BMS

What BMS does

BMS (Benefit Management Solutions) is a U.S. management consultancy and benefits brokerage founded in 1999 by Christopher Fletcher, headquartered in East Setauket, New York, and serving employers nationwide with 100 or more employees. The firm operates as a full-service benefits intermediary combining strategic brokerage/consulting (plan analysis, funding strategy, stop-loss and captive reviews, pharmacy carve-out analysis, actuarial support) with day-to-day administration (enrollment, billing, COBRA, 1095-Cs, qualifying life events) and a dedicated in-house Benefit Service Center that fields employee inquiries via phone, text, email, and chat. Its proprietary technology asset is BART (Benefits Administration Reconciliation Tool), a SOC 2-compliant automated engine that compares carrier invoices, eligibility files, and master benefits data to surface discrepancies and produce reconciliation reports in minutes — a service included in the standard monthly fee.

The business model is a transparent flat-fee subscription of $35 per employee per month with no commissions, bonuses, or carrier overrides; for groups larger than 600 employees, billing converts to a flat monthly rate regardless of headcount. Distribution is exclusively direct — enterprise field sales led by VP-level relationship managers (notably Shaun Fletcher and Kelly Prado), supported by content marketing on the BMS blog, LinkedIn presence, and a Zywave-powered client portal for legislative and compliance resources. Technology integrations are limited but specific: Salesforce for case management, Vonage for communications, and BART for reconciliation, with no public API or mobile app. BMS is privately held, founder-owned, and operates with 11–50 employees and no external institutional funding.

Name

BMS

Legal name

Benefit Management Solutions

Website

https://myteambms.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

BMS is a U.S. benefits brokerage and administration firm serving mid-to-large employers (100+ employees) nationwide via a transparent $35-per-employee-per-month flat fee, combining consulting, full-service administration, an in-house Benefit Service Center, and a proprietary reconciliation tool called BART.

Ownership category

akta.pro rank

Product category

Employee Benefits Brokerage

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Business Service Centers (56143)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Benefits Administration (BPACAPAC)

akta.pro secondary industry

Benefits Administration & Enrollment Support (BPAAAIAB)

Keywords

• Employee benefits brokerage
• Benefits administration services
• Insurance consulting
• Compliance support services
• Benefits technology platform

Headquarters

HQ city

East Setauket

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. Per-Employee Monthly Fee (Subscription): BMS charges a flat $35 per employee per month for comprehensive brokerage/consulting and benefits administration services. For groups larger than 600 employees, a flat monthly fee applies regardless of headcount. There are no hidden commissions, bonuses, or carrier overrides — the fee structure is fully transparent. The model covers all services including BART reconciliation, the Benefit Service Center, compliance support, and HR team assistance.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

BMS (Benefit Management Solutions) provides full-service employee benefits brokerage/consulting and benefits administration to U.S. employers with 100+ employees under a transparent flat-fee model of $35 per employee per month (or flat monthly fee for groups >600). Services include plan brokerage and consulting, day-to-day benefits administration, a multi-channel Benefit Service Center, automated reconciliation via the proprietary BART tool, and year-round compliance support.

Product overview

BMS (Benefit Management Solutions) operates as a full-service employee benefits brokerage and administration firm, offering a unified model that combines five core service areas: Benefits Brokerage/Consulting, Benefits Administration, Benefit Service Center (employee support), BART (automated reconciliation tool), and Compliance & Employer Resources. All services are delivered under a transparent flat-fee pricing model ($35 per employee per month) with no commissions or hidden incentives. BART serves as the proprietary reconciliation engine that automates invoice and eligibility matching, while the Benefit Service Center provides multi-channel employee support. The company was founded in 1999 and serves employers with 100+ employees nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• BART (Benefits Automated Reconciliation Tool) Automated reconciliation tool that compares carrier invoices, eligibility files, and master benefits system data to detect discrepancies and generate accurate reconciliation reports in minutes, with SOC 2-compliant data handling. Available to mid-to-large employer clients.
• Benefits Brokerage/Consulting Strategic benefits guidance including comprehensive plan analysis, funding strategy evaluation, medical plan unbundling, stop-loss and captive reviews, pharmacy carve-out analysis, defined contribution modeling, and actuarial support for mid-to-large employers.
• Benefits Administration Day-to-day benefits administration including enrollment processing, billing and invoice reconciliation, COBRA administration, qualifying life event management, dependent verification, claims support, open enrollment management, and plan document preparation for employer clients.
• Benefit Service Center Multi-channel employee support center available Monday-Friday 9 AM-5 PM EST via phone, text, email, and chat, with real BMS representatives handling claims, eligibility, and enrollment troubleshooting year-round for client employees.
• Compliance & Employer Resources Compliance support including legislative updates, HR Hotline, template library, employer guides, notices, filings, documentation support, ACA statement preparation, and Medicare Part D mailings for employer clients.

Quantifiable outcome

• BART detects discrepancies in seconds (vs. hours of manual reconciliation)
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Marsh McLennan (Mercer): Mercer is a global health and benefits consulting powerhouse serving large and jumbo employers. Comparable to BMS in benefits consulting and administration for self-funded employers, but operates at global enterprise scale with far broader consulting depth and proprietary benchmarking.
• Hub International: Hub International is a large North American insurance brokerage with deep benefits consulting capabilities. Comparable to BMS in serving mid-market employer benefits clients, but at far greater scale with PE ownership and a multi-line insurance platform.
• Arthur J. Gallagher & Co. Gallagher is a global insurance brokerage and risk management firm with a substantial U.S. employee benefits practice. Comparable to BMS in core brokerage and consulting offerings for mid- and large-market employers, but operating at massive global scale with publicly traded, diversified insurance services.
• Brown & Brown: Brown & Brown is a publicly traded U.S. insurance brokerage with a substantial employee benefits division. Comparable to BMS in benefits brokerage/administration for mid-market employers, but with national scale and a broad commercial insurance portfolio built largely through acquisitions.

Direct peers

• NFP: NFP is a major U.S. insurance brokerage and benefits consulting firm serving mid-market and large employers. Highly comparable to BMS in core benefits brokerage/administration services and target customer (mid-sized U.S. employers), with a broader property & casualty and wealth management portfolio.
• AssuredPartners: AssuredPartners is a PE-backed U.S. insurance brokerage with significant employee benefits practice serving mid-market employers. Comparable to BMS in target segment and integrated brokerage/administration model, but with national geographic reach and PE-driven M&A capacity.
• USI Insurance Services: USI is a large U.S. insurance brokerage serving mid-market employers with integrated benefits, property/casualty, and retirement services. Comparable to BMS in mid-market employer benefits focus, but with significantly greater scale, proprietary consultative frameworks, and PE backing.
• OneDigital: OneDigital is one of the largest U.S. employee benefits and insurance brokerage firms focused on mid-market employers. Directly comparable to BMS in target segment (100–5,000 employee employers) and in combining brokerage with benefits administration and HR advisory services, but operating at vastly greater scale with PE backing.

Emerging players

• Highstreet Insurance Partners: Highstreet is a fast-growing PE-backed insurance brokerage focused on mid-market employer benefits. Comparable to BMS in target customer profile and integrated benefits services, with a roll-up strategy that BMS could be a target of — or compete against for the same mid-market employer prospects.
• Benefitfocus: Benefitfocus is a benefits administration technology platform serving employers and carriers. Comparable to BMS in the benefits administration software layer (overlapping with BART and the Benefit Service Center) but focused on SaaS delivery rather than full-service brokerage, making it a potential partner or technology competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/benefit-management-solutions
• Xx.com/BenefitMgt

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 BMS