Press Room

BeneTrac Celebrates Decade of Success, Million Member Milestone for Benefits Management Platform

San Diego, CA, June 17, 2009 -- BeneTrac, a Paychex company and provider of powerful, web-based electronic enrollment and employee benefits administration software, today announced the commemoration of its tenth anniversary. Founded in 1999, BeneTrac was started with the vision of offering human resources and benefit managers freedom from traditionally laborious and paper-laden benefits management processes. It allows HR professionals to gain increased efficiency from online enrollment, employee self-service, automatic electronic transfers to carriers, customized reporting and more. Today BeneTrac is used to manage the benefits of over a million members in more than 1,000 organizations throughout the U.S., and has relationships with several thousand brokers and over 400 carriers and providers, with which it electronically transmits information.

"At BeneTrac, we have witnessed the need for technology to manage benefits grow immensely in the past decade from a 'nice to have' to a 'must have'," said Art Brooks, vice president of sales and marketing for BeneTrac. "There are a lot of providers that make specific claims when it comes to offerings, but our success has come from truly listening to customers and their needs in providing a fully-integrated, paperless system that offers full employee self-service. We hold our standards high and make it easy for HR and benefits managers to step into true efficiency at an affordable cost."

A pioneer in online benefits management, BeneTrac started with six employees and a small office in La Jolla, California in 1999. The company quickly outgrew that space, as it did five subsequent office locations in San Diego. BeneTrac has been in its current and recently expanded headquarters in the Old Town area for the past five years. BeneTrac was acquired in September of 2007 by Paychex, Inc., a recognized leader in the payroll and human resource services industry. BeneTrac today has over 80 employees throughout the U.S. and further plans for expansion. It now processes six- to seven-million transactions every month for HR customers and insurance carriers.

"With 200 people in five offices throughout California and Nevada for which I regularly manage benefits, I rely on BeneTrac for daily access to information; in fact, I frequently look to it for much of my HR and benefits needs. And with the built-in reconciliation tools, I know I can feel good knowing that when we pay for all of our benefits plans each month, everything is accurate. It has been great working with BeneTrac through the years; the company has been very responsive, it makes constant enhancements to the technology, and gives us an incredibly valuable and effective tool," said Leah Cox, who has used the technology for 10 years and is executive director at the law firm Selman Breitman LLP.

BeneTrac technology is used to manage benefits by companies that range in size from 70 to 7,000 employees. Using BeneTrac's online system, most employees require only 11 minutes to enroll in a complete benefits package. HR managers can then choose to review employee elections and have the information sent automatically and electronically to each carrier in that carrier's preferred method of receipt for quicker processing. BeneTrac recently received a Silver Award for Best Overall Internet Site for 2008 - Corporate Business Improvement, from the eHealthcare Leadership Awards.

"At BeneTrac, everything we have been about has centered around listening to the needs of our customers and focusing on the functional requirements of benefits and human resource managers and their organizations," said Brian Daley, vice president of operations, who has been with the company since its inception. "That constant commitment to usability, speed, scale, and performance is something we celebrate as a key element of BeneTrac's success."

About BeneTrac
BeneTrac, a Paychex company, is a provider of powerful, web-based electronic enrollment and employee benefits administration software. The company's online benefit management technology enables employers and human resources professionals to eliminate paperwork and automate management of their complete benefits packages through a single, customized portal. BeneTrac's one-stop-shop platform for automatically adding, updating and managing information, and exchanging data with providers, capitalizes on relationships with more than 400 carriers. The technology offers a robust, affordable, user-friendly system that simplifies benefits administration. For more information, please visit www.benetrac.com.