Wilson-McShane

What Wilson-McShane does

Wilson-McShane Corporation is a privately held third-party administrator specializing in Taft-Hartley multiemployer benefit funds, founded in 1969 and headquartered in Bloomington, Minnesota. The company is engaged by joint boards of trustees — equal labor and management representation — to perform day-to-day fund administration, including contribution collection, participant eligibility determination, healthcare claims processing, pension benefit payments, recordkeeping, payroll audit and collections, and a joint workers' compensation program for Minnesota's construction industry. Its core service modules span Health and Welfare, Defined Contribution, Defined Benefit, Vacation, Apprenticeship and Training funds, Workers' Compensation, and Payroll Audit, with services customized per fund rather than standardized.

The firm's underlying platform is its people, processes, and accumulated institutional knowledge rather than a distinct software product; technology supports claims processing, pension calculations, payroll audit systems, and recordkeeping tailored to collective-bargaining-driven plans. Revenue is generated through contracted service fees negotiated with each fund's board of trustees; pricing is not publicly disclosed. The company distributes services directly via 14 office locations across Minnesota, Illinois, Missouri, Nevada, Nebraska, Wisconsin, and Iowa to 100+ Taft-Hartley funds serving industries including construction, food, arts and entertainment, retail, transportation, service, mining, and communications. Following Matt Winkel's 2022 sale of 40% of shares to an ESOP and the 2024 establishment of a four-person Executive Team, ownership is partially employee-held and governance has professionalized beyond single-founder leadership.

Name

Wilson-McShane

Legal name

Wilson-McShane Corporation

Website

https://wilson-mcshane.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

101–250 employees

Short description

Wilson-McShane Corporation is a private third-party administrator founded in 1969 that provides customized administration for over 100 Taft-Hartley multiemployer benefit funds, including health and welfare, pension, apprenticeship, and workers' compensation plans, serving joint labor-management boards of trustees across the U.S. Midwest.

Ownership category

akta.pro rank

Product category

Employee Benefit Administration Services

NAICS

Health and Welfare Funds (525120), Pension Funds (525110), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Hospital & Medical Service Plans (6324), Services-Miscellaneous Business Services (7380)

akta.pro primary industry

Taft-Hartley / Union Multiemployer Group Health Plans (FSAIAFAG)

akta.pro secondary industry

Employee Benefit & Retirement Plan Trust Services (FSAAANAC)

Keywords

• Taft-Hartley administration
• Multiemployer fund services
• Third party benefits administration
• Pension fund administration
• Health and welfare administration

Headquarters

HQ city

Bloomington

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Third Party Administration Services: Wilson-McShane generates revenue by providing third party administration services for Taft-Hartley multiemployer benefit funds. The company is hired by joint boards of trustees (comprising equal representation from labor and management) to perform administrative functions including receiving contributions from employers, determining participant eligibility, paying healthcare claims and pension benefits, and performing day-to-day recordkeeping. Services are customized for each fund, and the company also provides payroll audit and collection services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Wilson-McShane Corporation provides third-party administration services for over 100 Taft-Hartley Multiemployer benefit funds. Services include receiving employer contributions, determining participant eligibility, paying healthcare claims and pension benefits, performing day-to-day recordkeeping, payroll audit and collection, and joint workers' compensation administration for Minnesota's construction industry. Each fund's administration is customized to client-specific needs.

Product overview

Wilson-McShane Corporation offers a unified third-party administration platform for Taft-Hartley Multiemployer benefit funds. The core offering consists of seven integrated service modules: Health and Welfare Funds Administration, Defined Contribution Funds Administration, Defined Benefit Funds Administration, Vacation Funds Administration, Apprenticeship and Training Funds Administration, Workers' Compensation Administration, and Payroll Audit and Collection Services. These services are customized to each client's needs and administered jointly by labor and management trustees.

Differentiator

Problem solved

Functional benefit

Products and services

• Health and Welfare Funds Administration Administration of health and welfare plans providing medical, prescription drug, short-term disability, vision, and dental benefits to employees, retirees, and their families for Taft-Hartley multiemployer benefit funds.
• Defined Contribution Funds Administration Administration of defined contribution retirement plans which result in account balances at retirement based on contributions and investment returns for Taft-Hartley multiemployer funds.
• Defined Benefit Funds Administration Administration of defined benefit retirement plans which pay monthly benefits to retirees for their lifetime on behalf of Taft-Hartley multiemployer funds.
• Vacation Funds Administration Administration of vacation benefit plans which help employees save for vacations and time off work for Taft-Hartley multiemployer funds.
• Apprenticeship and Training Funds Administration Administration of apprenticeship and training programs that train apprentice and journey workers in their craft for Taft-Hartley multiemployer funds.
• Workers' Compensation Administration Administration of a joint workers' compensation program specifically for Minnesota's construction industry, administered jointly with labor and management trustees.
• Payroll Audit and Collection Services Payroll audit and collection services for Taft-Hartley multiemployer benefit funds, including compliance audits with invoice creation for audit discrepancies and employer audit finalization support.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Segal Group: National actuarial and benefits consulting firm with a dedicated Taft-Hartley and multiemployer practice. Directly comparable because it serves the same joint board of trustees as Wilson-McShane with overlapping benefit administration, actuarial, and consulting services.
• Zenith American Solutions: Third party administrator that specializes in Taft-Hartley multiemployer benefit fund administration. Closely comparable in target customer (joint labor-management trustees), service scope (health, welfare, pension), and geographic distribution model.
• McGregor & Associates: Specialist Taft-Hartley multiemployer third party administrator serving joint boards of trustees with health, welfare, and pension administration services. Directly competes for the same fund mandates Wilson-McShane targets.
• Associated Third Party Administrators (ATPA): Coalition of Taft-Hartley focused third party administrators providing health, welfare, and pension administration to multiemployer funds. Directly comparable niche focus and customer segment.
• Innovational Benefit Administrators: Taft-Hartley third party administrator providing health and welfare fund administration to multiemployer plans, particularly in the Midwest. Comparable in customer type and service model.

Broad incumbents

• Wakely Consulting Group: Nationally recognized actuarial and healthcare consulting firm with a dedicated multiemployer practice that advises Taft-Hartley plan trustees. Overlaps with Wilson-McShane on plan administration support, though also competes in consulting-only engagements.
• Milliman: Large global actuarial and consulting firm with a multiemployer practice that advises and supports Taft-Hartley and other collectively bargained plan sponsors. Competes for the same trustee-level relationships though with a broader service portfolio.
• Mercer: Global HR and benefits consulting firm with a multiemployer/Taft-Hartley practice serving jointly trusteed funds. Competes with Wilson-McShane at the trustee level on consulting-led engagements but offers a much broader product mix.
• Conduent: Large-scale benefits and HR services provider with third party administration capabilities for health, welfare, and absence programs. Competitor primarily where multiemployer funds look to consolidate administration onto platform-based providers.

Others

• Sedgwick: Major third party administrator for workers' compensation, disability, and leave—directly adjacent to Wilson-McShane's Minnesota construction workers' compensation joint program. Comparable operating model in workers' comp claims administration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/552818371432564
• LinkedInlinkedin.com/company/wilson-mcshane-corporation

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 Wilson-McShane