Capital Administrative Services, Inc.

What Capital Administrative Services, Inc. does

Capital Administrative Services, Inc. (CAS) is a privately held third-party administrator founded in 2001 and headquartered in Tallahassee, Florida. The company provides post-tax employee benefits administration and payroll-deduction billing services exclusively to State of Florida government agencies, serving 16+ departments including the Department of Revenue, Department of Transportation, Department of Law Enforcement, Department of Corrections, Department of Children and Families, and the Justice Administrative Commission. Its customer base is entirely composed of Florida state agencies, and the company claims over 100 years of combined team expertise and over 90% persistency on payroll deduction business.

CAS operates two core service lines: Employee Benefit Solutions (administration of voluntary insurance products such as critical illness, disability, life, accident, cancer, hospital income, legal, automobile, and educational savings) and Billing Solutions built around a proprietary Payroll Accounting Management System developed over 40 years ago. The PAMS platform handles consolidated billing, electronic statements and deposits, multi-source deductions, refund and pay warrant cancellations, and benefit retention tooling. The system is integrated with the State of Florida's People First payroll platform for automated deduction processing.

The business model is a managed-services / contractual arrangement with Florida state agencies, generating third-party administration fees from managing payroll deductions and coordinating with a network of 20+ insurance carrier partners including Aflac, Colonial Life, The Hartford, MetLife, Unum, Reliance Standard, and Washington National. Go-to-market is direct enterprise sales to agency HR and Benefits Coordinators. Revenue is not publicly disclosed; the company is founder/management-owned with no recorded external funding, M&A activity, or leadership transitions in the available data.

Name

Capital Administrative Services, Inc.

Legal name

Capital Administrative Services, Inc.

Website

https://capitaladminservices.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

Capital Administrative Services is a privately held Tallahassee-based third-party administrator that provides post-tax employee benefits administration and proprietary payroll-deduction billing exclusively to 16+ State of Florida government agencies.

Ownership category

akta.pro rank

Product category

Employee Benefits Administration Services

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

Ancillary Benefits TPA (Dental/Vision/Life/Accident/Critical Illness) (HLAEALAN)

Keywords

• Employee benefits administration
• Payroll deduction billing
• Third-party administration
• Government benefits management
• Voluntary benefits enrollment

Headquarters

HQ city

Tallahassee

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Revenue model

1. Benefits Administration Services: Third-party administration fees for managing employee benefits programs for State of Florida agencies, including payroll deduction management, billing services, and benefit coordination with insurance carriers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Capital Administrative Services, Inc. (CAS) is a third-party administrator (TPA) that provides Employee Benefit Solutions and Billing Solutions to State of Florida government agencies. The company administers voluntary employee benefits via payroll deductions and operates a proprietary billing/payroll accounting management system. Founded in 2001 and headquartered in Tallahassee, Florida, CAS currently serves 16+ state agencies with 1-10 employees.

Product overview

Capital Administrative Services, Inc. operates as a third-party administrator providing two core service lines: Employee Benefit Solutions and Billing Solutions. The Employee Benefit Solutions service administers various voluntary insurance products (critical illness, disability, life, accident, cancer, hospital income, automobile, legal services, and educational benefits) through payroll deduction for State of Florida agencies. The Billing Solutions service provides payroll accounting management including consolidated billing, electronic deposits, multiple source deductions, and refund/pay warrant cancellations. The company serves over 15 Florida state agencies and has been in operation since 2001, with over 100 years of combined expertise across their team.

Differentiator

Problem solved

Functional benefit

Products and services

• Employee Benefit Solutions

Quantifiable outcome

• Over 90% persistency rate on payroll deduction business
• +1 more outcomes

Named customers15 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

22 partnerships are on record, tiered core.

• AflaccoreTechnology or IntegrationAflac provides short-term disability and critical care insurance products administered through CAS for State of Florida employees. CAS facilitates payroll deductions for Aflac policies.
• Colonial Life & Accident Insurance CompanycoreTechnology or IntegrationColonial Life provides accident, cancer, disability, hospital indemnity, and life insurance products available through CAS-administered payroll deductions.
• Life Insurance Company of North America (LINA)coreTechnology or IntegrationLINA provides group term life and long-term disability insurance through New York Life Group Benefits Solutions for State of Florida employees via CAS administration.
• Reliance Standard Life Insurance CompanycoreTechnology or IntegrationReliance Standard provides group term life insurance products administered through CAS payroll deduction programs for various state agencies.
• Washington National Insurance CompanycoreTechnology or IntegrationWashington National provides cancer, critical illness, hospital income, accident, and life insurance products available through CAS-administered benefits.
• The HartfordcoreTechnology or IntegrationThe Hartford provides group term life and accidental death & dismemberment insurance for State of Florida employees through CAS administration.
• ManhattanLifecoreTechnology or IntegrationManhattanLife provides critical illness insurance products administered through CAS for State of Florida government employees.
• MetLife Legal PlanscoreTechnology or IntegrationMetLife provides prepaid legal plan services available through CAS payroll deduction for state employees.
• LegalShieldcoreTechnology or IntegrationLegalShield provides prepaid legal plan services through CAS-administered payroll deductions for various state agencies since 1993.
• UnumcoreTechnology or IntegrationUnum provides group long-term disability and group term life/AD&D insurance for Florida Department of Agriculture employees through CAS.
• Florida Prepaid College PlanscoreTechnology or IntegrationFlorida Prepaid provides 529 prepaid and savings plans available through CAS-administered payroll deductions for state employees' education savings.
• American National Life Insurance CompanycoreTechnology or IntegrationAmerican National provides individual life insurance products available through CAS-administered payroll deductions.
• AssuritycoreTechnology or IntegrationAssurity provides term life, whole life, and universal life insurance products through CAS payroll deduction programs.
• State Securities CorporationcoreTechnology or IntegrationState Securities provides individual life, accident, disability, and hospital income insurance through CAS administration.
• ARAG Insurance CompanycoreTechnology or IntegrationARAG provides prepaid legal plan services for Florida Department of Corrections employees through CAS payroll deductions.
• U.S. Legal Services, Inc.coreTechnology or IntegrationU.S. Legal Services provides prepaid legal plan options for Florida Department of Corrections through CAS.
• Mercer Voluntary BenefitscoreTechnology or IntegrationMercer provides auto insurance programs with exclusive discounts for State of Florida employees through CAS-administered payroll deductions.
• AAA Auto Club SouthcoreTechnology or IntegrationAAA provides emergency roadside assistance membership available through CAS payroll deduction for state employees.
• BMG Money, Inc.coreTechnology or IntegrationBMG Money provides emergency loan programs available through CAS-administered payroll deductions for eligible state employees.
• Protective Life Insurance CompanycoreTechnology or IntegrationProtective Life Insurance provides individual life insurance products through CAS-administered benefits for Florida Department of Revenue.
• American General Life Insurance CompanycoreTechnology or IntegrationAmerican General provides group term life insurance through CAS for Florida Department of Law Enforcement employees.
• State of Florida - People First SystemcoreTechnology or IntegrationIntegration with the State of Florida's People First payroll system for automated payroll deduction processing and benefit enrollment management.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/capital-administrative-services-inc

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 Capital Administrative Services, Inc.