Wrangle

What Wrangle does

Wrangle is a private U.S. provider of health and welfare Form 5500 preparation and related ERISA compliance services, founded in 2006 and operated as a brand under Ascensus since its April 2019 acquisition. The company serves insurance brokers and the employer plan sponsors they support, delivering Form 5500 preparation and e-filing, customized ERISA Plan Documents and Summary Plan Descriptions (SPDs), Nondiscrimination Testing under Sections 125, 129, 79, and 105(h), Annual Notice packets, and Delinquent Filer Voluntary Compliance (DFVC) assistance.

The operating technology stack is a pair of interconnected web-based platforms. The 5500 Dashboard allows brokers to submit plan sponsor data, track filing progress, and manage deadlines. The ERISA Desk Platform (introduced in 2022) initiates Plan Document and SPD projects, supports Nondiscrimination Testing submissions, and auto-populates data from the Dashboard to reduce duplicate entry. Both platforms feature project tracking, downloadable deliverables, and signature-ready output. Underlying service delivery is supported by Ascensus in-house ERISA legal counsel for document review and complex compliance situations.

Commercially, Wrangle operates an exclusively broker-channel, referral-led go-to-market that grew from a single broker relationship in 2006 to a national footprint spanning all broker tiers. Revenue is generated through a flat fee per Form 5500 filing year (unchanged regardless of the number of ERISA plans in that year) and one-time project fees for Plan Documents, with no annual recurring fees on the document side. The company does not publicly disclose pricing or revenue. Cumulative operating scale as of August 2025 includes 280,000 Form 5500s prepared and 6,700+ Plan Document projects delivered since 2017.

Name

Wrangle

Legal name

Wrangle, an Ascensus company

Website

https://wrangle5500.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Wrangle is a U.S. provider of health and welfare Form 5500 preparation, ERISA Plan Documents, and Nondiscrimination Testing, serving insurance brokers and their employer plan sponsors through web-based filing and project-tracking platforms under Ascensus ownership.

Ownership category

akta.pro rank

Product category

ERISA Compliance Services

NAICS

Health and Welfare Funds (525120), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Document Preparation Services (561410)

SIC

Hospital & Medical Service Plans (6324), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Eligibility, Enrollment & Benefits Administration (HLAEALAH)

akta.pro secondary industry

Payroll Tax Filing, Compliance & Regulatory Reporting (BPAAAHAB)

Keywords

• ERISA compliance services
• Form 5500 preparation
• Plan document preparation
• Nondiscrimination testing
• Health benefits compliance

Headquarters

HQ city

Junction City

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, Marketing or Sales, Infrastructure

Revenue model

1. Form 5500 Preparation Services: Preparation and e-filing of Health and Welfare Form 5500 reports for plan sponsors. Charges on the filing year with flat fee regardless of number of ERISA Plans within that filing year.
2. ERISA Plan Documents and SPDs: Preparation of customized ERISA Plan Documents and Summary Plan Descriptions (SPDs), including Wrap Docs, Section 125, Annual Notices. One-time project fees with no annual or recurring fees.
3. Nondiscrimination Testing (NDT): Conducting IRS-mandated nondiscrimination tests including Section 125/POP, Section 129, Section 79, and Section 105(h) tests. Data uploaded to online platform with results delivered via the platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Wrangle prepares Health & Welfare Form 5500 Annual Reports and related ERISA compliance deliverables—including customized Plan Documents, Summary Plan Descriptions (SPDs), Adoption Agreements, Annual Notices, and IRS-mandated Nondiscrimination Testing—for insurance brokers and the employer plan sponsors they support. Services are delivered through two proprietary web-based platforms: the 5500 Dashboard for Form 5500 submission, tracking, and e-filing, and the ERISA Desk Platform for Plan Document and NDT project initiation, tracking, and document delivery, with auto-population of data between systems.

Product overview

Wrangle offers an integrated suite of ERISA compliance services for health and welfare benefit plans, built around two interconnected web-based platforms. The 5500 Dashboard handles Form 5500 preparation and e-filing, while the ERISA Desk Platform manages Plan Documents, Summary Plan Descriptions (SPDs), and Nondiscrimination Testing. Together, these platforms allow brokers and plan sponsors to submit data, track projects, download documents, and manage compliance filings. Services include Form 5500 Preparation, Wrap Plan Documents and SPDs, Nondiscrimination Testing, Annual Notice Packets, and DFVC (Delinquent Filer Voluntary Compliance) assistance. The company has prepared over 280,000 Form 5500s and delivered over 6,700 Plan Document projects since 2017.

Differentiator

Problem solved

Functional benefit

Brands

• 5500 Dashboard: Online portal for tracking Form 5500 preparation progress
• ERISA Desk Platform

Products and services

• Form 5500 Preparation Full-service preparation and e-filing of Health and Welfare Form 5500 Annual Reports. Includes collecting unlimited Schedule As from insurance carriers, delivering signature-ready Form 5500s and Summary Annual Reports, e-filing on behalf of the plan sponsor, and tracking future deadlines. Targeted at insurance brokers and the employer plan sponsors they serve.
• ERISA Plan Documents & SPDs Preparation of customized ERISA Plan Documents including Wrap Plan Documents, Summary Plan Descriptions (SPDs), and Adoption Agreements to ensure compliance with federal regulations. Also includes Plan Document amendment services and Annual Notice packets, Section 125 documents, and Self-Insured Plan Documents. Sold as one-time project fees with no annual or recurring fees.
• Nondiscrimination Testing (NDT) IRS-mandated nondiscrimination testing services for cafeteria plans (Section 125), health FSAs and dependent care FSAs (Section 129), self-insured health plans (Section 105(h)), and group term life insurance (Section 79). Data is uploaded to the Wrangle platform and results delivered via the platform with detailed reports and corrective recommendations.
• 5500 Dashboard Web-based online portal for submitting Form 5500 data, tracking filing progress, and managing health and welfare benefit plan reports. Allows brokers and plan sponsors to submit plan sponsor details, policy information, create workbooks with auto-save, and track deadlines.
• ERISA Desk Platform Web-based online platform for initiating and managing Wrap Plan Document and SPD projects, as well as Nondiscrimination Testing submissions. Features auto-population of data from the 5500 Dashboard, drop-down menus, project tracking through phases, and document download capabilities. Includes internal help section with short video snippets.

Quantifiable outcome

• 280,000 Form 5500s prepared as of August 2025
• +2 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• AscensuscoreStrategic or Co-development Partner · 8 April 2019Ascensus acquired Wrangle in April 2019. Wrangle operates as a brand under Ascensus, leveraging Ascensus' technology and ERISA attorney staff for document review and complex compliance situations. Ascensus provides administrative and recordkeeping services.
• ACAPrimeminorStrategic or Co-development PartnerReferral partnership expanded in 2024 for RxDC (Prescription Drug Data Collection) reporting assistance. ACAPrime is authorized to submit RxDC reports on behalf of group health plans and helps with data collection, analysis, and aggregation into required formats.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Others

• Ascensus: Acquired Wrangle in 2019 and operates it as a brand under its TPA/ASO platform. Directly comparable as a large-scale third-party administrator of retirement, education, and health benefit programs that bundles compliance, recordkeeping, and administrative services for plan sponsors.

Direct peers

• Empower Retirement: Empower is one of the largest U.S. retirement plan recordkeepers and offers compliance services (Form 5500, plan documents, nondiscrimination testing) for employer-sponsored plans. Comparable to Wrangle in providing outsourced regulatory and compliance administration to plan sponsors and their advisors.

Broad incumbents

• Fidelity Workplace Investing: Fidelity Workplace provides retirement plan recordkeeping, compliance, and benefits administration for employers, including Form 5500 preparation and plan documentation services. Comparable to Wrangle in employer-side benefits compliance, though operating at vastly broader scale across retirement and health benefits.
• T. Rowe Price Retirement Plan Services: T. Rowe Price offers retirement plan recordkeeping with bundled compliance administration (5500, plan documents, testing). Comparable to Wrangle in serving broker/advisor-led employer plans, but at much larger scale and oriented to retirement rather than health & welfare benefits.
• ADP TotalSource / ADP Compliance Services: ADP provides HR, payroll, and benefits administration for SMB and mid-market employers, including ERISA compliance support and Form 5500 filing assistance. Comparable to Wrangle in benefits administration and regulatory filing for employer plans, but as a much broader HR/payroll platform.
• Paychex: Paychex provides payroll, HR, and benefits administration services for SMB employers, with retirement plan administration and Form 5500 support. Comparable to Wrangle in serving employer-sponsored benefit plans through outsourced administrative services, though positioned as a broad HR/payroll incumbent rather than a H&W compliance specialist.
• Principal Financial Group: Principal provides retirement plan recordkeeping, group benefits, and benefits administration services to employer plans and broker channels. Comparable to Wrangle in employer benefits plan administration including compliance and disclosure services, though at significantly larger scale and broader product scope.

Emerging players

• Benefitfocus (Voya Financial): Benefitfocus operates a benefits administration technology platform used by brokers, carriers, and employers to manage benefits enrollment and administration. Comparable to Wrangle's broker-channel benefits administration focus, though more oriented to enrollment/comparison-shopping than to H&W compliance reporting.
• PlanSource: PlanSource provides benefits administration and decision-support software to brokers and employers, with adjacent compliance capabilities. Comparable to Wrangle in serving the broker-led benefits administration market with SaaS technology, though more focused on enrollment/billing than on filings and plan documents.
• OneDigital: OneDigital is a national insurance brokerage and consulting firm offering benefits administration, compliance, and H&W consulting to employers, marketed to and through brokers. Comparable to Wrangle in serving H&W compliance needs through a broker channel, though more oriented to advisory and brokerage services alongside compliance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Wrangle