New England Employee Benefits
New England Employee Benefits Co. is a New Hampshire-based employee benefits brokerage founded in 1988, serving employers across the New England region with health, retirement, voluntary, and ancillary benefits solutions. The firm operates as a subsidiary within the Alera Group national broker platform.
- Company typePrivate
- Founded1988
- HeadquartersConcord, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What New England Employee Benefits does
New England Employee Benefits Co. (NEEBCo) is a New Hampshire-headquartered employee benefits brokerage and consulting firm founded in 1988 in Belmont, NH by Brett D. Houston and Mark E. LeCompte. The firm serves employers across New Hampshire and the broader New England region, brokering health plans, voluntary benefits, retirement services, property and casualty coverage, absence management, pharmacy management, and wellness programs. Since July 2021, NEEBCo has operated as a subsidiary within the Alera Group national broker platform while retaining its regional identity and Concord, NH headquarters at 15 Chenell Drive.
NEEBCo's product stack combines traditional brokerage commissions with technology-enabled service modules. The firm integrates the Employee Navigator benefits administration platform — extending that capability across all Alera Group clients — and operates the Lumity analytics platform for population health management, cost forecasting, benchmarking, and data analytics. Operational technology includes electronic enrollment and proprietary data analytics tooling that supports consulting engagements. Revenue is generated primarily through carrier commissions on placed benefits coverage and ancillary consulting fees, with the commission model scaling by insured employer headcount and product line penetration per client.
The firm employs between 11 and 50 staff, including co-founders still active in leadership, a VP of Operations with 31 years of tenure, a Director of Finance, and a Supervisor of Strategic Planning. As a subsidiary of Alera Group, NEEBCo combines regional brokerage intimacy with access to a larger national platform for carrier leverage, cross-sell, and shared technology infrastructure.
New England Employee Benefits firmographics
Firmographics- Name
- New England Employee Benefits
- Legal name
- New England Employee Benefits Co., Inc.
- Website
- https://neebco.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- New England Employee Benefits Co. is a New Hampshire-based employee benefits brokerage founded in 1988, serving employers across the New England region with health, retirement, voluntary, and ancillary benefits solutions. The firm operates as a subsidiary within the Alera Group national broker platform.
- Ownership category
- akta.pro rank
New England Employee Benefits industry classification
Industry- Product category
- Employee Benefits Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242), 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 Benefits Brokerage & Consulting (FSAEADAC)
- akta.pro secondary industries
- Medicare Plan Distribution & Brokerage (Captive, Independent, FMOs) (FSAIAGAH), Eligibility, Enrollment & Benefits Administration (HLAEALAH), Benefits Administration (BPACAPAC)
Keywords
Where New England Employee Benefits is headquartered
LocationHeadquarters
- HQ city
- Concord
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
New England Employee Benefits business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Insurance Brokerage Commissions: Revenue generated through commissions on employee benefits insurance products including health plans, voluntary benefits, and related coverage placed with insurance carriers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quote-based pricing tailored to employer needs |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
New England Employee Benefits product offering
Product offeringCore offering
New England Employee Benefits Co., Inc. (NEEBCo) is a full-service employee benefits brokerage firm that places health, voluntary, retirement, and ancillary benefits with insurance carriers on behalf of employer clients in New Hampshire and New England. The firm combines traditional brokerage and consulting (plan design, quoting, funding analysis, compliance, carrier negotiation, and ongoing account management) with technology-enabled services including Employee Navigator administration, electronic enrollment, integrated payroll, Health Intelligence analytics, cost forecasting, and benchmarking. As a wholly-owned subsidiary of Alera Group since July 2021, NEEBCo delivers local hands-on service backed by the parent firm's national carrier relationships and expanded portfolio that includes property and casualty coverage and retirement services.
Product overview
New England Employee Benefits Co., Inc. (NEEBCo) is a full-service employee benefits brokerage firm that offers a comprehensive portfolio of technology-enabled services and modules under the Alera Group umbrella. The core offering combines strategic planning and advisory services with technology solutions including Employee Engagement Platforms, Electronic Enrollment, Integrated Payroll, and Data Analytics. NEEBCo operates as part of Alera Group, providing access to product sub-brands like Lumity (benefits administration platform) and a full suite of service modules covering Absence Management, Advanced Health Plan Strategies, Alternative Funding, Benefits Optimizer, Captive Solutions, Pharmacy Management, Voluntary Benefits, Wellbeing, Benefits Benchmarking, HR Consulting, Actuarial and Finance, Benefits Administration, Communication and Engagement, Benefits Compliance, PEO Solutions, Population Health and Data Analytics, and Total Program Management. The portfolio is delivered as an integrated suite combining technology platforms with professional services for comprehensive employee benefits management.
Differentiator
Problem solved
Functional benefit
Products and services
- Absence Management Manages employee absences including FMLA, disability, and other leave programs with compliance tracking and reporting for employer clients.
- Advanced Health Plan Strategies Strategic consulting for optimizing health plan design, coverage options, and cost management approaches for employer-sponsored plans.
- Alternative Funding Self-insurance and alternative funding mechanisms for employee health benefits including level-funded and self-funded plans.
- Benefits Optimizer Technology-enabled platform for analyzing and optimizing employee benefits packages for cost-effectiveness and employee satisfaction.
- Captive Solutions Risk management through captive insurance arrangements for employee benefits funding.
- Lumity Employee benefits administration and engagement platform offering enrollment, communication, and employee experience tools.
- Pharmacy Management Management and optimization of pharmacy benefits including drug formularies, PBM coordination, and cost control.
- Voluntary Benefits and Enrollment Solutions Voluntary benefit products and enrollment technology for supplemental insurance and financial wellness programs.
- Wellbeing Programs Health and wellness initiatives including lifestyle incentives, health risk assessments, biometric screening, nutritional counseling, and employee education programs.
- Benefits Benchmarking Comparative analysis of employer benefit offerings against industry standards and market data.
- HR Consulting Solutions Human resources consulting for benefits strategy, compliance, and workforce management.
- Actuarial and Finance Actuarial analysis and financial planning for employee benefits including pricing, reserving, and cost projections.
- Benefits Administration Comprehensive administration of employee benefits including plan management, carrier coordination, and employee support.
- Communication and Engagement Employee communication and engagement strategies for benefits education, enrollment, and ongoing awareness.
- Benefits Compliance Regulatory compliance consulting for federal and state employee benefits requirements including ACA, ERISA, and HIPAA.
- PEO Solutions Professional Employer Organization solutions for co-employment and comprehensive HR outsourcing.
- Population Health and Data Analytics Data-driven population health management with analytics for risk stratification, claims analysis, and health intervention planning.
- Total Program Management End-to-end management of employee benefits programs coordinating all services and vendors.
- International Benefits Employee benefits solutions for employers with internationally based or traveling employees.
- Individual Coverage / Medicare Individual health coverage and Medicare solutions for individuals and families, available through the NEEBCo/Alera platform.
- Retirement Plans Retirement plan services including fiduciary services for employer-sponsored retirement programs.
- Wealth Management Wealth management solutions for business owners, non-profits, foundations, individuals, and families.
- Property and Casualty Coverage Property, casualty, personal lines, and professional/financial liability coverage available through NEEBCo under Alera Group.
Companies that use New England Employee Benefits
Customer profileSegments1 record
Ideal customer profiles1 record
New England Employee Benefits technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability1 record
Feature9 records
New England Employee Benefits partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Alera GroupcoreIn July 2021, NEEBCo joined Alera Group, one of the nation's leading independent insurance and wealth services organizations. This partnership allows NEEBCo to expand service offerings including retirement services and property and casualty coverage. Clients benefit from expertise and resources of a large national firm while maintaining local hands-on care and relationships.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
New England Employee Benefits competitors and assessment
Company assessmentBroad incumbents
- USI Insurance Services: Large national insurance brokerage and employee benefits consulting firm. Highly comparable to NEEBCo in core employee benefits brokerage offerings but at vastly greater scale, multi-line capability, and national footprint.
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with a deep employee benefits consulting practice. Closely aligned to NEEBCo's benefits brokerage and consulting model at significantly larger scale.
- Hub International: North American insurance brokerage with strong regional and middle-market employee benefits capabilities. Directly comparable benefits-brokers-of-record value proposition for small and mid-sized employers similar to NEEBCo's.
- Brown & Brown, Inc. National insurance brokerage with sizable employee benefits practice. Comparable employee benefits brokerage, consulting, and alternative funding capabilities serving employer clients.
- Lockton Companies: Largest independent insurance brokerage globally, with deep employee benefits expertise. Comparable in employee benefits consulting, analytics, and middle-market employer focus.
- Alliant Insurance Services: Specialty insurance brokerage with strong employee benefits practice. Comparable across employee benefits consulting, alternative funding, and mid-market employer segments.
- NFP (an Aon company): Mid-market-focused insurance brokerage and benefits consulting firm with strong employee benefits practice across multiple U.S. regions. Closely aligned benefits broker-of-record model for employer clients.
- Marsh McLennan (Oliver Wyman / Mercer): Global professional services firm with Mercer's deep health and benefits consulting arm. Comparable in large-scale employee benefits strategy, health analytics, and actuarial offerings though serving much larger clients.
Direct peers
- Cross Insurance: Regional New England insurance brokerage headquartered in Maine with significant employee benefits brokerage operations across NH, ME, and other New England states. A direct competitor in the same geography and same core product category.
- Insurance Agency / Broker (Local NH New England Firms via Alera Group): Sister regional insurance and employee benefits brokerage firms under Alera Group (e.g., other Alera Northeast offices). Function as direct peers in delivering employee benefits brokerage under shared parent infrastructure and resources.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
New England Employee Benefits financial estimates
Financial estimateRevenue estimate
Valuation estimate
New England Employee Benefits leadership team
Management profileNumber of profiles
Profiles5 records
New England Employee Benefits funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New England Employee Benefits 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 New England Employee Benefits
What does New England Employee Benefits do?
New England Employee Benefits Co., Inc. (NEEBCo) is a full-service employee benefits brokerage firm that places health, voluntary, retirement, and ancillary benefits with insurance carriers on behalf of employer clients in New Hampshire and New England. The firm combines traditional brokerage and consulting (plan design, quoting, funding analysis, compliance, carrier negotiation, and ongoing account management) with technology-enabled services including Employee Navigator administration, electronic enrollment, integrated payroll, Health Intelligence analytics, cost forecasting, and benchmarking. As a wholly-owned subsidiary of Alera Group since July 2021, NEEBCo delivers local hands-on service backed by the parent firm's national carrier relationships and expanded portfolio that includes property and casualty coverage and retirement services.
Is New England Employee Benefits a public or private company?
New England Employee Benefits is a private company. It is classified as corporate owned and is currently operating.
When was New England Employee Benefits founded?
New England Employee Benefits was founded in 1988. It employs 11 to 50 people.
Where is New England Employee Benefits based?
New England Employee Benefits is headquartered in Concord, United States, in the North America region.
How does New England Employee Benefits make money?
One revenue line is on record: insurance Brokerage Commissions.
Who are New England Employee Benefits's main competitors?
Broad incumbents on record are USI Insurance Services, Arthur J. Gallagher & Co., Hub International, Brown & Brown, Inc., Lockton Companies, Alliant Insurance Services, NFP (an Aon company) and Marsh McLennan (Oliver Wyman / Mercer). Direct peers are Cross Insurance and Insurance Agency / Broker (Local NH New England Firms via Alera Group).
Does New England Employee Benefits have an API?
No public API is recorded for New England Employee Benefits.
What industry is New England Employee Benefits in?
New England Employee Benefits's product category is Employee Benefits Brokerage. Its primary akta.pro industry code is FSAEADAC, Employee Benefits Brokerage & Consulting, with a secondary code of FSAIAGAH, Medicare Plan Distribution & Brokerage (Captive, Independent, FMOs). Its NAICS code is 52421 and its SIC code is 6411.