Third Party Administration of Insurance and Pension Funds in Minnesota
Revenue benchmarks for third party administration of insurance and pension funds businesses operating in Minnesota.
#2 of 50 states+130.2% vs national avg
Average Revenue
$93.6M
per year
Businesses
72
in Minnesota
Revenue / Employee
$416K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
1.3
firms per 100K in MN
Total Revenue
$6.7B
all firms in MN
Total Employees
16,183
in MN
How Minnesota Compares
National Average$40.7M
Minnesota$93.6M
Difference+$52.9M (+130.2%)