Madison, Wis. (February 1, 2016) – TASC (Total Administrative Services Corporation), a provider of tax-advantaged medical and other benefits account management services, today announced that their Chief Financial Officer (CFO) Steve Cable has been named the CFO of the Year by In Business Magazine.
With more than 30 years of public accounting and manufacturing experience, Steve Cable’s impressive career boasts a strong history of business growth—both in top-line sales, as well as bottom-line profits—including a record of accomplishments in cross-functional team building, cost savings, acquisitions and business results.
Last year, TASC had an interim Chief Operating Officer (COO) position that it needed desperately to fill. Due to Steve’s thorough understanding of TASC’s business model and operating metrics, the company’s Board of Advisors recommended him for the job. Steve filled that role comfortably and seamlessly, allowing Chief Executive Officer (CEO) Dan Rashke and other senior management to focus instead on a variety of other important growth initiatives. As a result, Steve has cemented his place as an integral part of the executive management team at TASC, bringing his much-needed financial leadership, experience and focus to a firm committed to organic and external growth.
“Since Steve joined TASC the number of acquisitions has increased by three or four times the amount previously, not only in number but in size as well. He helped not only in financing of the acquisitions, but he assisted the operational group in building competency in acquisition absorption as well,” said Dan Rashke, CEO of TASC. “And because of Steve’s five years of experience and capability, he was able to move into the COO spot easily and keep a burden off me and the rest of our management team.”
TASC Named Winner in 10th Annual Pay Awards
Madison, Wis. – (January 22, 2016) – Paybefore has selected TASC as a 2016 Pay Awards winner in the Best Health Benefits Delivery category. For 10 years, Pay Awards has conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile and emerging payments industry. TASC was selected by an expert judging panel that evaluated nominations from around the world.
“We’ve been recognizing excellence and innovation in payments for 10 years. Once again, we saw nominees from across the globe tackling payments problems with mastery and ingenuity,” says Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “We’re proud to recognize TASC's contributions to advancing electronic payments.”
TASC was recognized for development of its innovative TASC Card, and will now vie for Best-in-Category distinction. Visitors to Paybefore.com will have a chance to vote on Best in Category through February 29, 2016. The outcome of this vote (counted as one-sixth of the total) will be combined with the five judges’ picks to determine Best-in-Category honorees. In last year’s competition, Best-in-Category voting determined the outcome in nine categories.
Please go online and vote for TASC by following these easy steps:
Everyone can vote as many times as they care to, so vote early and vote often! Thank you.
Madison, Wis. – (December 3, 2015) – TASC (Total Administrative Services Corporation) was recently recognized by the Healthcare Trends Institute (HTI) second annual HealthDifference™ Awards for contribution to the betterment of the healthcare benefits industry.
TASC was the recipient of the 2015 Gold Award for Best Small Business Benefit Plan/Solution. This award was presented to TASC for development of its AgriPlan and BizPlan service offerings. Through use of these innovative Plans a self-employed small business owner is able to deduct 100 percent of his/her family’s medical expenses. AgriPlan and BizPlan Clients have collectively saved more than one billion dollars over the past 20 years.
The HTI HealthDifference awards recognize excellence in numerous healthcare benefits categories including best employee for a defined contribution plan, best small business benefit plan/solution, best private and public health insurance exchange platform, and more.
“TASC was recognized as the winner for Best Small Business Benefit Plan/Solutionin the healthcare benefits industry,” states HTI Executive Director Tiffany Wirth. “The HTI HealthDifference Awards showcase the very best in healthcare benefits contribution.”
About the Healthcare Trends Institute
The Healthcare Trends Institute is a new educational platform to help employers, third-party administrators, health plans, brokers, banks, payroll providers, consumers, and other stakeholders keep up with the rapidly changing healthcare benefits industry. It covers a range of topics related to the administration and management of healthcare benefits, including defined contribution, health exchanges, insurance, legislation, and more.
MADISON, Wis. (November 19, 2015) - TASC, the largest privately held, third-party employee benefits administrator in the country, was honored by the United Way of Dane County for its recent fundraising success. TASC received the 2015 Red Feather Award for the largest dollar increase in employee giving for large employers with 350 or more employees. TASC also finished among the top local large employers for the highest percent participation in an employee campaign, the highest average gift per donor, the largest percent increase in new donors, and for total employee and corporate giving. In addition, TASC received a Platinum Award for having a campaign with employee gifts averaging $250 or more per employees and a campaign award of distinction for having an increase of 25 percent or more in 2015.
“I am overjoyed at the generosity shown by TASC’s employees,” said Dan Rashke, 2015 United Way Campaign Chair and CEO of TASC. “TASC’s employees rocked this year, and together with employees at similarly-minded companies, we will be moving families on pathways out of poverty over the next year.”
The Dan and Patti Rashke (TASC) Family Foundation added to their employees’ giving by generously offering up a $350,000 matching grant to spur breakthrough funding for United Way. This innovative grant matches one-time, significant gifts which will fund United Way initiatives.
Madison, Wis. – October 16, 2015 – TASC has been awarded a 2015 Alchemy Award from the Public Relations Society of America (PRSA) Madison chapter. PRSA awarded TASC’s exceptional 40th Anniversary multi-media campaign for setting clear objectives, performing thorough research and planning, and utilizing effective execution and creativity to obtain measurable, data-based results.
TASC’ 40th anniversary campaign focused on TASC’s history and achievements over the past four decades, and highlighted TASC as an innovative, reliable partner that cares about its clients and the communities in which they live and work. The campaign featured several tactics including: a new commemorative logo, a historical timeline—featured in print, video, and on our website, an informative 40 facts flyer with notable TASC statistics, a TASC Museum, 40 hours of paid volunteer time for employees, and a huge Giving Together event in March, in which 500 employees were sent to 40 local non-profit agencies across the Madison area to volunteer.
“Our 40th Anniversary campaign has been successful in building the TASC brand and proving to our customers, distributors, and employees that we are a strong, reputable, caring company—around for four decades and looking forward to many more,” stated Stefanie Adams, TASC’s Director of Marketing.
Madison, Wis. – October 1, 2015 – TASC CEO Dan Rashke has been recognized as a finalist in the Annual 2015 Golden Bridge Awards® for Chief Executive of the Year. The coveted annual Golden Bridge Awards program with active participation from a broad spectrum of industry voices, encompasses the world’s best in organizational performance, products and services, innovations, executives and management teams, and more from every major industry in the world. Organizations from all over the world are eligible to submit nominations including public and private, for-profit and non-profit, largest to smallest and new start-ups. Learn more about the outstanding performances in the workplace recognized by Golden Bridge Awards at www.goldenbridgeawards.com.
As leader of the nation’s largest, privately held, stand-alone third-party administrator for employee benefits programs, Dan Rashke’s contribution to the company’s growth, innovation and profitability are immeasurable, consistently resulting in record sales and earnings. Yet for all of TASC’s financial success, Dan Rashke’s most important legacy is his commitment to philanthropy. From championing policies that give his employees paid time off for volunteering, to creating new products that empower employees everywhere to give to the causes they care about most, Dan leads by example, volunteering a significant portion of his own time and money to charities.
“It’s an honor to be named a finalist by Golden Bridge Awards for this esteemed industry and peer recognition,” said Dan Rashke. “These awards are a testament to TASC’s commitment to bringing affordable healthcare and innovative services to employers of all sizes and their employees.”
Madison, Wis. (September 22, 2015) – TASC (Total Administrative Services Corporation), a provider of tax-advantaged medical and other benefits account management services, is pleased to announce that Chief Executive Officer (CEO) Dan Rashke has been named as one of the recipients of the organization’s 10th annual HealthCare Consumerism Superstars and Industry Innovator Awards. Rashke, along with three other CEOs are receiving this year’s Leadership Award.
The HealthCare Consumerism Superstars and Industry Innovators awards spotlight executives and organizations that, in the past twelve months, have most transformed the corporate health and benefits field and radically increased employee engagement in their own health and well-being.
“The corporate health and benefits marketplace has responded with swift entrepreneurial force to a confluence of powerful new technologies, Affordable Care Act implications and rampantly rising costs impacting the U.S. health care system,” said Doug Field, founder and CEO of The Institute for HealthCare Consumerism. “The HealthCare Consumerism Superstars and Innovators program rewards and encourages continued business creativity that will positively alter our health care landscape,” Field added.
“Affordable healthcare and innovative services are at the very core of TASC values,” says TASC CEO Dan Rashke. “Being recognized by an organization that shares our beliefs is very rewarding for me and everyone at TASC.”
The 2015 HealthCare Consumerism Superstars and Industry Innovators will be formally honored during an awards dinner ceremony held the evening of November 17 in conjunction with The Institute for HealthCare Consumerism’s 2015 IHC FORUM West conference at Red Rock Resort in Las Vegas.
Madison, WI (September 9, 2015): TASC (Total Administrative Services Corporation) is pleased to announce the launch of the ACA Employer Reporting service offering to help employers comply with the Employer Shared Responsibility Mandate (ESRM). Implementation of the Affordable Care Act, with its increased regulations has many employers facing escalated complexity related to compliance. And now ESRM will make employers responsible for multiple facets of reporting on their employer qualification, employee qualification, and reporting to the IRS.
ACA Employer Reporting Guides Employers through the Process
TASC's ACA Employer Reporting service offering will help employers determine if they are an Applicable Large Employers (ALEs) and if ESRM applies to them. In addition, if the mandate does apply, TASC will help make sure the employer’s coverage is of minimum value and affordable and what transitional relief may be available.
Employer Centric Features
With this new service offering TASC will:
“The launch of our ACA Employer Reporting service offering is just another indicator of TASC’s commitment to keeping our Clients in compliance with the current Internal Revenue (IRS) and Department of Labor (DOL) rules,” says Dan Rashke, TASC CEO. “And in this time of constantly changing regulations, TASC continues to stand by its Clients with helpful service offerings, timely compliance updates, and an exclusive Audit Guarantee.”
Madison, WI>(September 2, 2015)>TASC (Total Administrative Services Corporation) is pleased to announce that it has reached an agreement to acquire BMO Benefit Services, a part of BMO Global Asset Management and a division of BMO Harris Bank N.A. BMO Benefit Services works with organizations to provide tax-free savings options for their employees, including Flexible Spending Accounts (FSA) and Health Reimbursement Accounts (HRA).
With this acquisition TASC remains the largest privately held, third-party employee benefits administrator in the country.
We are pleased to work with BMO Global Asset Management on this transaction,” said Dan Rashke, CEO of TASC. “Their focus on quality and customer service is a perfect fit with our mission to deliver innovative services with right-touch experiences for our distributors, clients, and plan participants.”
Today, with a sales force of more than 10,000 combined distributors and regional sales directors and more than 900 employees nationwide, TASC processes over $2 billion in payments annually. With TASC, clients of BMO Benefit Services will have access to additional benefits administration services.
“We believe that this business will flourish under TASC given their dedication to the flexible benefits space and that our clients and talented team of employees will be well served working with a strong and growing industry leader,” said Steve Arquilla, COO, BMO Global Asset Management (US).
Mr. Arquilla noted that the transaction was consistent with BMO Global Asset Management’s ongoing strategy to focus on its world-class asset management business and complementary services such as institutional trust and custody.
Subject to the satisfaction or waiver of all conditions under the transaction agreement, the transaction is expected to close September 30, 2015. Terms of the transaction were not disclosed.
Madison, Wis. (August 18, 2015) - TASC (Total Administrative Services Corporation), the country’s largest privately held, third-party employee benefits administrator, made THE LIST! We are pleased and proud to be among the top 5,000 fastest growing private companies in at 3,917th with a three-year growth rate of 76 percent.
By making the list this year, TASC now shares a pedigree with companies like Clif Bar, GoPro, Intuit, Microsoft, Oracle, Patagonia, Timberland, Under Armour, Zappos, and other notable alumni. Other first timers on the list include Bowlmor AMF, Box, Fitbit, Giftcards.com, Mindbody, Planet Fitness, Radio Flyer, and Smashburger.
TASC Chief Executive and owner Dan Rashke says he feels a deep sense of gratitude to all TASC employees, representatives, and customers for their part in helping the company grow. “First, I thank our employees for their talent, effort, and dedication,” Rashke stated. “Second, I thank our independently contracted insurance agents and brokers, financial advisors, and accountants for trusting their Clients with TASC. And finally, I would like to thank our customers for choosing TASC to handle these important benefits accounts for your employees.”
The Inc. 5,000 Fastest Growing Private Companies will be honored at a conference and gala held in Orlando, Florida this October (2015).
TASC receives two prestigious awards.
Madison, Wis. (July 20, 2015) – TASC (Total Administrative Services Corporation) and American Printing Company are proud to be recognized in the 2015 Great Lakes Graphics Association of Illinois, Indiana, and Wisconsin Graphic Excellence Award Program. Each year, the Association’s Graphics Excellence Awards (GEA) program recognizes companies through Illinois, Indiana, and Wisconsin for the superb craftsmanship in the design, creation, and production of top-quality printed material they produce for their customers.
TASC and American Printing Company won the Gutenberg 2015 Best of Category and Best of Division for their work on the Provider Incentive Program (PIP) Key Largo Brochure promoting the location for the next incentive trip. The brochure was designed by Firepower Design Company, Madison, Wis., with the assistance of Jenny Klamm, TASC’s Event & Meeting Planner, and Shari Gasper, TASC’s Corporate Communications Specialist.
TASC CEO Named One of the Most Influential People in Madison
Madison, Wis. (July 9, 2015) - TASC (Total Administrative Services Corporation), the country’s largest privately-held, third-party employee benefits administrator, is pleased to announce that its Chief Executive Officer Dan Rashke was recently listed as one of the 25 most influential people in Madison, Wisconsin by Madison’s In Business magazine.
Rashke was recognized for being integral to TASC’s transformation to a nationally admired company and for building the corporation into a $100 million dollar entity with nearly 900 employees nationwide. Since becoming CEO of TASC in 1995, Rashke has led the charge on every aspect of TASC’s strategy, mission, and culture.
TASC’s impressive growth isn’t the only reason Rashke—winner of the Brian Howell Excellence in Innovation Award—and TASC are so admired. It’s Rashke’s dedication to the broader industry and community that has elevated the company brand and also redefined what it means to be a leader.
In Business Magazine cited Rashke’s work in the community, and his enabling of employees to do the same, as items that set him apart. This commitment to philanthropy is clear. He’s the 2015 campaign chair for the United Way of Dane County, and encourages TASC employees to volunteer, granting them up to five days of paid time off each year to contribute their time, money, and minds to bettering the community.
“When you look at the other 24 individuals included in this year’s list of influential people in Madison, you can’t help but be honored by this designation,” said Rashke. “I hope the work that I and TASC are able to accomplish in the future continues to demonstrate our desire to improve all of the communities we all live and work in.”
Madison, Wis. (May 7, 2015) – TASC (Total Administrative Services Corporation) is proud to be recognized in the second annual Alegeus Performance EXcellence (APEX) Awards Program. The APEX awards recognize Alegeus clients for remarkable business performance and success. The winners are chosen based on their impressive growth, innovation, market leadership, consumer empowerment, and engagement.
TASC Chief Development Officer Pam Reynolds is especially pleased that TASC took home the Industry Innovation award, which recognizes an organization that strategically or creatively leverages technology as a means of differentiating their product/service offerings. “Using innovation and technology to set us apart in marketplace is one of TASC’s guiding principles,” said Reynolds. “To be recognized and awarded for something so key to our culture is very gratifying.”
TASC received its honor during Alegeus’ Annual Client Conference in San Diego, California. TASC’s Executive Vice Presidents of Business Technology Services (BTS) Karl Richards is also pleased with the award. “This award reflects the countless hours and dedication on the part of our entire IT staff to ensure that this technology performs to our high standards and continues to lead the industry,” said Richards.
Madison, Wis. (April 6, 2015) - TASC (Total Administrative Services Corporation), the country’s largest privately-held, third-party employee benefits administrator, is pleased to announce the hire of Cliff Mason as the corporation’s new President.
Mason comes to TASC from Swift Exchange, LLC. As Executive Vice President of Payment Technologies, Mason led multiple teams focused on facilitating Swift’s strategy for in-store payments with enterprise merchants in North America. Mason brings more than 25 years of experience in financial services, including payments networks and services. He has extensive expertise in ACH, card, check, credit, debit, prepaid and alternative systems of payment such as via internet/mobile.
In addition, Mason’s experience includes working in sales for an emerging payments technology company (that was acquired by Google), and helping to create and manage a company with revenues that grew from $5 million to over $70 million today.
TASC CEO Dan Rashke stated, “We are very excited about the addition of Cliff Mason to TASC’s leadership team. He brings additional capacity and different capabilities to TASC, which will help us continue to grow at nearly 20 percent annually.”TASC acquires MGIS CDH Service Offering
Madison, Wis. (February 3, 2015) - TASC (Total Administrative Services Corporation), the country’s largest privately-held, third-party employee benefits administrator, is pleased to announce the acquisition of the Consumer-Directed Healthcare (CDH) service offering of the MGIS Companies (MGIS) based in Salt Lake City, Utah.
The MGIS CDH service offering includes Flexible Spending Account (FSA), Health Reimbursement Arrangement (HRA), Health Savings Account (HSA), and COBRA services. This transaction will not affect the MGIS core insurance product lines (physician group disability, medical-professional liability), and highlights the company’s ongoing strategic focus on physicians nationwide and providing the highest quality insurance products specifically tailored to their needs.
TASC CEO Dan Rashke stated, “The MGIS CDH business line is a great addition to TASC. Their focus on quality and customer service is a perfect fit with our mission to deliver innovative services with right-touch experiences for our distributors, Clients, and Plan Participants.”
Today, with a sales force of 10,000+ combined distributors and regional sales directors and a team of 900+ employees nationwide, TASC generates more than $870 million in revenue and processes over $2 billion in payments annually.
“This acquisition will allow our CDH business to continue to innovate and excel with one of the best companies in the industry, and underscores our long-term strategic focus on specialty insurance products specifically for healthcare professionals,” said Jeff Brunken, CEO, The MGIS Companies.
By joining forces with TASC, MGIS CDH will be able to expand benefits administration services to its Clients. TASC provides a wide range of employee benefits solutions to Clients of all sizes across all 50 states: Flexible Spending Accounts, Health Reimbursement Arrangements, Funded HRAs, Health Savings Accounts, workplace charitable giving, tuition reimbursement, and payroll; COBRA, FMLA, and Retiree continuation services; and compliance services, including ERISA, PCORI, IRS Form 5500 Preparation, and Non-Discrimination Testing.
The MGIS Companies, Inc. helps brokers, practice managers, and other healthcare professionals create effective and targeted malpractice and disability insurance programs for physicians and medical professionals. For 45 years, the company has provided specialized group disability insurance, medical-professional liability insurance, and practice improvement ancillary products and services to more than 10,000 physician groups, 900,000 group members, and 300,000 physicians nationwide. The MGIS group disability policies are backed by Sun Life Financial®, one of the largest and highest-rated insurance companies in North America. The MGIS medical-professional liability insurance policies are backed by Freedom Specialty Insurance Company, a Nationwide® Company, rated A+ (Superior) by A.M. Best. For more information visit our website www.mgis.com.
Madison, Wis. (January 6, 2015) – Since 1975, TASC (Total Administrative Services Corporation) has been helping family farmers, small business owners, and larger employers provide affordable healthcare, retirement planning and compliance benefits for their families and employees across the nation.
“In our forty-year history, we have been able to help more than tens of thousands businesses nationwide provide not only their employees, but also their families with essential healthcare, continuation, and compliance services,” said Dan Rashke, TASC’s chief executive officer. “We know that the service offerings we offer have had a positive impact on quality of life for our Clients.”
TASC was founded by Dan Rashke’s father, Don, as a small insurance agency in Stevens Point, near where the family owned and operated a farm. “My father had a very entrepreneurial spirit and that is reflected in the benefits programs we offer and the clients we market to,” said Rashke. “Being the sole proprietor of a farm and then a small business, my dad was passionate about helping the little guy.”
TASC celebrates its 40th anniversary with record-breaking revenue and is poised to hire its 1,000th employee in the upcoming year. The company will have a formal 40th anniversary celebration this March during its annual Company Meeting and Award Ceremony.