Flexplan Administrators, Inc.
How we got $709K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 40 years (since 1986)
From public records and the company's website, not a statement that it's for sale.
What they do
Flexplan Administrators, Inc. is a Tulsa, Oklahoma firm established in 1986 that provides consultation, administrative and insurance brokerage services to private, public and government organizations and associations. It works directly with employers or partners with group benefits brokers.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- ACA-Track · brand it sells or installs
- Employee Navigator · brand it sells or installs
- Teladoc · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- FOLDS OF HONOR FOUNDATION · Owasso, 14 mi · $75.9M
- ROMAN CATHOLIC DIOCESE OF TULSA · Broken Arrow, 10 mi · $67.1M
- WILLIE GEORGE MINISTRIES, INC · Tulsa, 9 mi · $58.5M
- VICTORY CHRISTIAN CENTER INC · Tulsa, 4 mi · $55.8M
- THE CHURCH AT BATTLECREEK INC. · Broken Arrow, 9 mi · $44.8M
Estimated value over time
▲ 30% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FLEXPLAN ADMINISTRATORS, INC. this business | $720K | — |
| CATALYST BENEFITS GROUP, LLC Tulsa · 9 employees | $3.5M | 0.0 mi |
| Melissa Dawn Van Ranken: Allstate Insurance Tulsa | $806K | 0.0 mi |
| Janine Billings - State Farm Tulsa | $806K | 0.0 mi |
| Synergy Benefit Advisors Tulsa | $1.6M | 0.1 mi |
| Corporate Survey Services Tulsa | $806K | 0.1 mi |
| Farmers Insurance - Gary Cook Tulsa | $806K | 0.1 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $415K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $962K |
| Estimate: the two combined (geometric mean) | $720K |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $236K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $709K |
| Multiple for this size and industry | 3× |
| Value range | $373K – $970K |
| Revenue range | $474K – $821K |
| EBITDA range | $155K – $269K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Established in 1986, FPA proudly claims Tulsa, Oklahoma as its home focusing on providing personable and reliable service to our many valued clients – many of which are located all across the United States.”
Advisors
- BankingRCB BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $33K | 2 |
4 locations
| 1133 E 33RD PL | Tulsa | This listing |
| 5401 S Sheridan Rd Ste 108 | Tulsa | View |
| 5411 S 125th East Ave | Tulsa | View |
| 6314 E 15th St | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Flexplan Administrators, Inc.
Flexplan Administrators, Inc. is an insurance agencies company in Tulsa, Oklahoma, in business since 1986. Its estimated annual revenue is about $720K, with roughly $236K of EBITDA. It has about 2 employees. Its estimated business value is $709K (likely range $373K–$970K). It has 4 locations.
Common questions
- Who owns Flexplan Administrators, Inc.?
- The owner of Flexplan Administrators, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Flexplan Administrators, Inc. make?
- SeeBITDA estimates Flexplan Administrators, Inc.'s annual revenue at about $720K (likely between $474K and $821K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Flexplan Administrators, Inc. worth?
- About $709K, roughly 3× its estimated EBITDA of $236K, typical for a insurance agencies company its size. Likely range: $373K–$970K.
- How many employees does Flexplan Administrators, Inc. have?
- About 2, as reported on its PPP loan.
- When was Flexplan Administrators, Inc. founded?
- Flexplan Administrators, Inc. has been in business since 1986.