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WageWorks - Benefits Administration

Vendor Analysis

by NelsonHall Analyst

published on Nov 08, 2017

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Report Overview:

This NelsonHall vendor assessment analyzes WageWorks' capabilities and offerings in benefits administration.

Who is this Report for:

NelsonHall’s benefits administration vendor assessment for WageWorks is a comprehensive assessment of WageWorks’ benefits administration services offering and capabilities, designed for: 

  • Sourcing managers monitoring the capabilities of existing suppliers of benefits administration and identifying vendor suitability for benefits administration RFPs 
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers 
  • Financial analysts and investors specializing in the benefits administration sector. 

Scope of this Report:

The report provides a comprehensive and objective analysis of WageWorks’ benefits administration offering, capabilities, and market and financial strength, including: 

  • Identification of the company’s strategy, emphasis, and new developments 
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  •  Analysis of the company’s offerings and key service components
  •  Analysis of the company’s delivery organization including the location of delivery locations. 

Key Findings & Highlights:

WageWorks is a provider of tax-advantaged consumer directed health, commuter, and employee benefit plans in the U.S.  

WageWorks’ benefits administration services offering includes consumer directed health accounts, commuter accounts, fitness/gym programs, tuition reimbursement, COBRA administration, and private exchange administration.

WageWorks has ~100k clients and serves ~6.5m participants. 

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