Third Party Administration of Insurance and Pension Funds in New Jersey
Revenue benchmarks for third party administration of insurance and pension funds businesses operating in New Jersey.
#9 of 50 states+3.0% vs national avg
Average Revenue
$41.9M
per year
Businesses
90
in New Jersey
Revenue / Employee
$295K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
1.0
firms per 100K in NJ
Total Revenue
$3.8B
all firms in NJ
Total Employees
12,797
in NJ
How New Jersey Compares
National Average$40.7M
New Jersey$41.9M
Difference+$1.2M (+3.0%)