In 1999, six La Jolla, California-based experts in software engineering, group insurance, and HR saw the benefits administration industry laden with paperwork, random spreadsheets, sticky notes – and inefficiencies. They created BeneTrac® as a way to use technology to help reduce costs, lessen the paperwork burden, and track activities for savings and predictions. This powerful online employee benefit administration solution provides greater service in less time, at more affordable costs, and with greater efficiency than other systems available.
Since the company's beginnings, BeneTrac has emerged as a leader in the online benefits administration field. Its sophisticated technology makes employee benefits management both paperless and effortless, while keeping everyone from the HR director and the broker, to the payroll and insurance companies updated in real time.
We are continually committed to listening to the needs and requirements of carriers, brokers, and business owners by focusing on solutions that bring usability, speed, performance, and functionality to employee benefits administration.
In 2007, Paychex®, Inc., a recognized leader in the payroll and human resource services industry, acquired BeneTrac. The company now operates as Paychex Benefits Technologies, Inc., a wholly owned subsidiary of Paychex.