McGregor & Associates

What McGregor & Associates does

McGregor & Associates, Inc. is a privately held employee benefits administration and compliance firm founded in 1992 and headquartered at 997 Governors Lane, Suite 175, Lexington, Kentucky. The company delivers a comprehensive suite of services to employers sponsoring benefit plans — including retirement plan administration (401(k), 403(b), profit sharing, safe harbor, cross-tested, cash balance), cafeteria plans with Flexible Spending Accounts, COBRA administration, Affordable Care Act compliance reporting (Forms 1094/1095), Health Reimbursement Arrangements, Health Savings Accounts, QSEHRA, ERISA compliance, transportation fringe benefits, and direct bill / retiree billing. McGregor is led by Founder and President Todd Wetzel and serves employers of all sizes on a horizontal segmentation basis, with primary geographic reach across Kentucky, southern Ohio, Indiana, and Tennessee.

The firm's operating model is B2B professional services with quote-based fees determined by plan scope, complexity, employee count, and compliance requirements. The technology layer is assembled from third-party platforms rather than proprietary infrastructure: CDH Auth Services (Lighthouse / LH1 OnDemand) underpins FSA/HRA/HSA administration, daily payment processing, claims adjudication, and the employer and employee web portals; myRSC powers the COBRA and retiree/direct-bill portal; Colonial Direct and Colonial Surety provide Fidelity Bond compliance and quoting for 401(k) plan sponsors; and FSA Store supplies the participant-facing FSA tax savings calculator. Multiple department-specific contacts (FSA, HSA, Retirement, COBRA, ACA, ERISA, Accounting) and dedicated account managers reflect a high-touch service architecture.

Revenue is generated solely through professional services fees; pricing is not publicly disclosed. The company employs 11–50 staff, has operated continuously for 30+ years, and has accumulated six Best Places to Work in Kentucky awards (2014–2018, 2024). There is no evidence of institutional investor ownership, parent company control, M&A activity, or external funding events; the firm appears to be founder/management-owned and operates from a single Lexington headquarters with no disclosed remote offices.

Name

McGregor & Associates

Legal name

McGregor & Associates, Inc.

Website

https://mcgregoreba.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

McGregor & Associates is a privately held employee benefits administration and compliance firm, founded in 1992 and based in Lexington, Kentucky, serving employers across Kentucky, southern Ohio, Indiana, and Tennessee with retirement plan, FSA/HRA/HSA, COBRA, ACA, QSEHRA, and ERISA compliance services.

Ownership category

akta.pro rank

Product category

Employee Benefits Administration

NAICS

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

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Eligibility, Enrollment & Benefits Administration (HLAEALAH)

akta.pro secondary industries

Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK), COBRA & Direct Billing Administration (HLAEALAC)

Keywords

• Employee benefits administration
• Retirement plan administration
• COBRA administration
• ACA compliance reporting
• Flexible spending accounts

Headquarters

HQ city

Lexington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Employee Benefits Administration Services: Professional services fees for administering employee benefit plans including retirement plans, cafeteria plans (FSA), COBRA, ACA compliance, HSA, HRA, and other benefit programs. Revenue is generated through service fees charged to employer clients who sponsor benefit plans for their employees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

McGregor & Associates administers employee benefit plans for employer sponsors, including retirement plans (401(k), 403(b), profit sharing, safe harbor, cross tested, cash balance), cafeteria plans/Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), COBRA continuation coverage, Affordable Care Act (ACA) compliance reporting, ERISA compliance, Qualified Small Employer HRAs (QSEHRAs), transportation fringe benefit plans, and direct bill/retiree billing services. The firm handles plan design, implementation, claims adjudication, daily payment processing, recordkeeping, and web-based account management for both employers and plan participants.

Product overview

McGregor & Associates provides administration and compliance services for employee benefit plans through a unified platform of interconnected modules. The core offering encompasses Retirement Plan Administration (401(k), Profit Sharing, Safe Harbor, Cross Tested and Cash Balance plans), Cafeteria Plans with Flexible Spending Accounts, COBRA Administration, Affordable Care Act compliance, Health Reimbursement Arrangements, Health Savings Accounts, Direct Bill/Retiree Billing, ERISA Compliance, Qualified Small Employer HRA (QSEHRA), and Transportation Fringe Benefit Plans. These services are delivered through integrated web portals for employers and participants, with dedicated account managers and claims administration capabilities. The product portfolio functions as a comprehensive employee benefits administration ecosystem supporting all major benefit types with compliance, recordkeeping, and payment processing capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Plan Administration
• Cafeteria Plans (Flexible Spending Accounts)
• COBRA Administration
• Affordable Care Act (ACA) Compliance
• Health Reimbursement Arrangements (HRA)
• Health Savings Accounts (HSA)
• Direct Bill/Retiree Billing
• ERISA Compliance
• Qualified Small Employer Health Reimbursement Arrangement (QSEHRA)
• Transportation Fringe Benefit Plans

Quantifiable outcome

• Employers save on taxes through cafeteria plans (pre-tax deductions decreasing federal, state, and FICA income taxes) and decrease employer's FICA and payroll tax obligations.
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• CDH Auth Services (Lighthouse)coreTechnology or IntegrationCore technology partner for FSA/HRA/HSA administration. McGregor leverages CDH Auth Services (Lighthouse) platform for daily payment processing, claims adjudication, and online web access for both employer and employee portal logins.
• myRSCcoreTechnology or IntegrationTechnology partner for COBRA administration and retiree billing services. McGregor integrates with myRSC platform for COBRA login, retiree billing, and direct bill portal functionality.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Brown & Brown Insurance: Brown & Brown is a national insurance brokerage and employee benefits firm offering benefits consulting, brokerage, and increasingly administration services. It competes with McGregor for mid-market employer benefits relationships, particularly through its regional office network that overlaps McGregor's Kentucky and Tennessee footprint.
• Benefitfocus: Benefitfocus provides enterprise-scale benefits administration technology, including enrollment, ACA reporting, and consumer-driven health account tools. It serves larger employers than McGregor but competes for the same benefits administration wallet, especially as McGregor attempts to move up-market.
• WEX Inc. WEX operates a Benefits Administration segment providing HSA, FSA, HRA, COBRA, and commuter benefit account administration through its WEX Health Cloud platform. WEX competes with McGregor across nearly all of its core CDH/COBRA product lines while serving a much larger, national employer base.
• ADP (TotalSource / Workforce Now): ADP offers payroll plus integrated benefits administration, including FSA/HSA/COBRA and retirement through partnerships, primarily to small and mid-market employers. While ADP's primary value is payroll, its bundled benefits offerings directly compete with McGregor's standalone administration services.

Direct peers

• PlanSource Benefits Administration: PlanSource is a benefits administration technology platform serving mid-market and enterprise employers with benefits enrollment, decision support, and ongoing administration. It overlaps with McGregor's eligibility/enrollment and benefits administration scope for employers seeking a digital, multi-product benefits platform.
• Ameriflex: Ameriflex is a benefits administration company specializing in FSA, HSA, HRA, COBRA, and commuter benefits for employers of all sizes. Its product mix and target customer profile directly mirror McGregor's core offerings, making it a close comparable for size, scope, and market positioning.
• TASC (Total Administrative Services Corporation): TASC provides FSA, HRA, HSA, COBRA, and other consumer-directed benefit administration services to employers nationwide. As a dedicated CDH/benefits TPA, TASC is one of the closest direct comparisons to McGregor's core service offering and target mid-market employer customer.
• HealthEquity: HealthEquity is a leading consumer-directed benefits administrator specializing in HSA, FSA, HRA, and COBRA administration for employers of all sizes. McGregor directly competes with HealthEquity in the FSA/HSA/HRA/COBRA administration services that form the core of both companies' offerings, though HealthEquity operates at substantially greater national scale.
• CBIZ: CBIZ provides employee benefits consulting, retirement plan administration, and HR-related advisory services to mid-market employers nationwide. It mirrors McGregor's combination of retirement plan administration with broader benefits compliance and consulting.
• OneDigital: OneDigital is a national insurance brokerage, benefits consulting, and HR outsourcing firm serving mid-market and large employers. It directly overlaps McGregor's combination of plan design consulting, benefits administration, and compliance support services across retirement, CDH, COBRA, and ACA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mcgregorassoc
• Facebookfacebook.com/pages/McGregor-Associates-Inc/142016325837321?sk=info
• LinkedInlinkedin.com/company/mcgregor-&-associates-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 McGregor & Associates