Vendor Analysis
published on Oct 11, 2016
Report Overview:
This NelsonHall vendor assessment analyzes WageWorks' offerings and capabilities in Benefits Administration.
Who is this Report for:
NelsonHall’s Benefits Administration vendor assessment for WageWorks is a comprehensive assessment of WageWorks’ benefits administration 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 offering includes reimbursement/spending account administration (health accounts, commuter accounts, fitness programs, and tuition programs), COBRA administration, and private exchange administration.
In total, WageWorks has ~58k clients and serves ~4.5m participants.