Steele Named on Inc. 5000

Steele Benefit Services Ranks No. 3387 on the 2021 Inc. 5000, With Three-Year Revenue Growth of 104 Percent


On August 17, 2021, Inc. magazine revealed that Steele Benefit Services is No. 3387 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

Wes Steele (CEO) detailing recent updates within the company.


Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

Steele Benefit Services is the leading benefits engagement, enrollment, and administration company headquartered in Indianapolis, Indiana. Steele been in the business for decades, and we work to help companies with employees throughout United States. We connect employees with the benefits they need to live prosperous lives. When employees understand the benefits offered by their company, employee loyalty and productivity go through the roof! Check out our homepage here, and see what else we do across Facebook, LinkedIn and YouTube.

Exact Statistics

Our Three-Year Annual Growth Rate: 104%

2021 Overall Rank: 3387 / 5000

2021 Insurance Category Rank: 48 / 78

2021 Indiana Rank: 40 / 53

2021 Indianapolis Region Rank: 25 / 37

Inc. 5000 Methodology

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000.  Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at