Third Party Administration of Insurance and Pension Funds in Maryland
Revenue benchmarks for third party administration of insurance and pension funds businesses operating in Maryland.
#33 of 50 states-57.8% vs national avg
Average Revenue
$17.2M
per year
Businesses
62
in Maryland
Revenue / Employee
$307K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
1.0
firms per 100K in MD
Total Revenue
$1.1B
all firms in MD
Total Employees
3,465
in MD
How Maryland Compares
National Average$40.7M
Maryland$17.2M
Difference$23.5M (-57.8%)