LBMC Employment Partners

What LBMC Employment Partners does

LBMC Employment Partners is a Professional Employer Organization (PEO) headquartered in Brentwood, Tennessee, founded in 1998 as part of the LBMC family of companies. The company operates a co-employment PEO model in which it becomes the employer of record for tax and insurance purposes while clients retain operational control, providing payroll processing, benefits administration, HR support, workers' compensation, and compliance services. Its core client base is small to mid-size businesses (typically 10–500 employees), with named segments spanning healthcare providers, multi-unit operators and franchises, construction/manufacturing/field services, professional services firms, nonprofits, and startups. The company distinguishes itself as the first IRS-certified PEO (CPEO) in Tennessee—a credential held by only ~7% of U.S. PEOs—and extends national reach to clients with employees in 48 states from five physical offices across Tennessee, Georgia, and Virginia/DC Metro.

The service portfolio is structured around four core offerings: PEO (full co-employment bundle), HRO (unbundled HR outsourcing), Payroll Services (standalone processing and tax filing), and Benefits Brokering. A separate sub-brand, Physician Solutions, LP, delivers a partnership-model PEO specifically for independent physicians and healthcare contractors. Service delivery runs on UKG Ready (Human Capital Management platform), providing clients with a customizable, single sign-on HR dashboard that integrates onboarding, payroll, benefits, performance management, time and labor management, and applicant tracking. Pricing is quote-based and recurring (typically monthly), with fees scaled to employee count and service scope; no public pricing tiers are published.

The go-to-market motion is consultative and relationship-driven: dedicated HR Business Partners and Payroll Specialists (rather than ticketing systems) manage the full client lifecycle, with named specialists by market. Demand generation relies on a content-driven Resource Center, monthly newsletter, social presence, client spotlights/case studies, and a formalized referral program paying $50 per referred employee (up to $5,000 per client). The company reports 94% client retention and references industry research showing PEO clients are 50% less likely to go out of business and achieve 10–14% lower employee turnover. LBMC Employment Partners is privately held with no disclosed external funding or parent company, led by CEO Eric Foodim, CRO Daryl Sisk, VP Client Services Jesse Aanestad, and CFO Steve O'Brien.

Name

LBMC Employment Partners

Legal name

LBMC Employment Partners

Website

https://lbmcep.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

LBMC Employment Partners is a Brentwood, Tennessee-based Professional Employer Organization providing payroll, benefits administration, HR support, workers' compensation, and compliance services to small and mid-size businesses, with reach into 48 states.

Ownership category

akta.pro rank

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. PEO (Professional Employer Organization) Services: Co-employment PEO arrangement covering payroll, benefits administration, HR support, workers' compensation, and compliance. Revenue is generated through service fees bundled into the co-employment arrangement, with the PEO as employer of record for tax and insurance purposes.
2. HRO (Human Resource Outsourcing): Unbundled, a la carte HR services including payroll processing, HR consulting, and benefits administration. Clients pay for specific services tailored to their needs and budget.
3. Payroll Services: Standalone payroll processing, payroll tax filing, and compliance services. The first IRS-certified PEO in Tennessee, providing payroll tax administration with federal oversight and liability coverage.
4. Benefits Brokering: Strategic benefits brokerage services providing access to customized employee benefits through carrier partnerships. Revenue derived from brokerage commissions on employee benefit plans placed for client companies.
5. Physician Solutions, LP: A specialized PEO solution for independent physicians and healthcare contractors, providing health insurance and benefits through a partnership model where contractors become partners in Physician Solutions, LP.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

LBMC Employment Partners is a Professional Employer Organization (PEO) and Human Resources Outsourcing (HRO) provider that delivers co-employment, payroll processing, benefits brokering/administration, HR consulting, workers' compensation, and compliance support to employer clients. Its services are delivered primarily through the UKG Ready HCM technology platform and are targeted at small and mid-sized businesses across 48 U.S. states.

Product overview

LBMC Employment Partners is a PEO-first company offering a suite of integrated HR solutions. The core offerings include PEO services (co-employment model), HRO (unbundled HR outsourcing), Payroll Services, and Benefits Brokering. A separate sub-brand, Physician Solutions, LP, serves healthcare professionals. The company operates its UKG-powered HR Dashboard as the central technology platform, bundling onboarding, payroll, benefits, and performance management into a single customizable interface with integrated applicant tracking.

Differentiator

Problem solved

Functional benefit

Brands

• Physician Solutions, LP: A PEO solution specifically designed for physicians and healthcare professionals to access affordable health insurance and benefits through a professional employer organization structure.

Products and services

• Professional Employer Organization (PEO) Services Co-employment PEO services bundling payroll, benefits, HR, workers' compensation, and compliance under a single IRS-certified PEO relationship for small and mid-sized employer clients.
• Human Resources Outsourcing (HRO) Outsourced HR administration including policy development, employee handbook support, HR compliance, and ongoing HR advisory for employers that need HR expertise without in-house staff.
• Payroll Services Payroll processing, tax filing, direct deposit, time-and-attendance, and related payroll administration delivered through the UKG Ready HCM platform for employer clients.
• Benefits Brokering and Administration Employee benefits brokerage and administration, including medical, dental, vision, retirement, and ancillary benefits sourcing and ongoing administration for client employers.
• Physician Solutions, LP Healthcare-specialized HR outsourcing, payroll, staffing, credentialing, and PEO-style services for physician practices and small medical groups, delivered under the Physician Solutions, LP sub-brand.

Quantifiable outcome

• 27% return on investment through cost savings for PEO users (per NAPEO research cited by the company)
• +7 more outcomes

Named customers11 records

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Physician Solutions, LPcoreStrategic or Co-development PartnerPhysician Solutions, LP is a specialized PEO entity through which independent physicians and healthcare contractors access group-level employee benefits. LBMC Employment Partners provides the underlying PEO infrastructure while Physician Solutions, LP serves as the legal employment platform. Independent contractors become partners in Physician Solutions, LP through a capital contribution, enabling access to health, dental, vision, and other benefits. The relationship involves co-developed benefit plans and a shared enrollment and support process.
• BBayminorOthersBBay is a benefit provider partner within the Physician Solutions network, offering health insurance products to independent physician contractors.
• MetLifeminorOthersMetLife is a benefit provider partner within the Physician Solutions network, offering dental, vision, and other insurance products to independent physician contractors.
• ThrivePassminorOthersThrivePass is a benefit provider partner within the Physician Solutions network, offering lifestyle and supplemental benefit products to independent physician contractors.
• UKG (Ultimate Kronos Group)coreTechnology or IntegrationLBMC Employment Partners delivers its HR technology platform using UKG Ready (and UKG Pro), providing clients with a customizable all-in-one HR dashboard including payroll, benefits, onboarding, time and labor management, and performance tools. UKG serves as the core technology infrastructure underpinning the company's PEO service delivery.

Scale indicators7 records

Recent moves1 record

Expansion highlights6 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xx.com/LBMCEP
• Facebookfacebook.com/LBMCEP

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

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 LBMC Employment Partners