Midwest Group Benefits
Midwest Group Benefits is a privately-held Third Party Administrator (TPA) founded in 1984 in Decorah, Iowa, providing health, HSA/FSA/HRA, retirement, COBRA, and SUB plan administration to mid-sized employers and the NEISIT 10-school trust, distributed via broker partners through its Summit member portal.
- Company typePrivate
- Founded1984
- HeadquartersDecorah, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Midwest Group Benefits does
Midwest Group Benefits, Inc. is a privately-held Third Party Administrator (TPA) headquartered in Decorah, Iowa, founded in 1984 to deliver outsourced administration of employer-sponsored employee benefit plans. The company operates a full-service TPA model covering health plan administration (including partially self-funded plans, HRAs, and ACA-compliant plans), HSA and FSA/flex plans, HRA plans, retirement/401(k) administration, COBRA continuation coverage, Supplemental Unemployment Benefit (SUB) plans, and payroll-adjacent services. Its primary customer segments are mid-sized employers and the NEISIT (Northeast Iowa Schools Insurance Trust) consortium of 10 school districts, for which Midwest has served as Trust Consultant and TPA since 2002.
The company's core technology is the Summit platform — a member and employer portal that consolidates claims submission, HSA/FSA/HRA account access, retirement plan viewing, and provider pay into a single interface. Summit is integrated with third-party recordkeepers and service providers across retirement (John Hancock, American Funds, Empower, Principal, VOYA, T. Rowe Price, Ohio National, Ascensus, Transamerica, OneAmerica), health insurance (Wellmark Blue Cross/Blue Shield for NEISIT), flex plan management (MyFlexOnline), and partial-funding claims (Webeci). The platform is operated by a staff of approximately 10, including an APA-credentialed Agency President, a CPA-credentialed compliance consultant, and long-tenured claims processors.
Midwest generates revenue through professional-services TPA fees for plan administration, claims processing, eligibility management, implementation, reporting, and compliance support. Go-to-market is sales-led and broker-partner-driven, with explicit positioning as a regional Midwest firm with national reach via the Summit portal. The company is independently owned with no institutional investment or parent entity disclosed.
Midwest Group Benefits firmographics
Firmographics- Name
- Midwest Group Benefits
- Legal name
- Midwest Group Benefits, Inc.
- Website
- https://midwestbenefits.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Midwest Group Benefits is a privately-held Third Party Administrator (TPA) founded in 1984 in Decorah, Iowa, providing health, HSA/FSA/HRA, retirement, COBRA, and SUB plan administration to mid-sized employers and the NEISIT 10-school trust, distributed via broker partners through its Summit member portal.
- Ownership category
- akta.pro rank
Midwest Group Benefits industry classification
Industry- Product category
- Employee Benefits Administration (Third Party Administration)
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Health and Welfare Funds (525120)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Self-Funded Employer Plan TPA (ASO Administration) (HLAEALAA)
- akta.pro secondary industries
- Eligibility, Enrollment & Benefits Administration (HLAEALAH), Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK), Ancillary Benefits TPA (Dental/Vision/Life/Accident/Critical Illness) (HLAEALAN)
Keywords
Where Midwest Group Benefits is headquartered
LocationHeadquarters
- HQ city
- Decorah
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Midwest Group Benefits business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Third Party Administration Fees: Midwest Group Benefits generates revenue as a full-service Third Party Administrator (TPA) for employee benefit plans, providing administrative services including claims processing, eligibility, implementation, day-to-day service, reporting and compliance in a professional and cost-effective manner.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Midwest Group Benefits product offering
Product offeringCore offering
Midwest Group Benefits is a full-service Third Party Administrator (TPA) for employee benefit plans, providing administrative services including claims processing, eligibility management, implementation, day-to-day service, reporting, and compliance for employers and school districts. The company administers partially self-funded health plans, HRAs, HSAs, flexible spending accounts, COBRA continuation coverage, retirement/401(k) plans, SUB plans, and payroll-related benefits through its Summit member portal.
Product overview
Midwest Group Benefits is a full-service Third Party Administrator (TPA) for employee benefit plans, offering a unified platform called Summit alongside specialized benefit administration modules. The portfolio includes health plans (partially self-funded, HRA, ACA), HSA plans, Flex/FSA plans, HRA plans, retirement/401(k) plans, SUB plans, COBRA administration, and payroll services. The company also administers NEISIT (Northeast Iowa Schools Insurance Trust), a consortium health insurance trust for regional school districts. Summit serves as the member-facing portal for account access, claims, and plan management.
Differentiator
Problem solved
Functional benefit
Products and services
- Summit Member Portal Member-facing online portal for employee benefits management, including claims submission, HSA/FSA/HRA account access, and retirement plan viewing, used by employer clients and their employees.
- Group Health Plans (Partially Self-Funded / HRA) Administration of partially self-funded group health plans and Health Reimbursement Arrangements (HRAs) for employers, including ACA-compliant plan administration.
- HSA Plans Health Savings Account plan administration for eligible individuals enrolled in high-deductible health plans.
- Flex Plans / Flexible Spending Accounts Flexible benefit plan administration including Premium Only Plans and Flexible Spending Account Plans, with Summit Participant Account access.
- HRA Plans Health Reimbursement Arrangement plan administration for employer-funded health benefit reimbursement.
- Retirement Plans / 401(k) Administration Retirement plan administration with integration to multiple retirement plan providers including John Hancock, American Funds, Empower, Principal Financial, VOYA, T. Rowe Price, Ohio National, Ascensus, Transamerica, and OneAmerica.
- SUB Plans Supplemental Unemployment Benefit Plan administration, with NeuBridg as the technology partner.
- COBRA Administration COBRA continuation coverage administration for employers to manage qualifying events and continuation coverage obligations.
- Payroll Payroll-related benefits administration services for employer clients.
- NEISIT (Northeast Iowa Schools Insurance Trust) Administration Consortium health insurance trust administered by Midwest Group Benefits for regional school districts, offering partially self-funded health plans through Wellmark Blue Cross/Blue Shield.
Companies that use Midwest Group Benefits
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Midwest Group Benefits technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
Midwest Group Benefits partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- NEISIT (Northeast Iowa Schools Insurance Trust)coreTrust established 1986-1987 with member school districts. Midwest Group Benefits serves as Trust Consultant and Administrator since July 2002. NEISIT currently consists of 10 schools managing partially self-funded health plans through Wellmark Blue Cross/Blue Shield with Midwest Group Benefits as TPA. Board consists of 10 Superintendents who are also Trustees of the Trust
- Wellmark Blue Cross/Blue ShieldcoreFully insured health plan carrier for NEISIT's partially self-funded health plans. Wellmark provides the fully insured health plan component while Midwest Group Benefits administers the partial self-funding as TPA since July 2009
- WellmarkcoreHealth insurance provider for NEISIT member schools, integrated through Midwest Group Benefits administration
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Midwest Group Benefits competitors and assessment
Company assessmentBroad incumbents
- Arthur J. Gallagher & Co. Large global insurance brokerage and risk management firm with a substantial TPA and benefits administration arm. The presence of AJG's privacy notice on Midwest Group Benefits' website suggests an operational/platform affiliation; AJG competes broadly in the same employee-benefits administration space, including self-funded plan administration.
- Alliant Insurance Services: National insurance brokerage with employee benefits consulting and administration capabilities for self-funded plans. Competes for similar employer clients, though at materially larger scale and broader scope than MGB.
- Lockton: Largest privately held insurance brokerage, with benefits consulting and administration services for mid-to-large employers including self-funded health plan administration. Overlaps with MGB's benefits administration and consulting value proposition.
- NFP (Aon): Property/casualty, benefits, and retirement consulting and administration firm. Competes in the same mid-market employer benefits space with TPA and self-funded administration offerings; now part of Aon, bringing scale advantages MGB lacks.
- Hub International: Large North American insurance brokerage with employee benefits and group benefits administration capabilities. Targets similar mid-market employers with bundled benefits solutions and competes for broker-routed accounts.
- Brown & Brown: National insurance brokerage and risk management firm with growing employee benefits practice. Provides TPA-adjacent services and competes for employer benefits administration mandates.
Direct peers
- OneDigital: Mid-market-focused insurance, benefits, and HR consulting firm with TPA-adjacent administration services for self-funded health, retirement, and COBRA — directly comparable to Midwest Group Benefits' bundled TPA offering for small/mid employers and school districts.
- Maestro Health: Tech-enabled TPA offering self-funded health plan administration, COBRA, FSA/HRA, and benefits technology — a direct TPA competitor serving small/mid employers, comparable in product mix to Midwest Group Benefits' HSA/FSA/HRA/COBRA stack.
- HealthComp: Independent third-party administrator specializing in self-funded health plans, COBRA, FSA/HRA, and integrated benefits administration. Closely comparable operating model to MGB with broader scale and national footprint.
- AmeriFlex: TPA focused on FSA, HRA, HSA, COBRA, and commuter benefits administration. Overlaps directly with MGB's Summit-driven FSA/HRA/HSA/COBRA service lines and competes for similar employer accounts via brokers.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Midwest Group Benefits social profiles
Digital presenceMidwest Group Benefits compliance and trust
Trust signalCompliance1 record
Midwest Group Benefits financial estimates
Financial estimateRevenue estimate
Valuation estimate
Midwest Group Benefits leadership team
Management profileNumber of profiles
Profiles3 records
Midwest Group Benefits funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Midwest Group 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 Midwest Group Benefits
What does Midwest Group Benefits do?
Midwest Group Benefits is a full-service Third Party Administrator (TPA) for employee benefit plans, providing administrative services including claims processing, eligibility management, implementation, day-to-day service, reporting, and compliance for employers and school districts. The company administers partially self-funded health plans, HRAs, HSAs, flexible spending accounts, COBRA continuation coverage, retirement/401(k) plans, SUB plans, and payroll-related benefits through its Summit member portal.
Is Midwest Group Benefits a public or private company?
Midwest Group Benefits is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Midwest Group Benefits founded?
Midwest Group Benefits was founded in 1984. It employs 1 to 10 people.
Where is Midwest Group Benefits based?
Midwest Group Benefits is headquartered in Decorah, United States, in the North America region.
How does Midwest Group Benefits make money?
One revenue line is on record: third Party Administration Fees.
Who are Midwest Group Benefits's main competitors?
Broad incumbents on record are Arthur J. Gallagher & Co., Alliant Insurance Services, Lockton, NFP (Aon), Hub International and Brown & Brown. Direct peers are OneDigital, Maestro Health, HealthComp and AmeriFlex.
Does Midwest Group Benefits have an API?
No public API is recorded for Midwest Group Benefits.
What industry is Midwest Group Benefits in?
Midwest Group Benefits's product category is Employee Benefits Administration (Third Party Administration). Its primary akta.pro industry code is HLAEALAA, Self-Funded Employer Plan TPA (ASO Administration), with a secondary code of HLAEALAH, Eligibility, Enrollment & Benefits Administration. Its NAICS code is 524292 and its SIC code is 6324.