| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
41 |
| Employees |
2,120 |
| Revenues (TTM) (Millions $) |
456 |
| Net Income (TTM) (Millions $) |
10 |
| Cash Flow (TTM) (Millions $) |
-92 |
| Capital Exp. (TTM) (Millions $) |
23 |
Business Description
Wageworks Inc is an American company that specializes in providing consumer-directed benefits for employee, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and other tax-advantaged benefits. The company is headquartered in San Mateo, California and has multiple offices throughout the United States.
Wageworks Inc was founded in 2002 by Joe Jackson, who served as the CEO until 2019. The company has since become a leading provider of consumer-directed benefits, serving over 100,000 employers and 12 million enrollees across the United States. The company has over 2,000 employees and generated over $500 million in revenue in 2019.
Wageworks Inc offers a variety of tax-advantaged benefits, such as HSAs, FSAs, Health Reimbursement Arrangements (HRAs), Commuter Benefits, COBRA and Retiree Benefits. These benefits are designed to help employees save money on healthcare expenses, transportation costs, and other eligible expenses. The company also offers a number of online tools and resources to help employees manage their benefits, including a mobile app and an online portal.
One unique feature of Wageworks Inc is their focus on compliance and regulatory requirements. The company has a team of experts dedicated to ensuring that their clients' benefits are compliant with federal and state laws and regulations. This expertise helps employers mitigate their compliance risk and avoid costly penalties.
In addition to their consumer-directed benefits, Wageworks Inc also partners with other companies to offer a variety of wellness and lifestyle programs. These partnerships aim to promote healthy habits and wellness among employees, such as discounted gym memberships or nutrition counseling.
Overall, Wageworks Inc is a leading provider of consumer-directed benefits in the United States, offering a range of tax-advantaged benefits and compliance expertise to employers and their employees. The company's focus on innovation, compliance and employee wellness makes them a valuable partner for organizations looking to improve their benefits offerings.
Company Address: 1100 Park Place San Mateo 94403 CA
Company Phone Number: 577-5200 Stock Exchange / Ticker: NYSE WAGE
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