Anderson Williams McKinnis

What Anderson Williams McKinnis does

Anderson Williams McKinnis & Co Inc (AWM) is a privately held third-party administrator (TPA) founded in 1986 and headquartered in Chelsea (Birmingham area), Alabama. The company provides employer-facing benefits administration services across the United States, including COBRA administration, FSA/HSA/HRA administration, Section 125 cafeteria plan administration, premium billing for individual and retiree plans, and Form 5500 filing for plans with 100+ participants. It also distributes dental and vision individual plans through Ameritas and offers voluntary benefits such as disability, life, accident, hospital indemnity, critical illness, cancer coverage, and pet insurance.

The company's service delivery is built on a third-party SaaS technology stack rather than proprietary infrastructure. AWM uses the Summit platform to power its Participant Portal (awm.summitfor.me) and HR Administrator Portal (awm.summitwith.us), Files.com for secure document upload (awm125.files.com), Adobe Sign for electronic signatures on Section 125 plan documents, and an affiliate integration with FSA Store. The firm has no API, no mobile app, and no disclosed AI capabilities, and relies on conventional web-based portals for client and participant interactions.

AWM operates a sales-led B2B model, reaching employer clients through direct outreach via phone (800-723-8908), email ([email protected]), and multiple service-specific inquiry forms on its website. Pricing is quote-based and not publicly disclosed, with services billed to employer clients as professional services. The firm has 11-50 employees and reports 100+ years of combined staff experience in the insurance industry, positioning itself as a service-intensive, relationship-driven TPA rather than a technology platform.

Name

Anderson Williams McKinnis

Legal name

Anderson Williams McKinnis & Co Inc

Website

https://awm125.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Anderson Williams McKinnis & Co Inc is a privately held third-party administrator, founded in 1986 and headquartered in Alabama, that provides COBRA, FSA/HSA/HRA, Section 125, premium billing, and Form 5500 filing services to employers across the United States.

Ownership category

akta.pro rank

Product category

Third-Party Benefits Administration

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Self-Funded Employer Plan TPA (ASO Administration) (HLAEALAA)

akta.pro secondary industries

Compliance, Reporting & Regulatory Administration (ERISA/ACA/No Surprises) (HLAEALAJ), Ancillary Benefits TPA (Dental/Vision/Life/Accident/Critical Illness) (HLAEALAN)

Keywords

• Employee benefits administration
• Third-party benefits administration
• COBRA administration services
• FSA HSA HRA administration
• Section 125 plan administration

Headquarters

HQ city

Birmingham

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

Revenue model

1. Benefits Administration Services: Revenue generated from providing administrative services for employee benefit plans including COBRA administration, FSA/HSA/HRA administration, Section 125 plan administration, and premium billing services. Services are billed to employer clients who engage AWM to handle compliance and administrative burden.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Anderson Williams McKinnis & Co Inc is a third-party administrator (TPA) that provides employee benefits administration services to employers across the United States. Core offerings include COBRA Administration, Pre-tax Spendables Administration (FSA, HSA, HRA), Section 125 cafeteria plan administration, Premium Billing services, and Form 5500 filing, with additional group health/dental/vision placement and voluntary benefits. Services are delivered via licensed agents, a Participant Portal, an HR Administrator Portal, and secure document transfer.

Product overview

Anderson Williams McKinnis & Co Inc (AWM) operates as a Third-Party Administrator (TPA) offering a unified suite of employee benefits administration services. The core portfolio centers on COBRA Administration, Pre-tax Spendables Administration (encompassing FSA, HSA, and HRA account management), Section 125 Administration, Premium Billing Services, and Form 5500 Filing for Section 125 Plans. Additional offerings include Dental & Vision Individual Plans (via Ameritas), Pet Insurance, Employer Benefits (group health/dental/vision placement), and Voluntary Benefits (disability, life, accident, hospital indemnity, critical illness, cancer). The service delivery is supported by participant and HR administrator self-service portals at awm.summitfor.me and awm.summitwith.us respectively, plus a secure document upload system. The company was founded in 1986 and serves employers throughout the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• COBRA Administration Comprehensive COBRA compliance administration service for employers, handling all required notifications, elections, and regulatory compliance for transitioning former employees to continuation coverage.
• Pre-tax Spendables Administration (FSA/HSA/HRA) Administration of tax-advantaged benefit accounts including Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), and Health Reimbursement Arrangements (HRAs), covering plan setup, compliance testing, and participant management.
• Section 125 Administration Cafeteria plan administration services including plan documents for Premium Only Plans, discrimination testing, and IRS Section 125 compliance management.
• Premium Billing Services Billing services for individual, retiree, and association health plans including premium collection and administration.
• Form 5500 Filing Annual employee benefit plan reporting to the Department of Labor (DOL), including Schedule A collection from insurance carriers for groups with 100+ employees.
• Dental & Vision Individual Plans Individual dental and vision insurance plan enrollment and administration through the Ameritas carrier, offered to individuals via AWM.
• Pet Insurance Payroll-deducted group pet insurance plans and individual pet insurance for dogs and cats.
• Employer Benefits (Group Health/Dental/Vision) Licensed agent services for group health, dental, and vision policy placement and administration for employers.
• Voluntary Benefits Voluntary insurance products offered through licensed agents including disability, life, accident, hospital indemnity, critical illness, and cancer coverage.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• SummitcoreTechnology or IntegrationAWM utilizes Summit's platform for its Participant Portal (awm.summitfor.me) and HR Administrator Portal (awm.summitwith.us), providing online account access and management capabilities for benefit plan participants and HR administrators.
• FSA StoreminorGTM or Marketing PartnerAWM partners with FSA Store (fsastore.com) for Flexible Spending Account product recommendations, with AWM listed as a TPA Partner in the referral relationship.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• ADP: ADP TotalSource and ADP's benefits administration offerings bundle payroll, PEO, and benefits management including COBRA and FSA administration, competing with AWM as a comprehensive incumbent in the employer benefits ecosystem.
• Paychex: Paychex provides payroll, HR, and benefits administration services for SMB and mid-market employers, with benefits offerings that overlap AWM's compliance-heavy TPA services under a broader portfolio umbrella.
• Benefitfocus: Benefitfocus is a benefits administration platform serving carriers, employers, and consumers with benefits marketplace and administration capabilities — a broader incumbent adjacent to AWM's niche TPA services.
• HealthEquity: HealthEquity is the dominant HSA custodian and consumer-directed benefits administrator, having integrated WageWorks' full TPA suite — a much larger incumbent offering overlapping services (HSA, FSA, HRA, COBRA) plus broader wellness and account capabilities.

Direct peers

• Businessolver: Businessolver provides benefits administration technology and services including FSA, HSA, HRA, COBRA, and Section 125 — a near-direct overlap with AWM's product set, offered to employers on a multi-tenant SaaS platform.
• BeneSys: BeneSys is a third-party administrator for health and welfare benefit funds (including multi-employer/Taft-Hartley plans), offering COBRA, FSA, and compliance administration directly comparable to AWM's TPA service model.
• Consumer Driven Benefits (CDB): CDB administers HSA, HRA, and FSA benefit accounts alongside COBRA and Section 125 services for employers, providing a closely matched niche TPA alternative to AWM.
• Ameriflex: Ameriflex is a third-party administrator specializing in FSA, HRA, HSA, COBRA, and commuter benefits administration for employers — a smaller, more directly comparable TPA competitor to AWM in size and scope.
• WageWorks (HealthEquity): WageWorks was a leading pure-play FSA, HRA, HSA, and COBRA third-party administrator before being acquired by HealthEquity; its service mix (consumer-directed benefits and COBRA compliance) closely mirrors AWM's core portfolio.
• Clarity Benefit Solutions: Clarity Benefit Solutions administers FSA, HRA, HSA, COBRA, and transit/parking accounts for employers across the U.S., competing head-to-head with AWM in the consumer-directed healthcare TPA space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Anderson Williams McKinnis