Key Benefit Concepts
- Company typePrivate
- Founded1992
- HeadquartersWales, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Key Benefit Concepts firmographics
Firmographics- Name
- Key Benefit Concepts
- Website
- https://keybenefits.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Key Benefit Concepts industry classification
Industry- Product category
- Actuarial Consulting Services
- NAICS
- Health and Welfare Funds (525120), Pension Funds (525110), Other Insurance Funds (525190)
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- Employee Benefits Brokerage & Consulting (FSAEADAC)
- akta.pro secondary industries
- Benefits Administration (BPACAPAC), Eligibility, Enrollment & Benefits Administration (HLAEALAH)
Keywords
Where Key Benefit Concepts is headquartered
LocationHeadquarters
- HQ city
- Wales
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Key Benefit Concepts business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Actuarial Consulting Services: Professional services revenue from providing actuarial consulting to pension and benefit plan sponsors. Services likely included pension calculations, valuation data, and plan administration support for defined benefit plans.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Key Benefit Concepts product offering
Product offeringCore offering
Key Benefit Concepts was a Wisconsin-based actuarial consulting firm that provided retirement and health & welfare consulting services to sponsors of multi-employer and Taft-Hartley benefit plans. Services included actuarial calculations, pension valuation data, and plan administration support for defined benefit plans. The firm was acquired by Foster & Foster on January 2, 2024.
Product overview
Key Benefit Concepts was an independent actuarial and benefits consulting firm based in Wisconsin. The company specialized in providing retirement and health & welfare consulting services. As of January 2024, Key Benefit Concepts was acquired by Foster & Foster, becoming part of a larger national actuarial consulting organization with over 100 staff members serving 400+ clients nationwide. The specific product details and service offerings of Key Benefit Concepts prior to acquisition are not detailed in the available source material.
Differentiator
Problem solved
Functional benefit
Products and services
- Key Benefit Concepts (Acquired) Wisconsin-based actuarial and employee benefits consulting firm acquired by Foster & Foster. Prior to acquisition, provided retirement and health & welfare consulting services to sponsors of multi-employer and Taft-Hartley benefit plans.
Companies that use Key Benefit Concepts
Customer profileSegments1 record
Ideal customer profiles2 records
Key Benefit Concepts technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Key Benefit Concepts partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Foster & FostercoreFoster & Foster acquired Key Benefit Concepts as part of strategic expansion into the Midwest actuarial consulting market. The acquisition extends Foster & Foster's reach in the Midwest and combines Key Benefit Concepts' client base and expertise with Foster & Foster's national actuarial platform.
Scale indicators1 record
Recent moves3 records
Expansion highlights3 records
Key Benefit Concepts competitors and assessment
Company assessmentBroad incumbents
- Willis Towers Watson: Global advisory firm providing actuarial consulting, benefits brokerage, and risk management services. Overlaps substantially with Key Benefit Concepts' retirement and health & welfare consulting practice but serves a much broader market.
- Aon: Global professional services firm with substantial actuarial, retirement, and health & benefits consulting capabilities. Competes with Key Benefit Concepts in the retirement plan sponsor advisory space but at enterprise scale across many service lines.
- Milliman: Large global actuarial consulting firm offering retirement and benefits consulting across all plan types. Overlaps with Key Benefit Concepts' core offerings but operates at vastly broader scale across multiple practice areas and geographies.
- Mercer: Global consulting firm (Marsh McLennan) providing actuarial, benefits, and HR consulting. Comparable in service offering to Key Benefit Concepts but as a diversified consulting giant with multinational reach.
Direct peers
- Segal Group: National actuarial and benefits consulting firm with particularly strong multiemployer and Taft-Hartley practice. Directly comparable service mix and target customer base to Key Benefit Concepts, including retirement, health & welfare, and compliance consulting.
- Foster & Foster: Parent acquirer and now combined entity. Foster & Foster is an independent national actuarial consulting firm serving public, private, and multi-employer benefit plan sponsors with the same retirement and health & welfare services Key Benefit Concepts provided.
- Demsey, Filliger & Associates: California-based actuarial consulting firm acquired concurrently with Key Benefit Concepts by Foster & Foster in January 2024. Closely comparable niche West Coast peer with similar multi-employer/Taft-Hartley retirement consulting focus.
Regional players
- SageView Advisory Group: Retirement plan advisory and actuarial consulting firm serving plan sponsors across multiple U.S. regions. Comparable consulting services for retirement and health benefit plans, though with a different geographic footprint than Key Benefit Concepts' Midwest base.
Emerging players
- BCI Actuarial Benefit Consultants: Actuarial and benefits consulting firm focused on multiemployer, single-employer, and public sector retirement plans. Comparable customer base and service offering to Key Benefit Concepts with similar regional positioning.
- Horizon Actuarial Services: Mid-sized actuarial consulting firm serving retirement and health & welfare plan sponsors. Comparable scope and customer type to Key Benefit Concepts, focused on multi-employer and corporate plan administration.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks4 records
Key highlights4 records
Customer concentration
Key Benefit Concepts financial estimates
Financial estimateRevenue estimate
Valuation estimate
Key Benefit Concepts leadership team
Management profileNumber of profiles
Key Benefit Concepts funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Key Benefit Concepts 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 Key Benefit Concepts
What does Key Benefit Concepts do?
Key Benefit Concepts was a Wisconsin-based actuarial consulting firm that provided retirement and health & welfare consulting services to sponsors of multi-employer and Taft-Hartley benefit plans. Services included actuarial calculations, pension valuation data, and plan administration support for defined benefit plans. The firm was acquired by Foster & Foster on January 2, 2024.
When was Key Benefit Concepts founded?
Key Benefit Concepts was founded in 1992. It employs 11 to 50 people.
Where is Key Benefit Concepts based?
Key Benefit Concepts is headquartered in Wales, United States, in the North America region.
How does Key Benefit Concepts make money?
One revenue line is on record: actuarial Consulting Services.
Who are Key Benefit Concepts's main competitors?
Broad incumbents on record are Willis Towers Watson, Aon, Milliman and Mercer. Direct peers are Segal Group, Foster & Foster and Demsey, Filliger & Associates. SageView Advisory Group is listed as a regional player. Emerging players are BCI Actuarial Benefit Consultants and Horizon Actuarial Services.
Does Key Benefit Concepts have an API?
No public API is recorded for Key Benefit Concepts.
What industry is Key Benefit Concepts in?
Key Benefit Concepts's product category is Actuarial Consulting Services. Its primary akta.pro industry code is FSAEADAC, Employee Benefits Brokerage & Consulting, with a secondary code of BPACAPAC, Benefits Administration. Its NAICS code is 525120 and its SIC code is 8742.