Company's momentum comes on the heels of recent rebrand success, also includes several award wins and development of new Arizona office to meet increasing demand for services
MOUNT LAUREL, N.J., Aug. 3, 2023 /PRNewswire-PRWeb/ -- RetireeFirst, the premier retiree benefit management solutions and advocacy service provider, enhancing experiences and outcomes for group plan sponsors and their retirees, today announced impressive growth during the first half of 2023. Following its successful rebrand from Labor First to RetireeFirst in March, the company reported numerous milestones, further highlighting the continued demand for its industry-leading services and approach to helping plan sponsors drive significant reductions in group retiree plan costs and administration.
The recent rebrand to RetireeFirst positioned the company to make additional inroads in the public and commercial sectors, while enhancing their broker and consultant partners' ability to drive results and provide value for the plan sponsors they serve. By launching Labor First as a division of RetireeFirst, the brand committed to retaining a strong historic presence with labor unions, where the company took root. The resulting progress outperformed expectations, resulting in a roster of over 300 clients nationally, equating to a year-over-year client growth rate of 28% from June 2022 to June 2023, and contributing to a five-year revenue compounded annual growth rate of 40.4%. To keep pace with spiking customer demand, the team also grew its employee headcount by 42%, with further significant growth expected through the end of this year and in 2024.
"We are thrilled with the growth and achievements of our team during the first half of 2023," said John P. Dulczak, Chief Executive Officer, RetireeFirst. "First and foremost, though, we're proud to have provided assistance to a record number of retirees through our advocacy services, ensuring their health needs are met and taking care to connect them with the best possible wellness resources. These incredible successes are a testament to the hard work and dedication of our employees, for whom I'm incredibly grateful. We look forward to capitalizing on this momentum to continue making strides in the second half of the year and beyond."
Additional 2023 milestones include:
- The appointment of Sheila McGinley-Graziosi as Senior Vice President for Commercial Market Growth. As a healthcare business leader, Sheila's primary focus is to build and lead the go-to-market strategy for commercial organizations.
- The addition of Michael Yoo as Chief Information Officer, utilizing his expertise and strategic vision to begin infusing the company's product roadmap with innovative technological advances
- RetireeFirst CEO John P. Dulczak being named a finalist in the EY Entrepreneur of the Year 2023 Greater Philadelphia Awards
- Chief Service Officer David Zawrotny and his team won a Bronze Globee American Business Award for the "Best Benefits Management Solution
- RetireeFirst was recognized as one of the "Best Places to Work" in the Large Company Category by the Philadelphia Business Journal
- The company maintained its 90+ Net Promoter Score
The company's tremendous growth represents an unmet need for retiree benefit management services across the nation, which RetireeFirst is working to address. The next phase of the company's strategic roadmap includes an expanded physical presence and new office in Arizona to meet the increasing demand for its services and better serve its expanding client base. Currently in its final construction phase in Scottsdale, the building is slated to open in early fall.
To partner with RetireeFirst or learn more about the company's proven strategies for providing customers with seamless benefits experiences that lower plan costs and support retirees, please visit http://www.RetireeFirst.com. To stay up to date on company news and developments, follow RetireeFirst on LinkedIn and Twitter.
About RetireeFirst
RetireeFirst is the premier retiree benefit management solutions and advocacy service provider, proven to enhance the experience and outcomes for group plan sponsors and their retirees. Founded in 2005, the company partners with all major national health carriers and hundreds of labor unions, public sector entities, and private corporations nationwide. RetireeFirst designs solutions that preserve and enhance benefit quality while driving material cost savings. Its unparalleled advocacy service creates a seamless benefits experience and connects members to programs that improve their health and wellness. RetireeFirst is HITRUST certified and has been awarded a full URAC Core Accreditation for its commitment to upholding federal regulatory requirements and improving business processes. Headquartered in Mount Laurel, NJ, RetireeFirst's award-winning team, solutions, and services have received industry praise, world-class NPS scores, and a Philadelphia Biz Journal Best Places to Work award. For more information on RetireeFirst's people-centric approach, our services, and our broker, consultant, or carrier programs, visit retireefirst.com and follow RetireeFirst on LinkedIn and Twitter.
Media Contact
Hollie Barnidge, Alloy on behalf of RetireeFirst, 8553008209, hollie.barnidge@alloycrew.com
SOURCE RetireeFirst
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