Spherica
Spherica is a family-owned benefits brokerage and risk management consultancy founded in 2001, serving mid-to-large U.S. employers with multi-year tactical benefits administration, HR advisory, captive program management, and technology services across eight regional offices.
- Company typePrivate
- Founded2001
- HeadquartersSouth Jordan, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Spherica does
Spherica is a privately-held, family-owned employee benefits and risk management firm founded in 2001 by Dan and Sandy Dearden and headquartered in South Jordan, Utah. The company operates across eight U.S. regional offices (Salt Lake City, Billings, Oklahoma City, Scottsdale, Las Vegas, Dallas, Idaho Falls) and serves mid-to-large employers with 50+ full-time eligible employees, functioning as an insurance brokerage and benefits consultancy that also extends into individual consumer financial services and managed IT/cybersecurity.
The firm's core offering is its 'Tactical Benefits Administration' service, a multi-year, data-driven benefits strategy anchored by a ParetoHealth captive insurance affiliation that delivers Fortune 500-scale purchasing leverage to mid-market clients. Underlying technology and service components include the Employee Navigator HRIS/benefits administration platform (provided to all clients at zero cost), a credentialed HR Hotline staffed by SPHR/PHR/SHRM-CP/SHRM-SCP/CEBS advisors, a COUNSEL HR partnership with White Label Advisors, AI-based data analysis and predictive modeling for cost containment, and bundled cyber security and managed IT services. Spherica has built operational scale covering 810,000 lives, $1B+ in stop-loss premiums managed, 2,300+ captive members enrolled, and 6,500+ completed renewals.
Revenue is generated through four streams: recurring insurance and benefits brokerage commissions, captive program consulting and administrative fees, professional services for commercial risk management, and managed technology/IT services. Distribution is consultant-led enterprise field sales targeting HR leaders, CFOs, and business owners, with the firm operating as a multi-generational family enterprise (three generations of the Dearden family active) and no external institutional investors or venture capital backing disclosed.
Spherica firmographics
Firmographics- Name
- Spherica
- Legal name
- Spherica
- Website
- https://sphericasolutions.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Spherica is a family-owned benefits brokerage and risk management consultancy founded in 2001, serving mid-to-large U.S. employers with multi-year tactical benefits administration, HR advisory, captive program management, and technology services across eight regional offices.
- Ownership category
- akta.pro rank
Spherica industry classification
Industry- Product category
- Employee Benefits Administration and Risk Management
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Direct Health and Medical Insurance Carriers (524114), Health and Welfare Funds (52512), Health and Welfare Funds (525120)
- SIC
- Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Benefits Administration & Total Rewards Outsourcing (BPACAKAE)
- akta.pro secondary industry
- Benefits Administration & Enrollment Support (BPAAAIAB)
Keywords
Where Spherica is headquartered
LocationHeadquarters
- HQ city
- South Jordan
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Spherica business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Insurance and Benefits Brokerage Commissions: Spherica acts as an insurance broker/consultant earning commissions from insurance carriers and benefits vendors across multiple market segments including healthcare, pharmacy, dental, vision, life, and voluntary benefits.
- Risk Management Consulting: Professional consulting services covering risk identification, assessment, mitigation, and monitoring across financial, operational, strategic, and regulatory risk categories. Services include general liability, commercial property, cyber liability, workers compensation, and more.
- Technology Services: IT services including cyber security solutions, contracted IT solutions, network/server design and management, hosted telephone systems, Exchange and backup solutions. Offered to small and medium-sized organizations as a full-service IT provider.
- Captive Services: ParetoHealth affiliation positions qualifying clients as members of a healthcare captive, providing Spherica with consulting and administrative revenue from captive program management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Core Benefits Administration — included with Spherica benefits consulting |
| Other | Annual | IT/Technology Services — contracted pricing |
| Other | Pay-as-you-go | Individual Health Plans and Financial Services — quote-based |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Spherica product offering
Product offeringCore offering
Spherica delivers tactical employee benefits administration, insurance brokerage, human resources consulting, risk management, and managed technology services to mid-to-large employers. Its core benefits administration practice combines discovery, mapping, and execution methodologies with self-funded, level-funded, fully insured, and ParetoHealth captive health plan options, integrated HRIS (Employee Navigator) and HR Hotline advisory support, and data-driven cost-containment analytics across 810,000+ covered lives.
Product overview
Spherica is an employee benefits and risk management company offering a comprehensive suite of services designed to help organizations manage benefits, human resources, technology, and financial planning. The core offerings include Tactical Benefits Administration (strategic consulting with discovery, mapping, and execution phases), Employee Benefits (healthcare, dental, vision, disability, life insurance, and voluntary benefits), Human Resources Services (recruitment, performance management, compliance, payroll), Risk Management, Technology Services (IT, cyber security, AI-powered analytics), and Financial & Individual Services. The platform includes Employee Navigator (benefits administration and HRIS platform provided at no cost), COUNSEL HR (consulting partnership with White Label Advisors), and HR Hotline (access to credentialed HR experts). Spherica operates as a unified services company rather than a software product vendor, integrating multiple service modules to deliver comprehensive benefits and HR solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Tactical Benefits Administration Strategic benefits administration service combining discovery, mapping, and execution processes for mid-to-large employers, covering self-funded, level-funded, captive, and fully insured options, along with pharmacy benefits management, claims analysis, functional health, data analysis, and underwriting.
- Employee Benefits Comprehensive employee benefits package delivered to employer clients, including healthcare plans (fully insured, level funded, partially self-funded, and captive), dental, vision, disability, group life insurance, retirement/401k services, and voluntary benefits.
- Human Resources Services HR consulting services covering recruitment and selection, performance management, learning and development, succession planning, compensation and benefits, HRIS, HR data and analytics, compliance, payroll, executive search, and COUNSEL HR partnership.
- Risk Management Risk identification, assessment, and mitigation services for commercial clients across general liability, commercial property, commercial auto, professional liability, business income insurance, cyber liability, directors and officers, workers compensation, and business valuation.
- Technology Services Full-service managed technology provider for small and medium-sized organizations offering cyber security solutions, IT services, network and server design and management, hosted telephone systems, Microsoft Office 365, and AI-powered data analysis and predictive modeling.
- Financial & Individual Services Individual financial planning and personal insurance services including ACA health plans, marketplace navigation, tax credit evaluation, individual life insurance, estate planning, and personal lines (auto, homeowners, umbrella, renters, motorcycle, boat, RV).
Quantifiable outcome
- 2,300+ captive members enrolled in Spherica's programs
- +3 more outcomes
Companies that use Spherica
Customer profileSegments4 records
Ideal customer profiles4 records
Spherica technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability2 records
Feature4 records
Spherica partnerships and signals
Strategic signalPartnerships
22 partnerships are on record, tiered core and minor.
- ParetoHealthcoreParetoHealth is Spherica's core captive services partner, enabling qualifying clients to join the strongest healthcare captive in the industry. This affiliation provides purchasing leverage equivalent to that of a Fortune 500 company, forming the centerpiece of Spherica's tactical benefits administration offering.
- Garnet CaptiveminorSecondary captive services partner listed alongside ParetoHealth for captive insurance program options.
- UMRcoreBenefits administrator and third-party administrator (TPA) partner providing claims processing, administration, and plan management services for self-funded employer plans.
- Meritain HealthcoreThird-party administrator partner for self-funded benefits administration and claims processing.
- SmithRxcorePharmacy Benefits Manager (PBM) partner providing prescription drug benefit management and cost containment solutions.
- CVS HealthcoreMajor PBM partner providing pharmacy benefits management and prescription drug cost containment.
- Sun LifecoreStop-loss insurance partner providing excess loss coverage for self-funded employer health plans.
- Tokio Marine HCCcoreStop-loss insurance partner providing medical stop-loss coverage for self-funded plans.
- Swiss RecoreStop-loss insurance partner providing reinsurance and excess loss coverage for self-funded employer plans.
- SelectHealthcoreFully insured health plan carrier partner offering fully insured healthcare coverage options.
- UnitedHealthcarecoreMajor fully insured health plan carrier partner providing comprehensive health insurance products.
- RegencecoreBlue Cross Blue Shield affiliate partner providing fully insured health coverage.
- Blue Cross Blue ShieldcoreNational fully insured health plan carrier providing comprehensive medical coverage.
- MotivHealthminorLevel funded health plan carrier partner offering alternative funding arrangement options.
- All SaversminorLevel funded carrier partner providing alternative health plan funding options.
- AetnacoreLevel funded and fully insured health plan carrier partner offering broad market coverage.
- Principal FinancialcoreDental, vision, group life, and voluntary benefits carrier partner providing comprehensive supplemental insurance products.
- EquitablecoreLife insurance and financial services carrier partner for individual and group coverage.
- HartfordcoreGroup life, dental, vision, and voluntary benefits carrier partner.
- MetLifecoreDental, vision, group life, and voluntary benefits carrier partner offering broad supplemental insurance coverage.
- White Label AdvisorscoreStrategic partnership for the COUNSEL HR service, combining White Label Advisors' human resources consulting expertise with Spherica's benefits administration platform to deliver comprehensive HR counsel to clients through the HR Hotline and COUNSEL HR programs.
- Employee NavigatorcoreBenefits administration and HRIS platform partner. Employee Navigator is provided to all Spherica clients at zero cost, including setup, installation, and ongoing support from Spherica's technology team.
Scale indicators5 records
Recent moves1 record
Expansion highlights5 records
Spherica competitors and assessment
Company assessmentDirect peers
- Hub International: Hub International is a major North American insurance brokerage offering employee benefits, commercial insurance, and risk management across multiple US regions — comparable to Spherica in geography-segment overlap and benefits/risk integration.
- OneDigital: OneDigital is one of the largest US employee benefits and HR consulting brokerages, offering benefits administration, captive services, HR consulting, and retirement services to mid-to-large employers — directly overlapping Spherica's core business model and target market.
- Lockton Companies: Lockton is the world's largest privately held insurance brokerage offering employee benefits, risk management, and consulting to mid-to-large employers — comparable in scale aspirations and product mix to Spherica's full-service model.
- USI Insurance Services: USI is a large US insurance brokerage and consulting firm providing employee benefits, property/casualty, and specialty programs to mid-market employers — closely aligned with Spherica's benefits + risk approach.
- Leavitt Group: Leavitt Group is a regional US insurance brokerage with strong Mountain West presence, offering employee benefits, commercial insurance, and financial services — comparable in regional footprint and product mix to Spherica.
- Brown & Brown: Brown & Brown is a diversified insurance brokerage providing employee benefits, casualty, and risk management solutions across the US — competing with Spherica in mid-market benefits and commercial insurance.
- Alera Group: Alera Group is a national insurance brokerage and consulting firm providing employee benefits, property/casualty, and HR consulting to mid-market employers — closely comparable to Spherica's integrated benefits + HR + risk model.
- NFP (an Aon company): NFP is a large US insurance brokerage and benefits consultant serving mid-market employers with employee benefits, retirement, HR consulting, and risk solutions — a direct competitor to Spherica's full-service offering.
Emerging players
- TriNet: TriNet is a professional employer organization (PEO) providing bundled HR, benefits administration, payroll, and risk services to small and mid-sized businesses — overlapping with Spherica's HR outsourcing and benefits administration offerings.
Broad incumbents
- Arthur J. Gallagher & Co. Gallagher is a Fortune 500 global insurance brokerage and risk management firm offering benefits, risk, and HR-related consulting — a much larger incumbent operating across the same mid-to-large employer benefits market that Spherica targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Spherica social profiles
Digital presenceSpherica financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spherica leadership team
Management profileNumber of profiles
Profiles8 records
Spherica funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spherica M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spherica
What does Spherica do?
Spherica delivers tactical employee benefits administration, insurance brokerage, human resources consulting, risk management, and managed technology services to mid-to-large employers. Its core benefits administration practice combines discovery, mapping, and execution methodologies with self-funded, level-funded, fully insured, and ParetoHealth captive health plan options, integrated HRIS (Employee Navigator) and HR Hotline advisory support, and data-driven cost-containment analytics across 810,000+ covered lives.
Is Spherica a public or private company?
Spherica is a private company. It is classified as family owned and is currently operating.
When was Spherica founded?
Spherica was founded in 2001. It employs 11 to 50 people.
Where is Spherica based?
Spherica is headquartered in South Jordan, United States, in the North America region.
How does Spherica make money?
Four revenue lines are on record. Insurance and Benefits Brokerage Commissions are the primary driver. The others are risk Management Consulting, technology Services and captive Services.
Who are Spherica's main competitors?
Direct peers on record are Hub International, OneDigital, Lockton Companies, USI Insurance Services, Leavitt Group, Brown & Brown, Alera Group and NFP (an Aon company). TriNet is listed as an emerging player. Arthur J. Gallagher & Co. is listed as a broad incumbent.
Does Spherica have an API?
No public API is recorded for Spherica.
What industry is Spherica in?
Spherica's product category is Employee Benefits Administration and Risk Management. Its primary akta.pro industry code is BPACAKAE, Benefits Administration & Total Rewards Outsourcing, with a secondary code of BPAAAIAB, Benefits Administration & Enrollment Support. Its NAICS code is 524292 and its SIC code is 6411.