Corporate Synergies Company Profile

Background

Founded in 2003, Corporate Synergies is a national insurance and employee benefits brokerage and consultancy. The company specializes in delivering strategies that control costs, relieve administrative burdens, and mitigate risk for employers.

Key Strategic Focus

Corporate Synergies focuses on providing comprehensive employee benefits and insurance solutions. Their services include:

Benefits Program Design & Management: Tailoring employee benefits programs to meet organizational needs.

Benefits Compliance Consulting: Ensuring adherence to state and federal employee benefits regulations.

Benefits Administration & Systems: Implementing and maintaining benefits administration systems to streamline processes.

Employee Advocacy & Support: Assisting employees in understanding and utilizing their benefits effectively.

Health Wellness & Education: Developing health and wellness programs to promote employee well-being.

Employee Education & Communications: Creating educational content to help employees make informed decisions about their benefits.

Financials and Funding

As of December 2024, Corporate Synergies reported annual revenue of $75 million. The company was acquired by Foundation Risk Partners on November 1, 2017.

Leadership Team

John Turner: CEO/President

Anthony DiLallo: Vice President and CFO

Gregory Andrews: Senior Vice President

Andrew Bloom: Executive Vice President, Operations

Lawrence Burns: Senior Vice President

John Crable: Senior Vice President

Bruce Barr: Senior Vice President

Brian Feeley: Senior Vice President of Marketing

Mike Lisa: Executive Vice President

Matt Strain: Senior Vice President

Victor Dezelic: Senior Vice President

Jeffrey Miller: Area Vice President

Christa Rapoport: Chief Compliance Officer

Daniel Kuperstein: General Counsel and Senior Vice President, Compliance

Steven Schwartz: Regional Vice President

Robert Flicker: Regional Vice President

Timothy Hayden: Regional Vice President Sales

Randy Shaw: Senior Vice President Business Development

Larry Burns: Senior Vice President, Director of International Benefits

Eileen Fogarty: Senior Vice President of Human Resources

Michael Gazzara: Vice President

Suzanne Bruce: Vice President

Hyong Park: Chief Information Officer

Travis Turner: Vice President, Account Management

Deborah Watters: Vice President, Business Development

Stephanie Ward: Vice President, Account Management

Competitor Profile

Market Insights and Dynamics

The employee benefits and insurance brokerage industry is highly competitive, with numerous firms offering a range of services to employers. Key factors influencing the market include regulatory changes, technological advancements, and the increasing complexity of employee benefits programs.

Competitor Analysis

Corporate Synergies faces competition from several firms, including:

Maxwell Health: A benefits management platform offering a range of services similar to Corporate Synergies.

Digital Benefit Advisors: Provides employee benefits consulting and brokerage services.

Frenkel Benefits: Specializes in employee benefits consulting and administration.

Zenefits: Offers a cloud-based HR platform that includes benefits administration.

Gusto: Provides payroll, benefits, and human resources management software.

Strategic Collaborations and Partnerships

Corporate Synergies has engaged in partnerships to enhance its service offerings. For instance, the company partnered with The Council of Insurance Agents & Brokers to ensure employers' perspectives are represented on Capitol Hill.

Operational Insights

Corporate Synergies differentiates itself through a comprehensive suite of services that address various aspects of employee benefits and insurance. The company's focus on compliance consulting, benefits administration, and employee advocacy positions it as a full-service provider in the industry.

Strategic Opportunities and Future Directions

As part of Foundation Risk Partners, Corporate Synergies has opportunities to expand its market reach and enhance its service offerings. The company's commitment to innovation and client service positions it well to adapt to evolving market demands and regulatory changes.