivers customized advisory services to organizations, including health benefits design, retirement plan consulting, compensation strategy, compliance, benefit audits, HR and benefits communications, organizational effectiveness, and insurance brokerage. Services are supported by wholly-owned sub-brands Segal Marco Advisors (investment consulting), Segal Select Insurance Services (specialty insurance brokerage) and Segal Benz (benefits communications).
Is Segal a public or private company?
Segal is a private company. It is classified as management employee owned and is currently operating.
When was Segal founded?
Segal was founded in 1939. It employs 1,001 to 5,000 people.
Where is Segal based?
Segal is headquartered in New York, United States, in the North America region.
How does Segal make money?
Two revenue lines are on record. Fee-for-Service Consulting is the primary driver. The others are insurance Brokerage Commissions.
Who are Segal's main competitors?
Direct peers on record are Milliman, Arthur J. Gallagher, Buck Global, Mercer, Brown & Brown, Lockton, Hub International, Willis Towers Watson and Aon. Marsh & McLennan is listed as a broad incumbent.
Does Segal have an API?
No public API is recorded for Segal.