Pb&h Benefits

What Pb&h Benefits does

PB&H Benefits, LLC is a third party administrator (TPA) and benefits consulting firm headquartered in Waco, Texas, operating as a subsidiary of Pattillo, Brown & Hill, LLP, a Central Texas accounting firm that has been active since 1923. The company serves employers and plan sponsors across sole proprietorships, partnerships, LLCs, S corporations, 501(c)(3) non-profits, and government entities, providing customized plan design, administration, compliance testing, Form 5500 preparation, and participant support for retirement and flexible benefit plans. Its service portfolio covers Traditional 401(k), Profit Sharing, Safe Harbor 401(k), Individual(k), SIMPLE, 403(b), and 457 Plans on the retirement side, plus Section 125 Cafeteria Plans, Section 105 Health Reimbursement Arrangements, and Health Savings Accounts on the flexible benefits side.

The company's core technology is a web-based administration platform offering daily valuation and trading capabilities, electronic account access, a voice response unit for participant and sponsor self-service, and customized reporting packages. It delivers these capabilities through integration partnerships with MidAtlantic Trust Company (custodial/trading), and recordkeeping relationships with American Funds, John Hancock, Empower, T. Rowe Price, Lincoln Financial Group, Merrill Lynch, UBS, and Morgan Stanley, providing plan participants access to over 14,000 mutual funds, ETFs, collective trust funds, and target date funds. The FLEX Participant and Employer Experience Portals and a dedicated Retirement Participant/Sponsor Portal support self-service for flexible benefit and retirement plan administration.

PB&H Benefits generates revenue through annual administration fees for plan management, full-service recordkeeping fees, and document/preparation services, with pricing quoted per engagement rather than published. The go-to-market is a sales-led B2B professional services model with a primary point of contact client service technique, supplemented by a financial partner network of brokers, advisors, and insurance agents across the Central Texas region.

Name

Pb&h Benefits

Legal name

PB&H Benefits, LLC

Website

https://pbhbenefits.com

Company type

Private

Founded year

1923

Operating status

Operating

Headcount range

1–10 employees

Short description

PB&H Benefits, LLC is a Waco, Texas-based third party administrator and benefits consultant providing retirement plan (401(k), 403(b), 457, profit sharing, SIMPLE) and flexible benefit plan (Section 125, HRA, HSA) administration, compliance, and recordkeeping services to employers across Central Texas, operating as a subsidiary of Pattillo, Brown & Hill, LLP.

Ownership category

akta.pro rank

Headquarters

HQ city

Waco

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. Third Party Administration Services: Annual administration fees for plan management including contribution processing, loan program administration, distributions, participant support, nondiscrimination testing, Form 5500 preparation, and regulatory compliance services.
2. Full Service Recordkeeping: Comprehensive daily recordkeeping and trading services maintaining all participant records with customized reporting packages and participant statements.
3. Document Services: Plan document preparation, prototype adoption agreements, summary plan descriptions, and amendment services for regulatory compliance.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

PB&H Benefits provides third party administration and benefits consulting for employer-sponsored retirement plans (including 401(k), 403(b), 457, profit sharing, safe harbor, Individual(k), and SIMPLE plans) and flexible benefit plans (Section 125 Cafeteria Plans, Section 105 HRAs, and HSAs). Services encompass plan design, document preparation, nondiscrimination testing, Form 5500 filing, daily recordkeeping, payroll integration, and web-based participant/sponsor access. The firm operates as a TPA delivering bundled or unbundled administration packages to employers.

Product overview

PB&H Benefits is a Third Party Administrator (TPA) and Benefits Consulting firm offering a comprehensive suite of retirement plan and flexible benefit administration services. The company operates two core product lines: Retirement Plan Solutions (including Traditional 401(k), Profit Sharing, Safe Harbor 401(k), Individual(k), SIMPLE, 403(b), and 457 Plans with associated document services, plan administration, and web access/reporting modules) and Flexible Benefit Solutions (including Section 125 Cafeteria Plans, Section 105 Health Reimbursement Arrangements, and Health Savings Accounts). The company also provides participant and employer web portal access through its FLEX platform for flexible benefits and a dedicated retirement portal for plan management. Services are delivered through partnerships with major recordkeeping vendors and financial institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Plan Solutions Full-service third party administration offering bundled and unbundled recordkeeping and administration packages for employer-sponsored retirement plans, including customized reporting, web access, plan design, and compliance services.
• Flexible Benefit Solutions Flexible benefit plan solutions including Section 125 Cafeteria Plans, Section 105 Health Reimbursement Arrangements, and Health Savings Accounts with plan design, implementation, and ongoing administration services for employers.
• Traditional 401(k) Plans IRS-approved 401(k) plan governed by a customized plan document, designed with specifications to meet the unique needs of each individual company. Allows tax-deductible employer contributions up to 25% of compensation.
• Profit Sharing Plans Qualified retirement plans in which eligible employees receive contributions from the profits of the sponsoring employer, with various allocation methods including Traditional Pro Rata, New Comparability, Age Weighted, and Integrated.
• Safe Harbor 401(k) Plan 401(k) plan with employer commitment to matching or non-elective contributions, providing a 'Free Pass' from required plan testing for highly compensated employees.
• Individual(k) and SIMPLE Plans Individual 401(k) (Solo 401(k)) plans for self-employed or small business owners with no full-time employees, and SIMPLE 401(k) and SIMPLE IRA plans for businesses with 100 or fewer employees.
• 403(b) and 457 Plans Tax-sheltered annuity (TSA) plans for public schools, colleges, universities, and charitable entities; and 457 plans for governmental employees and tax-exempt employers.
• Section 125 Cafeteria Plans Employee benefit programs utilizing Section 125 of the Internal Revenue Code allowing employees to use pre-tax funds to pay for qualified expenses, including premium coverage, medical flexible spending accounts, and dependent care flexible spending accounts.
• Section 105 Health Reimbursement Arrangement (HRA) Employer-funded health benefit arrangement that bridges the gap between high deductible health plans and insurance coverage, with tax-free contributions and deductible employer coverage.
• Health Savings Account (HSA) Tax-advantaged account established with a High Deductible Health Plan (HDHP) allowing pre-tax employer and employee contributions for paying qualifying medical expenses, with funds portable upon termination.
• Document Services Plan document preparation and support services including IRS prototype adoption agreements, summary plan descriptions (SPDs), and amendments for regulatory compliance.
• Plan Administration Annual plan administration including contribution review and reconciliation, profit sharing calculations, nondiscrimination testing, Form 5500 preparation, and participant support.
• Web Access and Reporting Electronic account access and voice response unit providing daily investment information, customized participant websites and statements, and sponsor website access.
• Financial Partners Services Coordinated partnership services with major recordkeeping vendors and trust companies including American Funds, John Hancock, Empower, T. Rowe Price, Lincoln Financial Group, and MidAtlantic Trust Company, offering access to over 14,000 mutual funds, ETFs, collective trust funds, and target date funds.

Quantifiable outcome

• Tax deductible employer contributions up to 25% of compensation

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• MidAtlantic Trust CompanycoreTechnology or IntegrationStrategic partnership with MidAtlantic Trust Company as a trusted custodial firm providing daily trading platforms, asset custodial and trading services, asset activity reports, and electronic access to investment information for plan sponsors and advisors.
• American FundscoreTechnology or IntegrationRecordkeeping service provider partnership offering retirement plan administration services integrated with PB&H Benefits TPA capabilities.
• John HancockcoreTechnology or IntegrationRecordkeeping service provider partnership offering retirement plan administration services integrated with PB&H Benefits TPA capabilities.
• EmpowercoreTechnology or IntegrationRecordkeeping service provider partnership offering retirement plan administration services integrated with PB&H Benefits TPA capabilities.
• T. Rowe PricecoreTechnology or IntegrationRecordkeeping service provider partnership offering retirement plan administration services integrated with PB&H Benefits TPA capabilities.
• Lincoln Financial GroupcoreTechnology or IntegrationRecordkeeping service provider partnership offering retirement plan administration services integrated with PB&H Benefits TPA capabilities.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Empower Retirement: Empower is a major recordkeeper and TPA serving tens of thousands of employer-sponsored retirement plans. It is both a partnership counterparty and a direct competitor to PB&H for employers seeking a single-vendor retirement plan administration solution.
• Paychex Retirement Services: Paychex provides 401(k) plan administration bundled with payroll services to small businesses. Directly comparable to PB&H's small-business retirement plan offerings, particularly its payroll concierge integration service.
• Fidelity Workplace Investing: Fidelity's Workplace Investing unit administers retirement plans for thousands of mid-market and enterprise employers, offering similar plan design, compliance testing, and Form 5500 services as PB&H. It is a broad incumbent against which PB&H competes for employer plan mandates.
• ADP Retirement Services: ADP offers retirement plan administration bundled with payroll and HR solutions to small and mid-sized employers — overlapping with PB&H's payroll integration services and TPA capabilities. It is a broad incumbent in the same space.
• John Hancock Retirement Plan Services: John Hancock provides recordkeeping and administration for employer-sponsored retirement plans, including 401(k), 403(b), and defined-benefit offerings. Comparable to PB&H via its bundled TPA offerings and major role in PB&H's partnership network.
• Charles Schwab Retirement Plan Services: Schwab administers 401(k) and other employer-sponsored plans through a self-brokerage recordkeeping model. Comparable to PB&H in targeting mid-market employers seeking bundled retirement plan administration with participant web access.

Regional players

• ERISA Services, Inc. ERISA Services is a regional TPA providing retirement plan design, administration, nondiscrimination testing, and Form 5500 preparation to mid-market employers. Comparable to PB&H in offering a similar suite of compliance-focused retirement plan TPA services.
• TAG Resources: TAG Resources is a regional TPA serving the South Central U.S. with retirement plan and HSA administration for small and mid-sized employers. Comparable to PB&H in target segment (small employer plans) and geographic emphasis on regional employer bases.

Direct peers

• Ascensus: Ascensus is one of the largest independent third-party administrators in the U.S., providing recordkeeping and administration for retirement, education, and health savings accounts. It directly competes with PB&H Benefits in 401(k)/403(b)/457 plan administration, HSA, and Section 125 administration, but at vastly greater scale.

Others

• Mid Atlantic Trust Company: MidAtlantic Trust Company is PB&H's custodial and trading platform partner, providing daily valuation, asset custody, and electronic access. As an ecosystem enabler rather than direct competitor, it is comparable in serving the same recordkeeping infrastructure layer that smaller TPAs depend on.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pbhbenefits

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Pb&h Benefits