Employee Benefit Services
Employee Benefit Services (EBS Incorporated) is a San Antonio, Texas-based third-party administrator that administers FSA, HRA, HSA, COBRA, Section 125, eligibility, and ACA reporting for employers, HR departments, and insurance brokers via its EBSEnroll and WealthCare Portal platforms.
- Company typePrivate
- Founded1989
- HeadquartersSan Antonio, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Employee Benefit Services does
Employee Benefit Services (DBA: EBS, EBSTPA, EBS Third Party Administration) is a privately held Texas-incorporated third-party administrator (TPA) headquartered in San Antonio at 45 NE Loop 410, Ste. 690. The company administers consumer-directed healthcare accounts and related benefit plans on behalf of employers and HR departments, with core service lines spanning Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA), Health Savings Accounts (HSA), COBRA continuation coverage administration, Section 125 cafeteria plan administration, employee eligibility management, and ACA Form 1094/1095 preparation and reporting.
The company's technology stack centers on two proprietary platforms: EBSEnroll, an online enrollment management system that brings employer, broker, and employee benefit activities into a single workflow and automates the employee lifecycle from onboarding through COBRA; and the WealthCare Portal, a web-based customer portal delivering video tutorials, interactive calculators, FAQs, forms/documents, and real-time balance checking for HSA, HRA, and FSA participants. Together these systems position EBS as a consolidated-vendor alternative to employers who would otherwise piece together multiple benefit administrators.
EBS generates revenue through recurring third-party administration fees on the accounts and plans it manages, with the revenue model classified as subscription/recurring. Its go-to-market is sales-led, combining phone-based direct outreach (a prominent toll-free 800 number and local San Antonio lines) with online self-service via EBSEnroll and the WealthCare Portal. Customer segments are horizontal and include employers/HR departments and insurance brokers; the company serves the domestic U.S. market with a stated Texas geographic footprint and operates without disclosed funding, parent company, or public-market status.
Employee Benefit Services firmographics
Firmographics- Name
- Employee Benefit Services
- Legal name
- EBS Incorporated
- Website
- https://ebstpa.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Employee Benefit Services (EBS Incorporated) is a San Antonio, Texas-based third-party administrator that administers FSA, HRA, HSA, COBRA, Section 125, eligibility, and ACA reporting for employers, HR departments, and insurance brokers via its EBSEnroll and WealthCare Portal platforms.
- Ownership category
- akta.pro rank
Employee Benefit Services industry classification
Industry- Product category
- Employee Benefits Administration
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
- SIC
- Accident & Health Insurance (6321), Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)
- akta.pro secondary industries
- Workforce Benefits Administration (Enrollment & Deductions) (BPACAIAF), Benefits Administration (BPACAPAC), Benefits Administration & Enrollment Support (BPAAAIAB)
Keywords
Where Employee Benefit Services is headquartered
LocationHeadquarters
- HQ city
- San Antonio
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Employee Benefit Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Benefit Plan Administration Services: EBS generates revenue through third-party administration fees for managing employee benefit plans including FSA, HRA, HSA administration, COBRA compliance, Section 125 plan administration, eligibility management, and ACA reporting services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Employee Benefit Services product offering
Product offeringCore offering
Employee Benefit Services (EBS) is a third-party administrator that provides benefit plan administration services for employers and HR departments, including FSA, HRA, HSA, COBRA, Section 125 plan administration, eligibility management, and ACA 1094/1095 reporting. The company operates an online enrollment management system (EBSEnroll) and the WealthCare Portal to consolidate employer, broker, and employee benefit activities onto a single platform, automating the employee lifecycle from onboarding through COBRA.
Product overview
Employee Benefit Services (EBS) offers a unified employee benefit administration solution rather than a platform-plus-modules architecture. The core service encompasses Section 125 Plan Administration, Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA), Health Savings Accounts (HSA), and online enrollment through EBSEnroll. These products work together as a comprehensive benefits management suite, with additional services including Eligibility Management, COBRA Administration, and ACA 1094 & 1095 Form Preparation. The platform provides video libraries, interactive calculators, FAQs, and downloadable claim forms to support employers, HR departments, brokers, and employees throughout the benefit lifecycle from on-boarding through COBRA.
Differentiator
Problem solved
Functional benefit
Brands
- EBSEnroll: Online enrollment management system designed to bring benefit activities of employers, brokers and employees together in one platform. Manages employee lifecycle from On-Boarding through COBRA process.
Products and services
- FSA (Flexible Spending Accounts) Flexible Spending Accounts allow employers and employees to set money aside pre-tax for healthcare and dependent care expenses. EBS provides video tutorials, FAQs, and interactive calculators to help users understand and manage their FSA accounts.
- HRA (Health Reimbursement Arrangements) Health Reimbursement Arrangements are employer-funded accounts that employees use to pay for covered healthcare expenses, also referred to as Medical Care Accounts or Personal Care Accounts, with coverage varying by employer plan documents.
- HSA (Health Savings Accounts) Health Savings Accounts are individual-owned accounts that allow setting aside money on a pre-tax basis to pay for qualified medical expenses, supported by video tutorials, FAQs, and interactive calculators.
- EBSEnroll An online enrollment management system designed to bring together the benefit activities of employers, brokers, and employees in one platform. It seamlessly manages the employee lifecycle from on-boarding through the COBRA process, automating each step to streamline workflow.
- COBRA Administration COBRA administration services including COBRA Actuary Study, Initial COBRA Rights Notice, Qualifying Event Notice, Premium Coupons, Premium Acceptance, and a web-based system for managing continuation coverage.
- Section 125 Plan Administration Section 125 Plan Administration services helping HR departments manage cafeteria plan benefits including pre-tax deductions for healthcare and dependent care.
- Eligibility Management Eligibility management services to help employers track and manage employee eligibility for benefit plans.
- ACA Form Preparation (1094 & 1095) Affordable Care Act compliance services including 1094 and 1095 form preparation and reporting for employers.
Companies that use Employee Benefit Services
Customer profileSegments2 records
Ideal customer profiles2 records
Employee Benefit Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Employee Benefit Services partnerships and signals
Strategic signalRecent moves1 record
Expansion highlights3 records
Employee Benefit Services competitors and assessment
Company assessmentBroad incumbents
- Paychex PEO: PEO and benefits administration services bundled into Paychex's payroll platform. Competes for SMB employer customers seeking a single vendor for HR, payroll, and benefits.
- ADP TotalSource: National PEO bundling benefits administration (FSA/HRA/COBRA/section 125) into a broader payroll/HCM platform. Competes for the same employer customers via a much wider portfolio.
Direct peers
- WEX Health (formerly Discovery Benefits): Cloud-based benefits administration platform within WEX offering HSA, FSA, HRA, COBRA, and commuter benefits. Directly competes across EBS's product categories.
- HSA Bank (Webster Bank): Bank-affiliated HSA custodian and administrator offering HSA, FSA, and HRA administration. Comparable product offering with deeper investment and banking integrations.
- TASC (Total Administrative Services Corporation): National TPA offering Section 125, FSA, HRA, HSA, and COBRA administration to employers. Closely overlapping product set and customer base with EBS.
- HealthEquity: Largest standalone HSA/FSA/DCA/commuter benefits administrator in the US. Directly competes with EBS across HSA, FSA, HRA, and COBRA administration products for employer customers.
- Employee Benefits Corporation: Midwest-based benefits TPA providing FSA, HRA, HSA, Section 125, and COBRA administration. Comparable niche, comparable product mix, similar SMB/mid-market employer focus.
Emerging players
- Businessolver: Benefits administration technology platform emphasizing consumer-grade employee experience. Competes with EBS for employer benefits administration spend, particularly with mid-market and large employers.
- Benefitfocus: Cloud benefits administration platform serving employers, carriers, and brokers. Competes in benefits enrollment and administration with a more modern SaaS architecture than EBS.
Others
- BenefitMall: Broker benefits platform providing back-office TPA services and connectivity to carriers. Adjacent ecosystem participant serving the same broker channel EBS targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights7 records
Customer concentration
Employee Benefit Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Employee Benefit Services leadership team
Management profileNumber of profiles
Employee Benefit Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Employee Benefit Services 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 Employee Benefit Services
What does Employee Benefit Services do?
Employee Benefit Services (EBS) is a third-party administrator that provides benefit plan administration services for employers and HR departments, including FSA, HRA, HSA, COBRA, Section 125 plan administration, eligibility management, and ACA 1094/1095 reporting. The company operates an online enrollment management system (EBSEnroll) and the WealthCare Portal to consolidate employer, broker, and employee benefit activities onto a single platform, automating the employee lifecycle from onboarding through COBRA.
Is Employee Benefit Services a public or private company?
Employee Benefit Services is a private company. It is classified as unknown and is currently operating.
When was Employee Benefit Services founded?
Employee Benefit Services was founded in 1989. It employs 51 to 100 people.
Where is Employee Benefit Services based?
Employee Benefit Services is headquartered in San Antonio, United States, in the North America region.
How does Employee Benefit Services make money?
One revenue line is on record: benefit Plan Administration Services.
Who are Employee Benefit Services's main competitors?
Broad incumbents on record are Paychex PEO and ADP TotalSource. Direct peers are WEX Health (formerly Discovery Benefits), HSA Bank (Webster Bank), TASC (Total Administrative Services Corporation), HealthEquity and Employee Benefits Corporation. Emerging players are Businessolver and Benefitfocus. BenefitMall is listed as an others.
Does Employee Benefit Services have an API?
No public API is recorded for Employee Benefit Services.
What industry is Employee Benefit Services in?
Employee Benefit Services's product category is Employee Benefits Administration. Its primary akta.pro industry code is HLAEALAK, Flexible Benefits Administration (FSA/HSA/HRA), with a secondary code of BPACAIAF, Workforce Benefits Administration (Enrollment & Deductions). Its NAICS code is 524292 and its SIC code is 6321.