Third Party Administration of Insurance and Pension Funds in New York
Revenue benchmarks for third party administration of insurance and pension funds businesses operating in New York.
#12 of 50 states-21.5% vs national avg
Average Revenue
$31.9M
per year
Businesses
226
in New York
Revenue / Employee
$286K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
1.1
firms per 100K in NY
Total Revenue
$7.2B
all firms in NY
Total Employees
25,211
in NY
How New York Compares
National Average$40.7M
New York$31.9M
Difference$8.7M (-21.5%)