Oklahoma Employee Benefits & Insurance
Oklahoma Employee Benefits & Insurance is an independent insurance agency in Oklahoma City that provides consultative employee benefits, group and individual insurance, and administrative services to Oklahoma small businesses with 2 to 200 employees and self-employed individuals.
- Company typePrivate
- Founded1997
- HeadquartersOklahoma City, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Oklahoma Employee Benefits & Insurance does
Oklahoma Employee Benefits & Insurance, LLC is an independent, privately held insurance agency headquartered at 3030 NW Expressway, Suite 300, Oklahoma City. Founded in 1997 by Randy S. Schreier, CPA, the firm has operated continuously for 25+ years as a sole controlling entity with no institutional investors, parent company, or external ownership stake. It targets two segments: Oklahoma-based small businesses with 2 to 200 employees seeking to establish or evaluate employee benefit plans, and Oklahoma-based self-employed individuals needing guidance on life, disability, long-term care, Medicare supplements, and related coverages. Service delivery is consultative: 15-minute discovery calls, in-person consultations at the Oklahoma City office, ongoing administrative support, claims assistance, employee enrollment meetings, and annual plan reviews.
The product portfolio comprises Employee Benefit Plans (group health, dental, vision, life, disability, long-term care, voluntary benefits), Administrative and Compliance Services (Cafeteria Plans, HSAs, HRAs, COBRA, ERISA documents, Insure Oklahoma O-EPIC program assistance), Executive Benefit Plans (non-qualified deferred compensation, executive bonus, key person, buy-sell), and Individual Insurance. Retirement plan services (401(k), Roth 401(k), SIMPLE IRA, SEP) are delivered through affiliated entity Schreier Financial, LLC, a registered investment adviser limited to the State of Oklahoma. The firm operates no proprietary technology platform; the only digital surface is a ShareFile-based online portal that gives clients access to benefit summaries, policies, and forms.
The business model is commission-driven: primary revenue comes from insurance carrier commissions on placed and renewed policies (typically a percentage of premium, per-insured fee, or fixed non-negotiable amount for small groups under 50 employees), supplemented by occasional client service fees and contingent bonuses from carriers based on volume, retention, and other criteria. Go-to-market is direct and local, relying on a Wix-built website, LinkedIn/Twitter/Facebook presence owned by the founder, educational blog content, and referrals through professional affiliations (NABIP, NAIFA, Oklahoma Society of CPAs, AICPA, OKC Chamber). The firm serves exclusively the State of Oklahoma and has no documented plans for geographic expansion, additional headcount, external capital, or technology investment beyond the existing client portal.
Oklahoma Employee Benefits & Insurance firmographics
Firmographics- Name
- Oklahoma Employee Benefits & Insurance
- Legal name
- Oklahoma Employee Benefits & Insurance, LLC
- Website
- https://okemployeebenefits.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Oklahoma Employee Benefits & Insurance is an independent insurance agency in Oklahoma City that provides consultative employee benefits, group and individual insurance, and administrative services to Oklahoma small businesses with 2 to 200 employees and self-employed individuals.
- Ownership category
- akta.pro rank
Oklahoma Employee Benefits & Insurance industry classification
Industry- Product category
- Insurance Brokerage Services
- NAICS
- Insurance Agencies and Brokerages (524210), 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), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Employee Benefits Brokerage & Consulting (FSAEADAC)
- akta.pro secondary industries
- Benefits Administration (BPACAPAC), Benefits Administration & Enrollment Support (BPAAAIAB), Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK), Workforce Benefits Administration (Enrollment & Deductions) (BPACAIAF)
Keywords
Where Oklahoma Employee Benefits & Insurance is headquartered
LocationHeadquarters
- HQ city
- Oklahoma City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Oklahoma Employee Benefits & Insurance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Others
Revenue model
- Insurance Carrier Commissions: Primary revenue stream from commissions paid by insurance carriers when policies are placed or renewed. Commissions are typically a percentage of premium, per-insured fee, or negotiated rate. For small groups under 50 employees, commission is typically a fixed non-negotiable amount set by the carrier.
- Client Service Fees: On occasion, the firm imposes a service fee instead of or alongside commissions from insurers. Fee-based agreements are outlined in written service or consulting agreements specifying services, timeframe, and fee amount.
- Contingent Commissions: Some insurers offer contingent commissions based on volume of business, policy retention, and other criteria established by the insurer. These are not directly incorporated into premiums paid by clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Commission-based insurance placement |
| Other | Multi-year contract | Fee-based consulting services |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Oklahoma Employee Benefits & Insurance product offering
Product offeringCore offering
Oklahoma Employee Benefits & Insurance, LLC is an independent insurance agency that consults with Oklahoma-based small businesses (2 to 200 employees) and self-employed individuals to select, implement, and manage employee benefit plans, group insurance coverage, individual insurance products, and retirement plans. The firm earns revenue primarily through commissions paid by insurance carriers when policies are placed or renewed, supplemented by contingent commissions and occasional fee-based consulting engagements under written service agreements. Recommendations are made across multiple carriers without obligation to any single insurance company, paired with ongoing administrative support, claims assistance, annual reviews, and enrollment meetings.
Product overview
Oklahoma Employee Benefits & Insurance is a consultative services company offering a coordinated portfolio of employee benefit and insurance solutions for Oklahoma small businesses and individuals. The core offering is Employee Benefit Plans for small businesses with 2-200 employees, supported by product modules including Group Insurance Plans (Health, Dental, Vision, Life, Disability, Long-Term Care, Voluntary Benefits), Administrative & Compliance Services (Cafeteria Plans, HSAs, HRAs, COBRA, ERISA), Executive Benefit Plans (deferred compensation, key person insurance), and Retirement Plans (401k, SIMPLE IRA, SEP). For individuals, they provide insurance advisory services covering life, disability, health, Medicare supplements, and travel health. An Online Benefits Portal provides clients digital access to plan information. The company also assists with the Insure Oklahoma (O-EPIC) government premium assistance program.
Differentiator
Problem solved
Functional benefit
Products and services
- Employee Benefit Plans Consulting service for Oklahoma-based small businesses (2-200 employees) to select, implement, and manage employee benefit plans, including group insurance (Health, Dental, Vision, Life, Disability, Long-Term Care, Voluntary Benefits), administrative and compliance services (Cafeteria Plans, HSAs, HRAs, COBRA, ERISA plan documents), executive benefit plans (non-qualified deferred compensation, executive bonus, Key Person, Buy-Sell), and ongoing administrative support.
- Individual Insurance Insurance advisory service for Oklahoma-based self-employed individuals and other individual consumers covering life, disability, long-term care, health, dental, vision, Medicare supplements, and international travel health plans. Recommendations are not directed by any single insurance carrier.
- Retirement Plans Retirement plan services offered through affiliated Schreier Financial, LLC (a registered investment adviser in Oklahoma), including 401(k)s, Roth 401(k)s, SIMPLE IRAs, and SEPs for small business clients.
Companies that use Oklahoma Employee Benefits & Insurance
Customer profileSegments2 records
Ideal customer profiles2 records
Oklahoma Employee Benefits & Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Oklahoma Employee Benefits & Insurance partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor.
- National Association of Benefits and Insurance Professionals (NABIP)minorProfessional membership organization providing industry networking, education, and advocacy. The firm displays the NABIP logo indicating active membership.
- National Association of Insurance & Financial Advisors (NAIFA)minorProfessional membership organization for insurance and financial advisors providing advocacy, education, and networking opportunities. The firm maintains local chapter membership.
- Oklahoma Society of Certified Public AccountantsminorState-level CPA professional organization providing resources, continuing education, and networking. The firm maintains both state and local chapter membership.
- American Institute of Certified Public Accountants (AICPA)minorNational professional organization for CPAs. The firm is a member of AICPA and its Personal Financial Planning Section.
- OKC Chamber of CommerceminorLocal business chamber providing networking, advocacy, and business development resources in the Oklahoma City metropolitan area.
- Insure Oklahoma ProgramminorState-sponsored program (O-EPIC) that assists Oklahoma employers with premium payments for qualified employees. The firm assists clients with the application process for this program.
Scale indicators2 records
Recent moves5 records
Expansion highlights3 records
Oklahoma Employee Benefits & Insurance competitors and assessment
Company assessmentBroad incumbents
- HUB International: Major North American insurance brokerage with strong employee benefits and small/mid-market business. Competes for the same Oklahoma small-business benefits clients, but at a much larger scale and with broader product lines including P&C and personal lines.
- Lockton: Largest independent insurance brokerage in the U.S. with major employee benefits practice serving small/mid-market employers. Comparable in independent (non-captive) positioning, though at much greater scale and with proprietary consulting capabilities.
- USI Insurance Services: Top-10 U.S. insurance brokerage with substantial employee benefits and small/mid-market business. Competes for the same group benefits RFPs as OEB&I, but with proprietary risk-management technology and significantly larger producer teams.
- OneDigital: Large U.S. employee benefits-focused firm providing brokerage, consulting, and benefits administration. Directly comparable in service mix (group benefits, retirement, individual) but with proprietary technology and a national footprint.
- Marsh & McLennan (Mercer): Global professional services firm whose Mercer segment provides benefits brokerage, consulting, and administration. Competes for the same small/mid-market employee benefits opportunities as OEB&I, particularly where buyers want a 'big four' name.
- Brown & Brown: National insurance brokerage and benefits consulting firm with extensive small-business and middle-market benefits capabilities. Overlaps with OEB&I on group benefits placement and consulting for small employers, but operates nationally with thousands of employees.
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm with deep U.S. middle-market and small-business benefits practice. Overlaps with OEB&I on group benefits placement, retirement consulting, and individual insurance for executives.
Direct peers
- TrueNorth Companies: Mid-sized independent insurance, benefits, and financial services firm focused on small and mid-sized businesses. Closely mirrors OEB&I's consultative, multi-product (benefits + retirement + individual) model at a moderately larger scale.
- Leavitt Group: Large independent insurance brokerage network with deep small-business and employee benefits focus, including strong regional presence across multiple U.S. states. Operates on a similar 'independent agency' model with carrier-agnostic placement and consultative services for SMBs — a direct strategic and operational analog to OEB&I at vastly greater scale.
- AssurePartners: National insurance brokerage built largely through acquisition of mid-sized independent agencies, with strong small-commercial and benefits focus. Represents the strategic exit path for an OEB&I-style agency and a model for a roll-up acquirer.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Oklahoma Employee Benefits & Insurance social profiles
Digital presenceOklahoma Employee Benefits & Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oklahoma Employee Benefits & Insurance leadership team
Management profileNumber of profiles
Profiles2 records
Oklahoma Employee Benefits & Insurance subsidiaries and ownership
Company hierarchySubsidiaries1 record
Oklahoma Employee Benefits & Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oklahoma Employee Benefits & Insurance 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 Oklahoma Employee Benefits & Insurance
What does Oklahoma Employee Benefits & Insurance do?
Oklahoma Employee Benefits & Insurance, LLC is an independent insurance agency that consults with Oklahoma-based small businesses (2 to 200 employees) and self-employed individuals to select, implement, and manage employee benefit plans, group insurance coverage, individual insurance products, and retirement plans. The firm earns revenue primarily through commissions paid by insurance carriers when policies are placed or renewed, supplemented by contingent commissions and occasional fee-based consulting engagements under written service agreements. Recommendations are made across multiple carriers without obligation to any single insurance company, paired with ongoing administrative support, claims assistance, annual reviews, and enrollment meetings.
Is Oklahoma Employee Benefits & Insurance a public or private company?
Oklahoma Employee Benefits & Insurance is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Oklahoma Employee Benefits & Insurance founded?
Oklahoma Employee Benefits & Insurance was founded in 1997. It employs 1 to 10 people.
Where is Oklahoma Employee Benefits & Insurance based?
Oklahoma Employee Benefits & Insurance is headquartered in Oklahoma City, United States, in the North America region.
How does Oklahoma Employee Benefits & Insurance make money?
Three revenue lines are on record. Insurance Carrier Commissions are the primary driver. The others are client Service Fees and contingent Commissions.
Who are Oklahoma Employee Benefits & Insurance's main competitors?
Broad incumbents on record are HUB International, Lockton, USI Insurance Services, OneDigital, Marsh & McLennan (Mercer), Brown & Brown and Arthur J. Gallagher & Co.. Direct peers are TrueNorth Companies, Leavitt Group and AssurePartners.
Does Oklahoma Employee Benefits & Insurance have an API?
No public API is recorded for Oklahoma Employee Benefits & Insurance.
What industry is Oklahoma Employee Benefits & Insurance in?
Oklahoma Employee Benefits & Insurance's product category is Insurance Brokerage Services. Its primary akta.pro industry code is FSAEADAC, Employee Benefits Brokerage & Consulting, with a secondary code of BPACAPAC, Benefits Administration. Its NAICS code is 524210 and its SIC code is 6411.