FlexPlan Administrators
- Company typePrivate
- Founded1986
- HeadquartersTulsa, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What FlexPlan Administrators does
FlexPlan Administrators, Inc. (FPA) is a privately held Third Party Administrator (TPA) headquartered in Tulsa, Oklahoma, founded in 1986 to deliver consultation, administrative, and insurance brokerage services for employee benefit programs governed by IRC Section 125. The company administers Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), Section 125 Cafeteria Plans / Premium Only Plans (POP), and Qualified Transportation Plans, with add-on modules for COBRA administration, Telemedicine/Wellness (via Healthiest You/Teladoc), Online Benefit Enrollment, ACA Compliance Reporting (via ACA-Track), and Form 5500 filing.
The underlying technology is the Summit-branded platform, consisting of a 24-hour Participant Web Portal and a Mobile Summit smartphone app (iOS/Android, TPA Code 10165) that supports account balance checks, claim filing, receipt upload, payment history, and support contact. Enrollment is processed through EDI file feeds, spreadsheets, or paper forms, with a documented integration partnership with Employee Navigator for COBRA/FSA/HRA/HSA enrollments.
FlexPlan earns revenue via per-participant or per-account administrative fees billed to employers or through broker arrangements, supplemented by consultation and compliance services (professional services revenue stream). Go-to-market is hybrid: direct-to-employer sales supported by account representatives, paired with a nationwide broker partnership channel in which brokers retain the client relationship while FlexPlan serves as the TPA backend. The company currently operates accounts in over 40 states and serves private, public, non-profit, and government employer organizations. Pricing is not publicly disclosed and is handled through a Request a Quote workflow.
FlexPlan Administrators firmographics
Firmographics- Name
- FlexPlan Administrators
- Legal name
- Flexplan Administrators, Inc.
- Website
- https://flexplanadmin.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
FlexPlan Administrators industry classification
Industry- Product category
- Employee Benefits Administration (Third Party Administrator / TPA Services)
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Health and Welfare Funds (525120)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)
- akta.pro secondary industries
- Eligibility, Enrollment & Benefits Administration (HLAEALAH), Compliance, Reporting & Regulatory Administration (ERISA/ACA/No Surprises) (HLAEALAJ), Ancillary Benefits TPA (Dental/Vision/Life/Accident/Critical Illness) (HLAEALAN)
Keywords
Where FlexPlan Administrators is headquartered
LocationHeadquarters
- HQ city
- Tulsa
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
FlexPlan Administrators business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- TPA Administration Services: FlexPlan Administrators earns revenue by providing Third Party Administrator services for employee benefit programs under IRC Section 125, including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), COBRA administration, and cafeteria plan management. Fees are likely structured as per-participant or per-account administrative charges billed to employers or through broker arrangements.
- Consultation and Compliance Services: The company provides consultation services for program establishment and compliance administration/monitoring for Section 125 plans, ERISA WRAP documents, ACA reporting, and Form 5500 filing.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
FlexPlan Administrators product offering
Product offeringCore offering
FlexPlan Administrators is a Third Party Administrator (TPA) that delivers consultation, administrative, compliance, and insurance brokerage services for IRS Section 125 Cafeteria Plans and related employee benefit programs. Its core offerings include Flexible Spending Account (FSA), Health Savings Account (HSA), Health Reimbursement Arrangement (HRA), COBRA administration, and Qualified Transportation Plans for employers and group benefits brokers nationwide. The company operates its own Summit-branded participant web portal and Mobile Summit app to enable account management, claims filing, and balance inquiries for plan participants.
Product overview
FlexPlan Administrators offers a comprehensive benefits administration platform under the Summit brand, providing consultation and third-party administrator (TPA) services for employee benefit programs governed by IRC Section 125. The core portfolio includes Flexible Spending Account (FSA), Health Savings Account (HSA), Health Reimbursement Account (HRA), Section 125 Cafeteria Plans/Premium Only Plan (POP), and Qualified Transportation Plans. Add-on modules include COBRA Administration, Telemedicine/Wellness/Lifestyle Accounts (via Healthiest You/Teladoc partnership), Online Benefit Enrollment (with Employee Navigator integration), ACA Compliance Reporting (via ACA-Track partnership), and Form 5500 Filing. The Summit platform includes a Participant Portal (24-hour online account management) and a Mobile App for iOS/Android. The company serves as a TPA primarily for employers, brokers, and employees across private, public, non-profit, and government organizations in over 40 states.
Differentiator
Problem solved
Functional benefit
Products and services
- Flexible Spending Account (FSA) Administration Designated reimbursement account under a Cafeteria Plan allowing employees to contribute pre-tax income to medical expense accounts, administered by FlexPlan on behalf of employers.
- Health Savings Account (HSA) Administration Tax-favored accounts for individuals with high-deductible health plans, owned by employees and administered with or without Flex Card debit cards.
- Health Reimbursement Arrangement (HRA) Administration Employer-funded tax-free accounts for employee reimbursement of out-of-pocket medical expenses with flexible design options.
- Section 125 Cafeteria Plans / Premium Only Plan (POP) IRS-governed reimbursement plans allowing employees to contribute pre-tax income to designated benefit accounts.
- COBRA Administration Complete and compliant administration of COBRA including required notices, open enrollment assistance, and premium collection with online portal access.
- Qualified Transportation Plans IRS Section 132 governed reimbursement plans for specified transportation and parking expenses for commuters.
- ACA Compliance Reporting Partnership with ACA-Track for tracking, eligibility monitoring, and IRS 1094/1095 filing services with white-glove support at preferred pricing for FlexPlan clients.
- Form 5500 Filing Full-service Form 5500 filing for DOL compliance.
- Telemedicine / Wellness / Lifestyle Accounts Employer-funded post-tax wellness accounts providing employees with flexibility to choose perks they want and need, combined with Healthiest You/Teladoc telemedicine access.
- Summit Mobile App Smartphone application for iOS and Android enabling participants to check account balances, file claims, upload receipts, view payment history, view communications, and contact support.
Quantifiable outcome
- FICA tax savings for employers
- +1 more outcomes
Companies that use FlexPlan Administrators
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
FlexPlan Administrators technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
FlexPlan Administrators partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- ACA-TrackcoreFlexPlan has partnered with ACA-Track to provide ACA Compliance services including year-end 1094/1095 reporting at preferred pricing for all FlexPlan clients. ACA-Track provides white-glove compliance with simple onboarding, dedicated ACA specialists with 8+ years of experience, and maintains a 100% IRS compliance track record.
- BarkminorFlexPlan offers Bark's online safety monitoring service as a wellness perk available through client benefit programs. Bark is an affordable, award-winning dashboard that proactively monitors text messages, YouTube, emails, and 30+ social networks for potential safety concerns.
- FSA StoreminorFlexPlan links to FSA Store for FSA-eligible products and services, and co-branded learning center resources. FSA Store is a partner providing health shopping, education, and advocacy for FSA users.
- HSA StoreminorFlexPlan links to HSA Store for HSA-eligible products and services, and co-branded learning center resources. HSA Store provides health shopping, education, and advocacy for HSA users.
- Employee NavigatorcoreFlexPlan is an integrated TPA partner with Employee Navigator, enabling complete and seamless event communications for COBRA administration as well as FSA/DCA, HRA, and HSA enrollments through their platform.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
FlexPlan Administrators competitors and assessment
Company assessmentDirect peers
- TASC (Total Administrative Services Corporation): TASC is a national third-party administrator of consumer-driven employee benefits including FSAs, HRAs, HSAs, COBRA, and Section 125 plans. Its service portfolio, broker channel model, and SMB-to-mid-market employer focus closely mirror FlexPlan's positioning.
- WEX (Discovery Benefits): WEX's Discovery Benefits division is a major TPA providing FSA, HRA, HSA, COBRA, and commuter benefits administration. It is a direct competitor to FlexPlan in the employer benefits administration space with a national broker channel.
- HealthEquity (formerly WageWorks): HealthEquity is the largest independent consumer-directed benefits administrator following its WageWorks acquisition. It administers FSAs, HRAs, HSAs, COBRA, and Section 125 plans for employers nationwide—directly competing with FlexPlan in the same TPA services.
- Bswift: Bswift (owned by CVS Health/Aetna) is a benefits administration provider that handles enrollment, FSA/HRA/HSA administration, and COBRA. It is a scaled TPA competitor pursuing the same employer and broker customers as FlexPlan.
- Benefit Resource: Benefit Resource is a TPA providing FSA, HRA, HSA, COBRA, and Section 125 administration primarily to mid-market employers. Its product suite and broker-led distribution model make it a direct, similarly sized peer to FlexPlan.
- DataPath: DataPath provides TPA services and benefits administration technology (Summit platform) for FSAs, HRAs, HSAs, and COBRA. It is both a potential technology provider to TPAs and a direct competitor in the administration services market.
- American Benefits Group: American Benefits Group is a regional TPA administering FSAs, HRAs, HSAs, COBRA, and Section 125 plans, primarily for employers in the Mid-Atlantic and Northeast. It is comparable to FlexPlan in size and product focus.
Emerging players
- Lively: Lively is a modern HSA-focused platform serving employers and individuals. While narrower in scope than FlexPlan, it competes for HSA administration wallet share and represents the digital-native threat to traditional TPAs like FlexPlan.
Broad incumbents
- Benefitfocus: Benefitfocus provides a broader benefits administration platform spanning enrollment, billing, and benefits management. While more diversified than FlexPlan, it competes for employer and broker relationships in the same consumer-directed benefits ecosystem.
- Optum (ConnectYourCare): Optum's ConnectYourCare business administers consumer-directed health accounts, COBRA, and commuter benefits. As part of UnitedHealth Group, it offers broader-scale infrastructure and employer relationships than FlexPlan can match.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
FlexPlan Administrators social profiles
Digital presenceFlexPlan Administrators financial estimates
Financial estimateRevenue estimate
Valuation estimate
FlexPlan Administrators leadership team
Management profileNumber of profiles
Profiles6 records
FlexPlan Administrators funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FlexPlan Administrators 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 FlexPlan Administrators
What does FlexPlan Administrators do?
FlexPlan Administrators is a Third Party Administrator (TPA) that delivers consultation, administrative, compliance, and insurance brokerage services for IRS Section 125 Cafeteria Plans and related employee benefit programs. Its core offerings include Flexible Spending Account (FSA), Health Savings Account (HSA), Health Reimbursement Arrangement (HRA), COBRA administration, and Qualified Transportation Plans for employers and group benefits brokers nationwide. The company operates its own Summit-branded participant web portal and Mobile Summit app to enable account management, claims filing, and balance inquiries for plan participants.
Is FlexPlan Administrators a public or private company?
FlexPlan Administrators is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FlexPlan Administrators founded?
FlexPlan Administrators was founded in 1986. It employs 11 to 50 people.
Where is FlexPlan Administrators based?
FlexPlan Administrators is headquartered in Tulsa, United States, in the North America region.
How does FlexPlan Administrators make money?
Two revenue lines are on record. TPA Administration Services are the primary driver. The others are consultation and Compliance Services.
Who are FlexPlan Administrators's main competitors?
Direct peers on record are TASC (Total Administrative Services Corporation), WEX (Discovery Benefits), HealthEquity (formerly WageWorks), Bswift, Benefit Resource, DataPath and American Benefits Group. Lively is listed as an emerging player. Broad incumbents are Benefitfocus and Optum (ConnectYourCare).
Does FlexPlan Administrators have an API?
No public API is recorded for FlexPlan Administrators.
What industry is FlexPlan Administrators in?
FlexPlan Administrators's product category is Employee Benefits Administration (Third Party Administrator / TPA Services). Its primary akta.pro industry code is HLAEALAK, Flexible Benefits Administration (FSA/HSA/HRA), with a secondary code of HLAEALAH, Eligibility, Enrollment & Benefits Administration. Its NAICS code is 524292 and its SIC code is 6324.