Benefits Management Group

What Benefits Management Group does

Benefits Management Group Inc. (BMGI) is a privately held, Oak Brook, Illinois-based B2B firm founded in 2007 that provides benefits administration, financial accounting, and regulatory compliance services exclusively to Taft-Hartley multi-employer trust funds. The company operates at a niche intersection of the U.S. union benefits market, with 11–50 employees supporting health and welfare, retirement, vacation, training, and savings trust funds established under the Taft-Hartley Act. Disclosed customers include labor union funds such as Ironworkers Local 8 and Chicago Graphic Arts Health & Welfare Fund (continuous client since 2007).

BMGI's core product is a single proprietary Microsoft Tech-based platform purpose-built from the ground up to serve Taft-Hartley funds rather than adapted from generic benefits software. The platform spans Full Administration Services (Health & Welfare, Retirement Plan, and Trust administration), Financial Services (Financial Accounting, Contribution Accounting, Eligibility Management), and Other Services (Total Client Support, Regulatory Compliance, Online Services, Custom Reporting). Distinct technical components include a 24/7 member self-service portal, an employer online remittance and payment portal, role-based customizable interfaces, HIPAA-compliant data environments, 834/835/837 EDI file processing, advanced import/migration tooling, and a customizable reporting engine. A Minimum Essential Coverage (MEC) administration offering extends the platform into ACA-adjacent territory. The platform is delivered either as full-service managed administration or as a SaaS/technology licensing arrangement for clients that prefer to operate the software with their own staff.

Revenue is generated through managed services contracts (full-service administration), recurring subscription licensing (SaaS/technology licensing), and professional services (financial accounting and standalone offerings). Pricing is quote-based and undisclosed, with multi-year contract cadence and direct enterprise sales via website demos and contact outreach. Go-to-market is sales-led, targeting fund trustees and administrators through relationship-driven demand generation; the company maintains no disclosed digital marketing footprint. Senior leadership combines deep multi-employer domain expertise (President and founder James V. Gallery, 20+ years) with seasoned technology executives (CEO Christopher Krzysko, CIO John Anto, CTO Venki Venkatraman), operating exclusively within the United States.

Name

Benefits Management Group

Legal name

Benefits Management Group Inc.

Website

https://home.bmgiweb.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Benefits Management Group is a privately held, Oak Brook, Illinois-based B2B firm that provides proprietary benefits administration, financial accounting, and regulatory compliance technology exclusively to Taft-Hartley multi-employer union trust funds in the United States.

Ownership category

akta.pro rank

Product category

Benefits Administration Services

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Health and Welfare Funds (52512), Pension Funds (52511), Insurance and Employee Benefit Funds (5251)

SIC

Accident & Health Insurance (6321), Hospital & Medical Service Plans (6324), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Benefits Administration (BPACAPAC)

akta.pro secondary industries

Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK), Benefits Administration & Enrollment Support (BPAAAIAB), Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Benefits administration services
• Taft-Hartley fund management
• Multi-employer trust administration
• Health welfare administration
• Pension plan administration

Headquarters

HQ city

Oak Brook

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Full Administration Services: Comprehensive benefits administration services including health & welfare, retirement plan, and trust administration. Provides complete outsourced administration for multi-employer Taft-Hartley funds.
2. SaaS / Technology Licensing: Licensing of BMGI's proprietary technology platform to clients who prefer to use their own staff for claims and customer service. BMGI provides technical support, staff training and ongoing client service.
3. Financial Services: Financial accounting administration, contribution accounting, and eligibility management services provided as standalone or bundled offerings.
4. Minimum Essential Coverage (MEC) Administration: Administration of basic MEC plans with additional benefits options including member onboarding, eligibility management, claims processing, and COBRA administration.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Benefits Management Group (BMGI) administers health & welfare, retirement, and trust benefits for Taft-Hartley multi-employer union funds. It provides outsourced administration (claims processing, eligibility, contribution accounting, financial reporting, regulatory compliance) and licenses its proprietary Microsoft-based technology platform to funds that prefer in-house staffing.

Product overview

Benefits Management Group (BMGI) offers a single unified benefits administration platform designed for Taft-Hartley funds. The core offering is Full Administration Services, which includes Health & Welfare Administration, Retirement Plan Administration, and Trust Administration as primary modules. These are complemented by Financial Services (encompassing Financial Accounting, Contribution Accounting, and Eligibility Management) and Other Services (Total Client Support, Regulatory Compliance, Online Services, and Custom Reporting). The company also provides Minimum Essential Coverage (MEC) administration and a SaaS/Technology Licensing option for clients who prefer to use their own staff with BMGI's technology. All offerings are built on a proprietary Microsoft Tech-based platform that can be customized for each client's needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Full Administration Services Comprehensive outsourced benefits administration for Taft-Hartley multi-employer funds encompassing health & welfare administration (eligibility, claims processing, managed care), retirement plan administration (pension processing, benefit statements, annuity reporting), and trust administration (contribution accounting, reciprocity, union dues, vacation and training trust management).
• Financial Services Financial accounting, contribution accounting, and eligibility management services including preparation of GAAP-basis financial statements, governmental filings, flexible remittance reporting (paper/electronic/online), eligibility span maintenance, identification card preparation, premium and rate data management, COBRA administration, and proactive management reports.
• Other Services Total client support (board meeting coordination, trust record keeping, communications coordination, benefit fair presence), regulatory compliance covering DOL, ERISA, IRS, 1095-B, HHS, state insurance, and Section 125 Plans, online services via Microsoft Tech-based member websites with 24/7 self-service, and a flexible custom reporting engine.
• SaaS / Technology Licensing Software-as-a-Service licensing of BMGI's proprietary HIPAA-compliant benefits administration platform, enabling Taft-Hartley fund administrators to process claims and serve members with their own staff while leveraging BMGI's technology, training, technical support, and ongoing client service.
• Minimum Essential Coverage (MEC) Administration Administration of Minimum Essential Coverage plans ranging from basic MEC to plans with additional benefits, including member onboarding, eligibility management, claims processing, and COBRA administration for union multi-employer funds.

Quantifiable outcome

• Long-term client retention with clients since 2007
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature11 records

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Paychex: Growing benefits administration and HR outsourcing platform; while not Taft-Hartley-specific, it increasingly targets small and mid-sized employer benefits administration, creating adjacent competitive pressure.
• Benefitfocus: Benefits technology platform offering enrollment, eligibility, and exchange capabilities to carriers, employers, and administrators; represents a more modern, technology-led alternative BMGI may face in RFPs.

Direct peers

• BeneSys: Taft-Hartley-focused TPA administering benefits, contributions, and eligibility for multi-employer union funds; competes head-to-head with BMGI for the same trustee buyer.
• Zenith American Solutions: One of the largest independent third-party administrators dedicated to Taft-Hartley multi-employer health and welfare funds, providing nearly identical H&W, retirement, and trust services to BMGI's target market.
• Apta Healthcare: Taft-Hartley specialty administrator focused on health and welfare funds for union members; overlaps directly with BMGI's H&W, eligibility, and claims processing offerings.
• IMA (Integrated Management Associates): Long-standing third-party administrator specializing in Taft-Hartley, multi-employer, and collectively bargained benefit plans — directly comparable service mix to BMGI.

Broad incumbents

• Milliman: Large actuarial and benefits consulting firm with a dedicated multi-employer/Taft-Hartley practice that competes for administration and consulting mandates from the same trustees BMGI serves.
• Segal Group: Major benefits and HR consulting firm with deep expertise in multi-employer and public-sector benefit plans; competes for adjacent consulting and administration work.
• Aon: Global professional services firm with a substantial benefits administration and multi-employer consulting practice that competes for the same large fund clients.
• Willis Towers Watson (WTW): Global advisory and benefits administration firm serving large multi-employer and corporate plans; a broader incumbent that overlaps BMGI's administration and compliance offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/140978366271742
• LinkedInlinkedin.com/company/benefits-management-group-inc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Benefits Management Group