Professional Benefit Services, also known as PBS, is a third-party administrator for Section 125 Cafeteria and various retirement plans. It is a family-owned, privately held company that provides administrative services to more than 2,500 individual plans. The company serves clients throughout the United States. Professional Benefit Services provides solutions for clinics, large manufacturing firms, trucking operations and retail storefronts. The company works with a team of over 15 staff members. It offers a range of services that includes preparing participant statements and facilitating payouts. Professional Benefit Services also deals in auditing and tax preparation functions.