TEAM

TEAM

Outsourced payroll, HR, and risk management

Overview

TEAM Risk Management Strategies provides outsourced employer-of-record services for fiduciaries who manage trusts, estates, and guardianships. It handles payroll, HR, risk management, recordkeeping, tax reporting, and compliance, plus workplace insurance to protect trust assets when employing caregivers or service providers. The service acts as the employer of record, centralizing employee administration and shielding the fiduciary and assets across all states. Its goal is to offer a seamless, compliant solution that reduces administrative burden and employment risk for fiduciaries while safeguarding assets.

About TEAM

Simplify's Rating
Why TEAM is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Consulting

Enterprise Software

Financial Services

Legal

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

La Mesa, California

Founded

2003

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Simplify's Take

What believers are saying

  • TEAM's April 22, 2026 website update emphasizes direct liability absorption, not simple payroll processing.
  • Joe Sofia became CEO in May 2025, signaling a fresh operating push.
  • Directory listings on August 2, 2026 still place TEAM at 100-500 employees and active national scale.

What critics are saying

  • TEAM shows no visible 2025-2026 funding, M&A, or product expansion momentum.
  • Heavy reliance on household-employment regulations exposes TEAM to wage-and-hour lawsuits and state enforcement.
  • A platform shift to bank-built compliance software can commoditize TEAM within 24 months.

What makes TEAM unique

  • TEAM becomes W-2 employer of record for household staff nationwide.
  • TEAM bundles payroll, HR, tax filing, workers' comp, and EPLI coverage.
  • TEAM serves fiduciaries and banks across all 50 states, a sticky compliance niche.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Wellness Program

Professional Development Budget

Employee Assistance Program

Volunteer Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

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