Tic International
Tic International (DBA TIC Midwest) provides consulting and third-party administration for multiemployer health care, defined benefit pension, and defined contribution/401(k) plans. Founded in 1951, the Indianapolis, Indiana-based firm serves employee benefit plan trustees with integrated consulting, actuarial, and administrative services.
- Company typePrivate
- Founded1951
- HeadquartersCarmel, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
Tic International firmographics
Firmographics- Name
- Tic International
- Legal name
- TIC Midwest
- Website
- https://tici.com
- Company type
- Private
- Founded year
- 1951
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Tic International (DBA TIC Midwest) provides consulting and third-party administration for multiemployer health care, defined benefit pension, and defined contribution/401(k) plans. Founded in 1951, the Indianapolis, Indiana-based firm serves employee benefit plan trustees with integrated consulting, actuarial, and administrative services.
- Ownership category
- akta.pro rank
Where Tic International is headquartered
LocationHeadquarters
- HQ city
- Carmel
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Tic International business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D
Tic International product offering
Product offeringCore offering
TIC Midwest (Tic International) provides consulting and third-party administration services for multiemployer employee benefit plans, including health care, defined benefit pension, and defined contribution/401(k) plans. The firm delivers plan design, funding, eligibility testing, claim adjudication, benefit payment, and regulatory compliance services spanning FASB ASC 965, COBRA, HIPAA, SPDs, QMCSOs, and QDROs.
Differentiator
Problem solved
Functional benefit
Products and services
- Multiemployer Health Care Plan Administration Third party administration and consulting services for multiemployer health care plans, including claim adjudication, benefit payment processing, and regulatory compliance with HIPAA and COBRA requirements. Designed for trustees of multiemployer health benefit trusts.
- Defined Benefit Pension Plan Administration Consulting and third-party administration for multiemployer defined benefit pension plans, including plan design, funding analysis, eligibility testing, benefit calculations and payments, and FASB ASC 965 (formerly SOP 92-6) compliance support.
- Defined Contribution/401(k) Plan Administration Third-party administration services for multiemployer defined contribution retirement plans, including eligibility testing, compliance testing, participant management, and distribution/benefit payment processing for 401(k) plans.
- Specialized Plan Document and Order Administration Administrative support services including Summary Plan Description (SPD) preparation, Qualified Medical Child Support Order (QMCSO) administration, and Qualified Domestic Relations Order (QDRO) processing for multiemployer benefit plans.
Companies that use Tic International
Customer profileSegments3 records
Ideal customer profiles1 record
Tic International technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Tic International partnerships and signals
Strategic signalScale indicators1 record
Tic International competitors and assessment
Company assessmentDirect peers
- Wakely Consulting Group: Specialized actuarial and healthcare consulting firm serving insurance and multiemployer plan clients; closely comparable niche, consulting-led actuarial focus to TIC Midwest.
- Buck Global: Actuarial, consulting, and administration firm serving mid-market and multiemployer plan clients with integrated consulting-plus-administration services comparable in scope and client type to TIC Midwest.
- Segal Group: One of the largest independent consulting and actuarial firms focused on multiemployer benefit plans, providing consulting, actuarial, and administration services directly comparable to TIC Midwest's offerings across health, DB pension, and DC plans.
Broad incumbents
- Ascensus: Leading recordkeeper and TPA specializing in retirement, education savings, and ABLE plans; technology-enabled platform that competes directly with TIC Midwest's service-only delivery model.
- Willis Towers Watson (WTW): Global advisory firm with a large retirement and actuarial practice serving multiemployer clients; overlaps with TIC Midwest on consulting but at much larger scale and broader portfolio.
- Empower Retirement: Largest U.S. retirement plan recordkeeper and TPA, providing DC and DB administration at scale; competes with TIC Midwest on plan administration but is technology-led and far larger.
- Milliman: Global actuarial and consulting firm with a substantial multiemployer plan practice; far larger and broader than TIC Midwest but competes for the same trustee clients on actuarial and consulting mandates.
- Newport Group: National retirement plan recordkeeper and consulting firm providing DC, DB, and healthcare administration; competes on the same plan types as TIC Midwest but with proprietary technology and broader scale.
- Aon: Major benefits consulting and brokerage firm with significant retirement and multiemployer consulting capability; offers overlapping services but operates at a global scale far beyond TIC Midwest.
- Mercer: Global benefits consulting and administration firm with deep multiemployer and DB pension practice; competes for the same trustees but at much larger scale and broader service scope than TIC Midwest.
Market position
Customer concentration
Tic International social profiles
Digital presenceTic International financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tic International leadership team
Management profileNumber of profiles
Tic International funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tic International 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 Tic International
What does Tic International do?
TIC Midwest (Tic International) provides consulting and third-party administration services for multiemployer employee benefit plans, including health care, defined benefit pension, and defined contribution/401(k) plans. The firm delivers plan design, funding, eligibility testing, claim adjudication, benefit payment, and regulatory compliance services spanning FASB ASC 965, COBRA, HIPAA, SPDs, QMCSOs, and QDROs.
Is Tic International a public or private company?
Tic International is a private company. It is classified as unknown and is currently operating.
When was Tic International founded?
Tic International was founded in 1951. It employs 51 to 100 people.
Where is Tic International based?
Tic International is headquartered in Carmel, United States, in the North America region.
Who are Tic International's main competitors?
Direct peers on record are Wakely Consulting Group, Buck Global and Segal Group. Broad incumbents are Ascensus, Willis Towers Watson (WTW), Empower Retirement, Milliman, Newport Group, Aon and Mercer.
Does Tic International have an API?
No public API is recorded for Tic International.