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.