Expansion at company’s headquarters to create 80 jobs
MADISON – Total Administrative Service Corporation (TASC), a third-party benefits administrator, is expanding its operations in Madison – a project expected to create 80 jobs over the next three years.
“This investment by TASC solidifies the company’s continued commitment to Wisconsin,” said Governor Scott Walker. “With this expansion, TASC joins a growing list of longtime state companies that are expanding here because of our positive business climate and dedicated workforce.”
“TASC is proud of its Wisconsin roots and its 40-plus-year history of providing good-paying jobs for its employees,” said TASC President Cliff Mason. “We look forward to continuing to provide our customers with the same quality service that has allowed us to become the largest stand-alone third-party benefits administrator in the country.”
Founded in Stevens Point in 1975, TASC provides third-party benefits administration services for customers in all 50 states. The company offers medical reimbursement programs as well as benefits account management and compliance services. As the nation’s largest privately held third-party administrator, it employs 8,000 field representatives and over 900 associates at its headquarters in Madison and in remote locations.
WEDC is supporting the project by authorizing up to $200,000 in state income tax credits based on job creation over the next three years. The actual amount of tax credits TASC will receive is contingent upon the number of jobs created during that time.
TASC is expanding its capabilities in Wisconsin to engage larger customers and expand to a broader clientele. To meet the needs of new customers, the company plans to hire 80 employees and invest $1 million, which will include the cost of onboarding new employees and computer equipment.
In addition to the 80 jobs expected to be created by the company, an economic modeling study estimates the project could indirectly generate 23 additional jobs in the region. Those 103 jobs are expected to generate more than $500,000 in state income tax revenue over a five-year period.