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Top 44 Benefits Administration Software Companies With $1M–$5M Revenue (August 2026)

As of August 2026, Latka tracks 44 benefits administration software companies with $1M–$5M in annual revenue. They have combined revenues of $118.1M and employ 1.3K people. They have raised $40.3M and serve 2.5M customers combined.

Every company below sells benefits administration software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Benefits Administration Software Companies do

Benefits Administration Software is a specialized category of software designed to help organizations efficiently manage employee benefits programs. This software typically streamlines processes such as enrollment, compliance, and record management while providing tools for reporting and analytics. By automating these tasks, organizations can reduce administrative workloads and minimize errors, enhancing the overall experience for both HR professionals and employees. Common use cases include managing health insurance, retirement plans, and other employee benefits during open enrollment periods. Typical features include self-service portals for employees, integration with payroll systems, and customizable benefit plans. The primary users of this software are HR departments, benefits managers, and payroll administrators who require a solution that simplifies their benefits administration tasks while maintaining compliance with relevant regulations.

Companies
44
Revenue
$118.1M
Funding
$40.3M
Employees
1.3K

Filters

Sorting: Highest -> Lowest

Filters

Top Benefits Administration Software Companies With $1M–$5M Revenue

Showing 10 of 44 companies ranked by annual revenue.

1level.com logo
level.com

New York, New York, United States

Level is a fintech company that develops financial products aimed at creating innovative employee benefit solutions. It operates a managed marketplace of advisors and aims to transform the employee benefits landscape with flexible options.

Revenue
$4.9M
Year founded
2018
Team size
229
2Amplify HR Management logo
Amplify HR Management

Chicago, Illinois, United States

Firm providing comprehensive human resources solutions to small and midsize businesses, including payroll, tax administration and employee benefit programs

Revenue
$4.8M
Year founded
2017
Team size
44
3Zelt logo
Zelt

London, England, United Kingdom

Zelt is an HR technology company that offers an all-in-one platform to manage human capital, combining payroll, benefits, IT, and people operations in a single system.

Revenue
$4.7M
Year founded
2021
Team size
44
4Employdrive logo
Employdrive

Glen Allen, Virginia, United States

Helps customers to bridge the gap between benefits and payroll. Services include HR and benefits administration software and services

Revenue
$4.5M
Year founded
2009
Team size
30
5GoJoe logo
GoJoe

Liverpool, England, United Kingdom

GoJoe is a digital health and fitness platform designed to enhance employee engagement and wellbeing, offering an employee benefits programme that prioritises employee wellbeing, employee engagement, and employee welfare.

Revenue
$4.5M
Year founded
2018
Team size
34
6Degura GmbH logo
Degura GmbH

Germany

Founded in Berlin in 2018, we are now an HR tech company that has not only developed a user-friendly cloud for company pension plans (bAV). At the same time, we are transforming the entire bAV process and connecting employees, employers and insurance companies directly digitally. Our pension cloud can be connected to all common HR management systems.

Revenue
$4.4M
Year founded
2018
Team size
40
7Woliba: A Comprehensive Employee Engagement & Benefits Solution logo
Woliba: A Comprehensive Employee Engagement & Benefits Solution

New York, New York, United States

Woliba is a comprehensive employee benefits and engagement solution designed to foster a positive workplace culture and enhance team collaboration within organisations. With a mission to cultivate a culture of employee engagement & wellbeing, Woliba aims to empower employees to thrive. By reducing workplace stress and fostering stronger team connections, Woliba is revolutionising engagement, recognition, and wellness practices for evolving companies. Follow us on Instagram: @woliba_wellness Or find us here: linktr.ee/wolibawellness

Revenue
$4.3M
Year founded
2014
Team size
39
8SPENDIT logo
SPENDIT

Munich, Bayern, Germany

Developer of a digital canteen application intended to by innovative in terms of employee benefits. The company's application offers a digital canteen and supports employees with subsidy to buy their food in the supermarkets or the restaurants and offers no restriction in selection of the restaurant, enabling employers to simplify the concept of food trade mark and employees to eat food in the place of their choice.

Revenue
$3.9M
Customers
5.5K
Year founded
2014
Funding
$3.7M
Team size
70
9Brite logo
Brite

Salt Lake City, Utah, United States

Software that helps employees pick their employee benefits.

Revenue
$3.8M
Year founded
2020
Team size
25
10Shortlister logo
Shortlister

Park Ridge, Illinois, United States

Shortlister is the largest HR benefits database and RFP platform for effortlessly researching, comparing and selecting vendors. We feature over 6,500 HR, wellness, and benefits vendors across 200+ products. Designed to manage the entire vendor lifecycle process – from research to RFP – Shortlister uses a proprietary matching algorithm that identifies vendors most compatible with an employer's budget, demographics, and unique programs in real time. With an audience of over 45k+ monthly website visitors and 8k+ in-platform searches, vendors can create a free profile to showcase products and services in front of some of the industry's biggest brokers, consultants, and employers.

Revenue
$3.5M
Year founded
2013
Team size
32

Frequently asked questions about Benefits Administration Software Companies With $1M–$5M Revenue

How many benefits administration software companies with $1M–$5M in annual revenue are there?

Latka tracks 44 benefits administration software companies with $1M–$5M in annual revenue. Together they generate $118.1M in annual revenue and employ 1.3K people.

Which benefits administration software company with $1M–$5M in annual revenue is the largest?

level.com is the largest, with $4.9M in annual revenue, founded in 2018.

How much revenue does a typical benefits administration software company with $1M–$5M in annual revenue make?

The average benefits administration software company in this list makes $2.7M a year, across 44 companies with reported revenue. They serve 2.5M customers combined.

Who are the leading Benefits Administration software vendors with $1M–$5M in annual revenue?

Ranked by annual revenue, the leaders are level.com, Amplify HR Management, Zelt, Employdrive and GoJoe.

How much funding have benefits administration software companies with $1M–$5M in annual revenue raised?

The 44 benefits administration software companies with $1M–$5M in annual revenue tracked here have raised $40.3M in disclosed funding between them.

Related HR Software categories

Inclusion Criteria

- Must provide tools for automated enrollment and eligibility management - Should include compliance management features to adhere to legal requirements - Needs to support employee self-service functionalities for accessing benefits information - Must offer reporting and analytical capabilities for tracking benefits costs and usage - Should integrate seamlessly with other HR and payroll systems - Not just for basic tracking; must also provide comprehensive benefits plan management tools