ESSSuper
ESSSuper is a Victorian profit-to-member superannuation fund administering defined benefit and accumulation products for 132,000+ emergency services and pre-1994 State Government employees, with $29B+ in assets.
- Company typePrivate
- Founded1925
- HeadquartersMelbourne, Australia
- Headcount101–250
- GTM typeB2C
- OfferingServices
ESSSuper firmographics
Firmographics- Name
- ESSSuper
- Legal name
- Emergency Services Superannuation Board ABN 28 161 296 741
- Website
- https://esssuper.com.au
- Company type
- Private
- Founded year
- 1925
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ESSSuper is a Victorian profit-to-member superannuation fund administering defined benefit and accumulation products for 132,000+ emergency services and pre-1994 State Government employees, with $29B+ in assets.
- Ownership category
- akta.pro rank
ESSSuper industry classification
Industry- Product category
- Superannuation Fund Management
- NAICS
- Pension Funds (525110)
- akta.pro primary industry
- Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)
- akta.pro secondary industry
- Employee Benefit & Retirement Plan Trust Services (FSAAANAC)
Keywords
Where ESSSuper is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
ESSSuper business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Administration and Investment Fees: As a profit-to-member superannuation fund, ESSSuper charges capped administration and investment fees to cover operational costs. These fees are deducted from member accounts and fund the administration and investment management of the fund.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Accumulation Plan Administration Fees |
| Subscription | Annual | Beneficiary Account Administration Fees |
| Subscription | Annual | Income Streams Administration Fees |
| Subscription | Annual | Defined Benefit Death and Disability Cover |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
ESSSuper product offering
Product offeringCore offering
ESSSuper is a profit-to-member superannuation fund administered by the Emergency Services Superannuation Board, providing defined benefit and accumulation superannuation products, income streams, and lifetime pensions to Victorian emergency services workers (Victoria Police, Fire Rescue Victoria, Ambulance Victoria) and pre-1994 State Government employees. The fund underwrites formula-based retirement benefits, built-in death and disability cover, and employer-managed contributions for over 132,000 members and $29 billion in assets.
Product overview
ESSSuper is a superannuation fund for Victorian emergency services workers and state government employees. The core offering consists of defined benefit schemes (ESSS DB Fund for emergency services, State Super schemes including New Scheme, Revised Scheme, Transport Scheme, and SERB Scheme) providing formula-based retirement benefits. These are supplemented by accumulation account options including the Accumulation Plan, Beneficiary Account for managing untaxed benefits post-employment, Working Income Stream for transition-to-retirement, Retirement Income Stream for regular retirement payments, and Lifetime Pensions for guaranteed income. Additional features include built-in death and disability cover (Defined Benefit Cover) and optional insurance through Accumulation Plans. The fund is underwritten by the Victorian Government and regulated differently from retail super funds.
Differentiator
Problem solved
Functional benefit
Products and services
- Emergency Services Defined Benefit (ESSS DB Fund) A defined benefit super fund for operational employees of Victoria Police, Fire Rescue Victoria, and Ambulance Victoria. Retirement benefits are calculated using a formula based on final average salary, age, service period, contribution rate, and employment status, rather than investment returns.
- New Scheme Defined benefit scheme for employees who joined the Victorian Public Service, Teaching Service, and participating agencies between 1 July 1988 and 31 December 1993. Closed to new members since 1 January 1994.
- Revised Scheme Defined benefit scheme for employees who joined the Victorian Public Service, Teaching Service, and participating agencies between 1975 and 1988. Offers lifetime pension eligibility at minimum retirement age. Closed to new members since 1 July 1988.
- Transport Scheme Defined benefit scheme for transport sector employees, closed to new members. Provides lump sum and/or pension benefits on retirement, resignation, retrenchment, death, or disability.
- SERB Scheme State Employees Retirement Benefits scheme for specific public sector employees. Death and disability benefits are not built in (unlike other schemes) and must be separately arranged.
- Accumulation Plan A flexible super account allowing additional contributions, tailored investment options, optional insurance cover, and ability to open an income stream in retirement. Available to members and their spouses.
- Beneficiary Account A unique account for ESSS DB Fund members who have left emergency services employment, allowing them to maintain super's untaxed status until withdrawal or transfer. Offers investment options but no insurance cover.
- Working Income Stream Account-based income stream allowing members approaching retirement to receive regular payments while still working, helping transition to full retirement.
- Retirement Income Stream Account-based income stream for retirees providing regular payments with flexible frequency (fortnightly, monthly, quarterly, half-yearly, or annually), investment options, and potential tax advantages.
- Lifetime Pensions Annuity-style lifetime pensions providing guaranteed, regular, tax-free income for life. Available to eligible State Super members including Revised and SERB Scheme members.
- Balanced Growth Managed Investment Option A new investment offering within ESSS Super's accumulation and income stream products, providing members with a managed diversified portfolio option.
Quantifiable outcome
- Maximum benefit multiple of 7.5 (taxed) or 8.4 (untaxed) for emergency services defined benefit members
- +2 more outcomes
Companies that use ESSSuper
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
ESSSuper technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
ESSSuper partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
ESSSuper competitors and assessment
Company assessmentDirect peers
- HESTA: Industry super fund for health and community services workers with $80B+ AUM. Highly comparable as a profit-to-member fund serving a specific employee segment, and notably the destination fund for ESSSuper's outgoing CEO.
- Hostplus: Industry super fund for hospitality, tourism, recreation, and sport. Comparable to ESSSuper as a profit-to-member fund serving a specific employee segment with strong brand recognition within its vertical.
- REST: Industry super fund for retail employees. Comparable to ESSSuper as a profit-to-member fund addressing a specific employee segment with capped fees and multi-product offerings.
- Aware Super: One of Australia's largest super funds formed from the merger of VicSuper and First State Super, serving public sector and university employees. Directly comparable to ESSSuper as a Victorian-headquartered public sector defined benefit fund with profit-to-member structure.
- TelstraSuper: Corporate super fund for Telstra employees and related employers. Comparable to ESSSuper as a profit-to-member fund serving a defined employer constituency with defined benefit and accumulation offerings.
- Spirit Super: Industry super fund formed from merger of MTAA Super and Statewide Super, serving motor trades, transport, and various industry workers. Comparable to ESSSuper as a multi-product profit-to-member fund with legacy defined benefit obligations.
- Cbus: Industry super fund for construction, building, and allied industries. Comparable to ESSSuper as a profit-to-member fund serving a defined employment sector with combined defined benefit and accumulation offerings.
- Prime Super: Industry super fund serving regional and rural Australia across multiple sectors. Comparable to ESSSuper as a profit-to-member fund with multi-product offerings and a defined employer-based membership base.
- NGS Super: Super fund for non-government schools and education professionals. Comparable to ESSSuper in its defined benefit/accumulation mix and education sector overlap with ESSSuper's Victorian Government schools constituency.
Broad incumbents
- AustralianSuper: Australia's largest super fund with $300B+ AUM, serving a broad membership base across many industries. Comparable as a profit-to-member industry fund but operates at vastly greater scale and broader scope than ESSSuper.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
ESSSuper social profiles
Digital presenceESSSuper compliance and trust
Trust signalCompliance3 records
ESSSuper financial estimates
Financial estimateRevenue estimate
Valuation estimate
ESSSuper leadership team
Management profileNumber of profiles
Profiles3 records
ESSSuper funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ESSSuper 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 ESSSuper
What does ESSSuper do?
ESSSuper is a profit-to-member superannuation fund administered by the Emergency Services Superannuation Board, providing defined benefit and accumulation superannuation products, income streams, and lifetime pensions to Victorian emergency services workers (Victoria Police, Fire Rescue Victoria, Ambulance Victoria) and pre-1994 State Government employees. The fund underwrites formula-based retirement benefits, built-in death and disability cover, and employer-managed contributions for over 132,000 members and $29 billion in assets.
Is ESSSuper a public or private company?
ESSSuper is a private company. It is classified as state government owned and is currently operating.
When was ESSSuper founded?
ESSSuper was founded in 1925. It employs 101 to 250 people.
Where is ESSSuper based?
ESSSuper is headquartered in Melbourne, Australia, in the Oceania region.
How does ESSSuper make money?
One revenue line is on record: administration and Investment Fees.
Who are ESSSuper's main competitors?
Direct peers on record are HESTA, Hostplus, REST, Aware Super, TelstraSuper, Spirit Super, Cbus, Prime Super and NGS Super. AustralianSuper is listed as a broad incumbent.
Does ESSSuper have an API?
No public API is recorded for ESSSuper.
What industry is ESSSuper in?
ESSSuper's product category is Superannuation Fund Management. Its primary akta.pro industry code is FSAAAGAB, Pension Master Trusts, Superannuation & Provident Funds, with a secondary code of FSAAANAC, Employee Benefit & Retirement Plan Trust Services. Its NAICS code is 525110.