Southern Benefit Administrators, Incorporated
- Company typePrivate
- Founded1981
- HeadquartersGoodlettsville, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
Southern Benefit Administrators, Incorporated firmographics
Firmographics- Name
- Southern Benefit Administrators, Incorporated
- Legal name
- Southern Benefit Administrators, Incorporated
- Website
- https://southernbenefit.com
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Southern Benefit Administrators, Incorporated industry classification
Industry- Product category
- Employee Benefit Administration
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Health and Welfare Funds (525120)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Eligibility, Enrollment & Benefits Administration (HLAEALAH)
- akta.pro secondary industries
- Benefits Administration (BPACAPAC), Compliance, Reporting & Regulatory Administration (ERISA/ACA/No Surprises) (HLAEALAJ), Ancillary Benefits TPA (Dental/Vision/Life/Accident/Critical Illness) (HLAEALAN)
Keywords
Where Southern Benefit Administrators, Incorporated is headquartered
LocationHeadquarters
- HQ city
- Goodlettsville
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Southern Benefit Administrators, Incorporated business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure
Revenue model
- Third Party Administration Services: The company generates revenue through third-party administration (TPA) fees for administering union-sponsored benefit plans including health & welfare, retirement, and supplemental benefits. As a TPA, the company likely charges administrative fees per participant, per plan, or as a flat fee arrangement with union benefit plans.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Southern Benefit Administrators, Incorporated product offering
Product offeringCore offering
Southern Benefit Administrators, Incorporated is a third-party administrator (TPA) that exclusively administers union-sponsored fringe benefit plans. The company delivers health and welfare, retirement, and supplemental benefit administration, along with benefit consulting services, to union benefit funds and signatory contractors throughout the United States. Services encompass medical plans, HRAs, disability benefits, retiree services, Medicare supplement programs, defined benefit and defined contribution pension plans, vacation, education, training, and apprenticeship plans.
Product overview
Southern Benefit Administrators, Inc. is a third-party administrator offering a unified suite of employee benefit administration services exclusively to union-sponsored fringe benefit plans. The company operates as a single-platform service provider offering four interconnected core service areas: Health & Welfare Benefits Administration (covering medical plans, HRAs, disability benefits, and retiree services), Retirement Benefits Administration (including defined benefit and defined contribution pension plans), Supplemental Benefits Administration (vacation, education, and apprenticeship plans), and Benefit Consulting Services. The company was formed in 1981 and maintains headquarters in Goodlettsville, Tennessee with branch offices in Chattanooga, New Orleans, Norfolk, and Richmond.
Differentiator
Problem solved
Functional benefit
Products and services
- Health & Welfare Benefits Administration
Companies that use Southern Benefit Administrators, Incorporated
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
Southern Benefit Administrators, Incorporated technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Southern Benefit Administrators, Incorporated partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights3 records
Southern Benefit Administrators, Incorporated competitors and assessment
Company assessmentBroad incumbents
- Segal Group: Major benefits and HR consulting firm with deep multi-employer and Taft-Hartley plan practices. Highly comparable to Southern Benefit because it competes directly for the same union-sponsored plan administration mandates while also offering broader actuarial and consulting services.
- Mercer (Marsh McLennan): Global consulting and TPA arm of Marsh McLennan. Competes for union and multi-employer plan administration work at a much larger scale and offers a broader benefits and health consulting portfolio than Southern Benefit's regional specialty offering.
- OneDigital: PE-backed employee benefits broker and consulting firm. Overlaps with Southern Benefit through benefits administration and consulting services targeted at employer and multi-employer plans, but operates with active sales motion and broader geographic reach.
- CBIZ Benefits & Insurance Services: National benefits consulting and administration firm. Similar benefits administration and consulting model to Southern Benefit, but with a much broader footprint, active sales motion, and technology investments that compete for the same union/employer plan clients.
- NFP (Private Client Select / NFP Corp): PE-backed insurance brokerage and benefits consultancy. Provides benefits administration and consulting directly comparable to Southern Benefit's offerings, while also bundling brokerage, P&C, and retirement services into a broader platform play.
- Wells Fargo Institutional Retirement & Trust (TPA Services): Large financial institution with TPA capabilities for retirement and welfare plans. Competes with Southern Benefit on the retirement benefits administration side, especially for multi-employer and union plans, while providing significantly broader scale and technology investment.
- Milliman: Global actuarial and consulting firm that administers and advises multi-employer/union benefit plans. Comparable in serving the same plan-trustee buyer with health, retirement, and supplemental benefit expertise, but at significantly larger scale.
- Sun Life Financial (U.S. Group Benefits / Stop-Loss): Large insurer providing group benefits administration including disability, medical stop-loss, and supplemental benefits. Compares to Southern Benefit's supplemental and disability benefit administration offerings, with much deeper capital and scale behind the same target plans.
Direct peers
- Foster & Foster: Actuarial and benefits administration consultancy with strong multi-employer and public-sector plan practices. Closely matches Southern Benefit's specialty model of dedicated expertise for non-traditional plan sponsors, including union and governmental plans.
- TPA Stream / Tang & Associates: Independent TPA firm providing benefits administration for multi-employer and union-sponsored plans. Direct competitor to Southern Benefit given overlapping service menu (health & welfare, retirement, supplemental), relationship-driven sales model, and similar niche footprint.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Southern Benefit Administrators, Incorporated financial estimates
Financial estimateRevenue estimate
Valuation estimate
Southern Benefit Administrators, Incorporated leadership team
Management profileNumber of profiles
Southern Benefit Administrators, Incorporated funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Southern Benefit Administrators, Incorporated 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 Southern Benefit Administrators, Incorporated
What does Southern Benefit Administrators, Incorporated do?
Southern Benefit Administrators, Incorporated is a third-party administrator (TPA) that exclusively administers union-sponsored fringe benefit plans. The company delivers health and welfare, retirement, and supplemental benefit administration, along with benefit consulting services, to union benefit funds and signatory contractors throughout the United States. Services encompass medical plans, HRAs, disability benefits, retiree services, Medicare supplement programs, defined benefit and defined contribution pension plans, vacation, education, training, and apprenticeship plans.
Is Southern Benefit Administrators, Incorporated a public or private company?
Southern Benefit Administrators, Incorporated is a private company. It is classified as unknown and is currently operating.
When was Southern Benefit Administrators, Incorporated founded?
Southern Benefit Administrators, Incorporated was founded in 1981. It employs 51 to 100 people.
Where is Southern Benefit Administrators, Incorporated based?
Southern Benefit Administrators, Incorporated is headquartered in Goodlettsville, United States, in the North America region.
How does Southern Benefit Administrators, Incorporated make money?
One revenue line is on record: third Party Administration Services.
Who are Southern Benefit Administrators, Incorporated's main competitors?
Broad incumbents on record are Segal Group, Mercer (Marsh McLennan), OneDigital, CBIZ Benefits & Insurance Services, NFP (Private Client Select / NFP Corp), Wells Fargo Institutional Retirement & Trust (TPA Services), Milliman and Sun Life Financial (U.S. Group Benefits / Stop-Loss). Direct peers are Foster & Foster and TPA Stream / Tang & Associates.
Does Southern Benefit Administrators, Incorporated have an API?
No public API is recorded for Southern Benefit Administrators, Incorporated.
What industry is Southern Benefit Administrators, Incorporated in?
Southern Benefit Administrators, Incorporated's product category is Employee Benefit Administration. Its primary akta.pro industry code is HLAEALAH, Eligibility, Enrollment & Benefits Administration, with a secondary code of BPACAPAC, Benefits Administration. Its NAICS code is 524292 and its SIC code is 6411.