Ekon Benefits

Name

Ekon Benefits

Legal name

Ekon Benefits

Website

https://ekonbenefits.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Retirement Plan Administration & Consulting

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Employee Benefit & Retirement Plan Trust Services (FSAAANAC)

akta.pro secondary industry

Benefits Administration (BPACAPAC)

Keywords

• Retirement plan administration
• Third-party plan administration
• 401(k) recordkeeping
• Actuarial consulting services
• Taft-Hartley plan administration

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Retirement Plan Administration Services: Third-party administration (TPA) services for retirement plans including compliance monitoring, plan document updates, annual reports and tax filings, coverage and nondiscrimination testing, and Form 5500 preparation and filing. Services are provided on an ongoing basis throughout the plan lifecycle.
2. 401(k) Recordkeeping Services: Comprehensive 401(k) recordkeeping including participant account management, contribution tracking, investment elections, withdrawals, and compliance monitoring with IRS regulations. Bundled with TPA services for seamless administration.
3. Actuarial Services: Actuarial valuations, consulting, and administration for defined benefit, cash balance, and multi-employer plans. Provided under cost-effective fixed-fee arrangements.
4. Participant Education Programs: Customized employee education programs including in-person workshops, quarterly newsletters (Investment Watch), and ongoing education services to increase plan participation and participant engagement.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Ekon Benefits is a third-party administrator (TPA) providing bundled retirement plan administration, consulting, 401(k) recordkeeping, and actuarial services for employer-sponsored plans. The company designs, administers, and provides compliance support for 401(k), profit-sharing, defined benefit, cash balance, and Taft-Hartley (multi-employer) plans, supported by an in-house daily valuation trading platform and proprietary participant and sponsor portals.

Product overview

Ekon Benefits offers a unified suite of retirement plan services as a single-source provider, combining Plan Consulting and Design, Compliance and Administration, 401(k) Recordkeeping Services, Taft-Hartley Services, Participant Education, and Actuarial Services into an integrated offering. The company's in-house technology infrastructure centers on its proprietary daily valuation trading platform (launched 1994) and client-facing MyEkon Participant Portal and Ekonnect Sponsor Portal, which together enable seamless plan administration, participant account management, and investment tracking. This architecture delivers bundled TPA and recordkeeping services under one roof, positioning Ekon as the only independent, St. Louis-based full-service retirement plan provider with comprehensive in-house capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Plan Consulting and Design Expert retirement plan design consulting providing customized 401(k), defined benefit, cash balance, and Taft-Hartley plan design tailored to client goals, workforce demographics, and budget, for plan sponsors evaluating or restructuring retirement benefits.
• Compliance and Administration Third-party administration (TPA) services for retirement plans ensuring ERISA, IRS, and DOL compliance, including plan document updates, annual reports and tax filings, coverage and nondiscrimination testing, and Form 5500 preparation and filing for plan sponsors.
• 401(k) Recordkeeping Services Comprehensive 401(k) recordkeeping with secure participant account tracking for contributions, investments, and distributions, combined with TPA services for streamlined administration and IRS compliance monitoring.
• Taft-Hartley Services Specialized multi-employer Taft-Hartley plan administration for union retirement benefits including hours recordkeeping, fund management, actuarial analysis, member communications, and health and welfare eligibility tracking for jointly-trusteed labor union plans.
• Participant Education Customized employee education programs including in-person workshops, quarterly Investment Watch newsletters, and mobile-friendly online tools designed to increase plan participation and retirement readiness among employees.
• Actuarial Services Comprehensive actuarial support for defined benefit plans including annual valuations, ASC 715/GASB reporting, cash balance plan design, nondiscrimination testing, and PBGC premium filing under fixed-fee arrangements for plan sponsors.
• MyEkon Participant Portal Proprietary secure online platform enabling plan participants to monitor retirement accounts, track contributions, access Investment Watch newsletters, investment tools, calculators, and manage retirement planning 24/7 via mobile-friendly web access.
• Ekonnect Sponsor Portal Secure online portal for plan sponsors and plan administrators to access plan information, submit required documents, and manage ongoing plan administration tasks through the Ekonnect portal.
• In-House Daily Valuation Trading Platform Proprietary multi-family, open architecture daily valuation trading platform providing direct NSCC trading partnership for cost-effective daily participant recordkeeping supporting thousands of plan participants as the technological backbone of bundled TPA and recordkeeping services.

Quantifiable outcome

• Participants can achieve 25% to 30% better retirement outcomes by utilizing higher equity allocations during earlier career stages through target date fund strategies versus static allocations
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Empower Retirement: Empower (formerly MassMutual retirement, now backed by a PE consortium led by Eldridge) is the second-largest U.S. retirement recordkeeper by participants. It offers bundled TPA, recordkeeping, and advisory services similar to Ekon — but at vastly greater scale and with proprietary investment products.
• CAPTRUST: CAPTRUST is a mid-sized, retirement-focused advisory firm that bundles plan design, investment advisory, and administration for corporate and non-profit sponsors — comparable in size, scope, and single-purpose positioning to Ekon.
• OneDigital: OneDigital is a PE-backed national benefits consulting and administration firm offering retirement plan administration alongside health/welfare brokerage. It competes directly with Ekon for mid-market plan sponsors and Taft-Hartley-adjacent mandates.
• NFP (an Aon company): NFP (acquired by Aon/AIP) provides retirement plan administration and consulting as part of a broader insurance and benefits services portfolio, competing with Ekon for mid-market sponsors that want TPA support across multiple benefit lines.
• BeneSys: BeneSys is a Taft-Hartley-specialist TPA serving multiemployer health, welfare, and pension funds with hours-tracking, eligibility, and actuarial services closely mirroring Ekoon's multiemployer union capabilities.

Broad incumbents

• Principal Financial Group: Principal is a top-five U.S. retirement recordkeeper offering 401(k)/403(b) administration, recordkeeping, and advisory to mid-market and jumbo sponsors — a broader line-up than Ekon but a direct alternative on plan-sponsor RFPs.
• Fidelity Workplace Investing: Fidelity is the largest U.S. retirement recordkeeper by participants, offering proprietary funds, recordkeeping, and integrated TPA-adjacent services that compete with Ekon for mid-market plan sponsors and serve as a benchmark on per-participant pricing.
• ADP Retirement Services: ADP Retirement Services provides 401(k) recordkeeping integrated with its core payroll/HCM platform — directly comparable to Ekon for SMB and mid-market sponsors that value payroll-platform integration.
• T. Rowe Price Retirement Plan Services: T. Rowe Price offers 401(k), 403(b), and pooled employer plan recordkeeping bundled with its own investment products — competing with Ekon primarily on the investment menu and participant experience axes.
• Schwab Retirement Plan Services: Schwab provides 401(k) recordkeeping and participant brokerage services for mid-market and jumbo plans and is a direct competitor for plan sponsors evaluating bundled retirement administration options.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ekon-benefits/mycompany

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 Ekon Benefits