BBP Administration
BBP Administration is a privately held, family-owned Third Party Administrator founded in 1977 that administers employee benefit programs (COBRA, FMLA, FSA, HRA, HSA, Lifestyle, Transit, 5500/ERISA, and ACA) for approximately 10,350 U.S. employers nationwide, distributed primarily through broker and agent channel partnerships.
- Company typePrivate
- Founded1977
- HeadquartersItasca, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What BBP Administration does
BBP Administration generates revenue primarily through per-service and per-participant transaction fees charged to employers for administering benefit accounts and compliance filings, with the only publicly disclosed price being $500 for a 5500 filing package that includes the ERISA Wrap Document and Summary Annual Report. The go-to-market model is hybrid: a direct sales motion (phone, email, website quote requests, online portals) augmented by an extensive broker, agent, tax professional, and financial planner channel that resells BBP Admin services to employer clients. Marketing is content-driven through bbpadmin.com, a multi-language video library, downloadable forms and compliance guides, and self-service portals, reinforcing the company's positioning as a trusted compliance resource. Pricing across most products is quote-based rather than publicly published, and the customer base is a horizontally segmented long tail of employers of all sizes.
BBP Administration firmographics
Firmographics- Name
- BBP Administration
- Legal name
- RSC Insurance Brokerage, Inc.
- Website
- https://bbpadmin.com
- Company type
- Private
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BBP Administration is a privately held, family-owned Third Party Administrator founded in 1977 that administers employee benefit programs (COBRA, FMLA, FSA, HRA, HSA, Lifestyle, Transit, 5500/ERISA, and ACA) for approximately 10,350 U.S. employers nationwide, distributed primarily through broker and agent channel partnerships.
- Ownership category
- akta.pro rank
BBP Administration industry classification
Industry- Product category
- Employee Benefits Administration
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- COBRA & Direct Billing Administration (HLAEALAC)
- akta.pro secondary industries
- Eligibility, Enrollment & Benefits Administration (HLAEALAH), COBRA & Retiree Continuation Administration (HLAEAAAJ)
Keywords
Where BBP Administration is headquartered
LocationHeadquarters
- HQ city
- Itasca
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BBP Administration business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Benefits Administration Fees: BBP Admin generates revenue through service fees charged to employers for administering various employee benefit plans including COBRA, FMLA, FSA, HRA, HSA, Lifestyle, and Commuter Plans. Fees are typically charged per-service and/or per-participant basis.
- 5500 and ERISA Filing Services: Revenue from annual 5500 filing services and ERISA wrap document administration. Priced at $500 for document filing including ERISA Wrap Document and Summary Annual Report.
- COBRA Administration: Revenue from COBRA continuation administration services, including premium collection, notice generation, and compliance management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Annual | 5500 Filing Package |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
BBP Administration product offering
Product offeringCore offering
BBP Administration (BBP Admin) is a nationwide Third Party Administrator (TPA) that administers employee benefits programs for employers across the United States. The company administers COBRA and state continuation, FMLA leave, FSA/Section 125, HRA, HSA, Lifestyle Spending Accounts, Transit/Commuter benefits, 5500/ERISA filings, and online HR & ACA compliance services, supported by web-based employer and participant portals, mobile applications, and a dedicated customer service helpdesk. Founded in 1977, the firm operates as part of RSC Insurance Brokerage, Inc. and serves employers primarily through broker and agent channel partnerships as well as direct employer sales.
Product overview
BBP Admin is a full-service HR and benefits administration platform offering a suite of nine core products covering COBRA, FMLA, FSA, HRA, HSA, 5500/ERISA, ACA compliance, Lifestyle Spending Accounts, and transit/commuter benefits. The platform provides web-based administration systems with employer and employee portals, mobile apps, and secure helpdesk tracking for request management. The product portfolio is designed for nationwide employers seeking a single TPA partner, with technology and human-service teams supporting the full lifecycle of employee benefits compliance and administration.
Differentiator
Problem solved
Functional benefit
Products and services
- 5500 and ERISA Wrap Administration Annual 5500 filing and ERISA wrap document services for employer welfare plans, helping employers comply with DOL, IRS, and ERISA requirements and avoid compliance penalties. Priced at $500 per filing including the ERISA Wrap Document and Summary Annual Report.
- Cobra & State Continuation COBRA health care continuation administration, handling communications, notices, forms, record-keeping, premium collection, and state-level continuation compliance for employers subject to COBRA regulations.
- FMLA Administration Family and Medical Leave Act administration, tracking employee leave within approved guidelines and ensuring compliance with federal and state FMLA requirements for employers with eligible employees.
- FSA & Section 125 Administration Flexible Spending Account administration allowing employees to pay medical and dependent care expenses using pre-tax payroll dollars, including Medical FSA, Limited Purpose FSA, and Dependent Care FSA plans under Section 125 of the Internal Revenue Code.
- HRA Administration Health Reimbursement Arrangement administration for employer-sponsored plans that reimburse employees for qualified medical expenses not covered by their group health plan, with multiple HRA variants including GCHRA, ICHRA, QSEHRA, EBHRA, Medicare HRA, and Retiree HRA.
- HSA Administration Health Savings Account administration paired with high-deductible health plans, offering tax savings through pre-tax payroll deductions and multiple contribution and investment options for participating employers and employees.
- Lifestyle Spending Accounts Employer-defined benefit accounts providing post-tax funds for employees to spend on categories such as fitness, work-from-home expenses, professional development, pet care, and other lifestyle expenses beyond traditional benefit plans.
- Online HR & ACA Compliance Integrated online HR and Affordable Care Act compliance platform covering onboarding, benefits administration, time-off tracking, online enrollment, HRIS database, and ACA 1094-C/1095-C reporting for employers.
- Transit Administration Section 132(f) transportation benefit administration enabling employees to use pre-tax contributions for mass transit passes, vanpooling, and qualified parking expenses to reduce federal income taxes, FICA taxes, and most state income taxes.
Quantifiable outcome
- The IRS estimates that nearly 90% of all firms subject to COBRA are not fully in compliance with regulations
- +3 more outcomes
Companies that use BBP Administration
Customer profileSegments1 record
Ideal customer profiles2 records
BBP Administration technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
BBP Administration partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered supporting and core.
- FSA StoresupportingFSA Store integration provides participants with access to eligible expense information and purchasing options for FSA-smissible items. BBP Admin links to FSA Store for eligibility lists and educational content about maximizing FSA benefits.
- Health SherpasupportingHealth Sherpa integration provides Health Insurance Marketplace options and assistance for COBRA participants exploring alternative coverage. Available as a resource for participants during and after COBRA continuation periods.
- Avidia Bank (HSA)coreAvidia Bank serves as the HSA banking partner for BBP Admin, providing HSA account infrastructure, investment accounts, and custodial services. Multiple HSA forms and welcome kits reference the Avidia Bank partnership.
- WealthCare Saver (HSA)coreWealthCare Saver provides HSA investment account capabilities including guided portfolios, self-directed investing, and brokerage account options. BBP Admin offers WealthCare Saver as an investment solution for HSA account holders.
- AlegeuscoreAlegeus provides the underlying platform technology for benefit account administration including FSAs, HRAs, and commuter benefits. Multiple videos and forms reference Alegeus as the platform provider.
- AbsenceTracker (FMLA)coreAbsenceTracker provides the FMLA administration technology platform used by BBP Admin for leave tracking, case management, and compliance documentation.
- Wealthcare Admin PortalcoreWealthcare Admin Portal provides the administrative interface for employer and participant benefit management including enrollment, claims, and reporting capabilities.
- Lane HealthsupportingLane Health provides healthcare spending card services including loan claim payment options and a card with heart features for HSA account holders.
- Employee NavigatorsupportingEmployee Navigator integration provides ACA compliance tracking and reporting, 1094-C and 1095-C eligibility reporting through an easy-to-use ACA dashboard.
- Lumelight (Compliance Solutions)supportingLumelight provides additional compliance audit tools, fiduciary services, gag clause attestation, mental health parity analysis, HIPAA compliance, RxDC reporting, and dependent eligibility audits.
- Mineral (HR Compliance)supportingMineral provides HR compliance resources including anonymous reporting, employee handbook tools, compliance scorecards, and HR question support.
- Summit Systems (COBRA)coreSummit provides COBRA administration portal technology for employer and participant portals, including payment processing, document management, and event processing.
- Zywave (LMS)supportingZywave provides Learning Management System (LMS) for compliance training and educational courses available through BBP Admin.
- Healthcare.govsupportingHealth Insurance Marketplace locator available as a resource for employees exploring coverage options during life events and COBRA continuation.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
BBP Administration competitors and assessment
Company assessmentDirect peers
- HealthEquity: Largest U.S. HSA custodian and administrator; acquired WageWorks to become a leading consumer-directed benefits administrator. Directly competes with BBP Admin across HSA, FSA, HRA, and COBRA administration for employer clients and via broker channels.
- WEX Health: Provides benefits administration SaaS and TPA services for HSA, FSA, HRA, COBRA, and commuter benefits to employers, health plans, and financial institutions. Closely comparable to BBP Admin's product portfolio and mid-market employer focus.
- TASC (Total Administrative Services Corporation): Privately held national TPA offering COBRA, FSA, HRA, HSA, commuter, and Section 125 administration. Competes head-to-head with BBP Admin in the broker channel serving mid-market employers.
- Ameriflex: Independent TPA administering FSA, HRA, HSA, COBRA, and commuter benefits, primarily through broker partners. Closely comparable mid-sized independent TPA peer with similar product scope and go-to-market.
- Maestro Health: Provides benefits administration including COBRA, FSA, HRA, HSA, and compliance services via an integrated technology platform. Overlapping product scope and mid-market employer focus make it a direct comparable.
- OneBridge Benefits: TPA administering COBRA, FSA, HRA, HSA, and retiree billing on behalf of employers and brokers. Comparable mid-sized independent TPA peer with similar product mix and channel-led go-to-market.
Broad incumbents
- Benefitfocus (Voya Financial): Operates a benefits administration platform serving employers, carriers, and consumers with enrollment, billing, and COBRA/FSA administration. Broader incumbent with overlapping functionality to BBP Admin's product suite.
- ADP Workforce Now: ADP offers HR, payroll, and benefits administration including COBRA, FSA, and HSA integration as part of its broader Workforce Now and TotalSource platforms. Major incumbent competing for the same mid-market and SMB employer segment.
- Paychex: Provides payroll, HR, and benefits administration including retirement, FSA, and COBRA through its PEO and benefits platforms. Broad incumbent with significant SMB market overlap with BBP Admin's employer base.
Emerging players
- Zenefits: Cloud-based HR, benefits, and payroll platform targeting SMB with integrated benefits administration including COBRA, FSA, and HRA. Competes with BBP Admin in the smaller-employer segment through a more software-native model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
BBP Administration social profiles
Digital presenceBBP Administration financial estimates
Financial estimateRevenue estimate
Valuation estimate
BBP Administration leadership team
Management profileNumber of profiles
BBP Administration funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BBP Administration 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 BBP Administration
What does BBP Administration do?
BBP Administration (BBP Admin) is a nationwide Third Party Administrator (TPA) that administers employee benefits programs for employers across the United States. The company administers COBRA and state continuation, FMLA leave, FSA/Section 125, HRA, HSA, Lifestyle Spending Accounts, Transit/Commuter benefits, 5500/ERISA filings, and online HR & ACA compliance services, supported by web-based employer and participant portals, mobile applications, and a dedicated customer service helpdesk. Founded in 1977, the firm operates as part of RSC Insurance Brokerage, Inc. and serves employers primarily through broker and agent channel partnerships as well as direct employer sales.
Is BBP Administration a public or private company?
BBP Administration is a private company. It is classified as family owned and is currently operating.
When was BBP Administration founded?
BBP Administration was founded in 1977. It employs 11 to 50 people.
Where is BBP Administration based?
BBP Administration is headquartered in Itasca, United States, in the North America region.
How does BBP Administration make money?
Three revenue lines are on record. Benefits Administration Fees are the primary driver. The others are 5500 and ERISA Filing Services and COBRA Administration.
Who are BBP Administration's main competitors?
Direct peers on record are HealthEquity, WEX Health, TASC (Total Administrative Services Corporation), Ameriflex, Maestro Health and OneBridge Benefits. Broad incumbents are Benefitfocus (Voya Financial), ADP Workforce Now and Paychex. Zenefits is listed as an emerging player.
Does BBP Administration have an API?
No public API is recorded for BBP Administration.
What industry is BBP Administration in?
BBP Administration's product category is Employee Benefits Administration. Its primary akta.pro industry code is HLAEALAC, COBRA & Direct Billing Administration, with a secondary code of HLAEALAH, Eligibility, Enrollment & Benefits Administration. Its NAICS code is 524292 and its SIC code is 6324.