524292/Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
US businesses, employees and payroll, 2017 to 2023
411K
employees, 2023
411K
employees, 2023
In 2023, 6,151 US Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds business locations employed 411,459 people and paid $33.3 billion in annual payroll, $81,047 per employee on average. Employment was down 6.5% from 2022. Illinois had the most employees.
Updated Oct 9, 2026 · data year 2023
Business locations
6,151
-20.0% vs 2022
Employees
411,459
-6.5% vs 2022
Annual payroll
$33.3B
+1.4% vs 2022
Average pay
$81,047
+8.4% vs 2022
Over the years
United States, 2017 to 2023
Employees
Paid employees in mid-March
Business locations
Places with paid employees
By state
Employees of Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds in each state, 2023
Employees by state
States with the most employees
Employees and the share of all the state's jobs
| State | Business locations | Employees | Average pay | Share of state jobs |
|---|---|---|---|---|
| Illinois | 204 | 55,150 | $34,724 | 0.97% |
| Texas | 595 | 40,528 | $79,904 | 0.34% |
| Florida | 582 | 31,804 | $76,804 | 0.32% |
| California | 548 | 30,280 | $96,993 | 0.18% |
| Minnesota | 142 | 20,942* | $130,303 | 0.75% |
| New York | 420 | 20,280 | $108,047 | 0.23% |
| Arizona | 210 | 17,010* | $70,660 | 0.59% |
| New Jersey | 125 | 15,393* | $82,453 | 0.39% |
| Pennsylvania | 224 | 14,714 | $86,075 | 0.26% |
| Colorado | 138 | 13,665* | $67,141 | 0.53% |
| Ohio | 224 | 13,319 | $74,026 | 0.26% |
| Georgia | 129 | 9,416 | $67,436 | 0.21% |
| Wisconsin | 122 | 9,076 | $80,571 | 0.34% |
| Missouri | 123 | 8,344 | $93,422 | 0.32% |
| North Carolina | 130 | 7,292 | $91,036 | 0.17% |
The 15 states with the most employees. Download the CSV for all 51.
Top metro areas
Metro and micro areas with the most Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds employees, 2023
Metro areas with the most employees
| Metro area | Locations | Employees | Average pay |
|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | 152 | 49,698 | $28,020 |
| New York-Newark-Jersey City, NY-NJ | 381 | 13,739 | $117,567 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 107 | 12,960* | $133,303 |
| Phoenix-Mesa-Chandler, AZ | 157 | 10,627* | $60,719 |
| Denver-Aurora-Centennial, CO | 58 | 10,538 | $53,546 |
| Los Angeles-Long Beach-Anaheim, CA | 208 | 10,236 | $82,891 |
| Dallas-Fort Worth-Arlington, TX | 200 | 7,458 | $80,234 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 120 | 6,623 | $95,273 |
| Miami-Fort Lauderdale-West Palm Beach, FL | 140 | 6,115 | $51,709 |
| Providence-Warwick, RI-MA | 51 | 6,067* | $82,691 |
| Atlanta-Sandy Springs-Roswell, GA | 80 | 4,888 | $38,342 |
| Columbus, OH | 53 | 4,713* | $49,994 |
| Boston-Cambridge-Newton, MA-NH | 79 | 4,439 | $96,885 |
| San Antonio-New Braunfels, TX | 92 | 4,244* | $70,201 |
| Tampa-St. Petersburg-Clearwater, FL | 166 | 3,855* | $77,491 |
Business size
US Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds business locations by number of employees, 2023
Locations by size
| Employees | Locations | Share |
|---|---|---|
| Under 5 | 2,573 | 41.8% |
| 5 to 9 | 1,086 | 17.7% |
| 10 to 19 | 792 | 12.9% |
| 20 to 49 | 736 | 12.0% |
| 50 to 99 | 358 | 5.8% |
| 100 to 249 | 291 | 4.7% |
| 250 to 499 | 202 | 3.3% |
| 500 to 999 | 59 | 1.0% |
| 1,000 or more | 54 | 0.9% |
Related industries
The industries this code belongs to
Part of Finance and Insurance 52Insurance Carriers and Related Activities 524Agencies, Brokerages, and Other Insurance Related Activities 5242Other Insurance Related Activities 52429
Questions and answers
How many people work in Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds in the US?
411,459 people worked at 6,151 US Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds business locations in 2023, down 6.5% from 2022. That is 0.29% of all US private-sector employees.
What is the average pay in Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds?
$81,047 a year per employee in 2023, from $33.3 billion in annual payroll (up 8.4% from 2022). The average across all US industries was $68,342.
Which state has the most Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds jobs?
Illinois had the most, with 55,150 employees in 2023, followed by Texas (40,528) and Florida (31,804).
Which metro areas have the most Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds jobs?
Chicago-Naperville-Elgin, IL-IN (49,698), New York-Newark-Jersey City, NY-NJ (13,739), Minneapolis-St. Paul-Bloomington, MN-WI (12,960) had the most Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds employees in 2023.
Are most Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds businesses small?
72.4% of the 6,151 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds business locations had fewer than 20 employees in 2023, and 113 had 500 or more.
Official US government statistics, published once a year. Business locations are places with paid employees; employees are counted in mid-March; payroll covers the whole year. Covers most private employers, not the self-employed, most government workers or farm workers on farms. * Less accurate: changed by 5% or more to protect privacy. Changes from the year before are shown only when both years use the same edition of the industry codes.