Third Party Administration of Insurance and Pension Funds in Michigan
Revenue benchmarks for third party administration of insurance and pension funds businesses operating in Michigan.
#37 of 50 states-65.6% vs national avg
Average Revenue
$14.0M
per year
Businesses
100
in Michigan
Revenue / Employee
$244K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
1.0
firms per 100K in MI
Total Revenue
$1.4B
all firms in MI
Total Employees
5,741
in MI
How Michigan Compares
National Average$40.7M
Michigan$14.0M
Difference$26.7M (-65.6%)