Employee benefits administration software is a tool that helps HR departments manage employee benefits programs. It can automate many aspects of benefits administration, including enrollment, maintenance, and communication. This software provides a centralized location for all benefits-related information and enables employees to access their benefits information online.
There are numerous benefits of using employee benefits administration software. First, it simplifies the benefits enrollment process. Employees can enroll in their benefits online without having to submit paper forms or make appointments with benefits administrators. This saves time and effort for both employees and the HR department.
Second, this software streamlines the process of adding new employees to the benefits program. HR departments can use the software to automatically enroll new employees in benefits, such as health insurance and retirement plans. This helps to ensure that all employees receive the same benefits and that no employee falls through the cracks.
Third, employee benefits administration software can help employers stay compliant with government regulations. The software can track compliance with the Affordable Care Act (ACA), Employee Retirement Income Security Act (ERISA), and other laws. This minimizes the risk of penalties and legal action.
Fourth, this software allows employees to access their benefits information online. They can view their enrollment status, benefit plans, and other information. This makes it easier for employees to understand their benefits and make informed decisions about their healthcare and retirement planning.
One of the most important features of employee benefits administration software is its flexibility. Employers can customize the software to meet the needs of their company and employees. They can add new benefit plans, change eligibility requirements, and adjust employee contributions. This flexibility ensures that employers can offer the best benefits to their employees while controlling costs.
Another key feature of employee benefits administration software is data management. The software can store and analyze data related to employee benefits, including enrollment, claim history, and utilization. This data can be used to predict future costs and trends, allowing employers to make informed decisions about their benefits programs.
There are several types of employee benefits administration software available, ranging from simple enrollment tools to comprehensive HR management systems. Some software is designed specifically for small businesses, while others are geared toward larger corporations. When evaluating software options, employers should consider factors such as cost, functionality, ease of use, and customer support.
Employee benefits administration software is an essential tool for HR departments. It simplifies the benefits enrollment process, streamlines the process of adding new employees to the benefits program, and simplifies compliance with government regulations. Additionally, this software allows employees to access their benefits information online and provides valuable data management tools. Given the many benefits of this software, it is no surprise that an increasing number of employers are turning to employee benefits administration software to manage their benefits programs.
PAYCOR
Paycor’s benefits administration software allows employees and new hires to choose their benefits online, which reduces overall administrative tasks and saves a significant amount of time.
- Remove tedious admin, optimize the new hire/rehire process, and get automated alerts and reminders
- Robust EDI connections quickly and accurately deliver enrollment data to nearly all major insurance carriers
- The user-friendly platform offers greater flexibility and a better employee experience
- Simplified Open Enrollment process guides administrators through the design, set-up, and execution of the event
WORKDAY
Workday Enterprise Management Cloud currently includes solutions for finance, HR, planning, and spend management. Enterprise Management Cloud overcomes the constraints of ERP and transforms companies into Outperforming Organizations.
- Manage it all in one place
- Deliver a personalized benefits experience
- No custom integrations required
- An ACA dashboard that’s just better
SAP
Streamline benefits enrollment, employee communication, and administration for U.S.-based employees with SAP U.S. Benefits Administration by Benefitfocus.
- Employee communication management
- Consumer-centric enrollment experience
- Healthcare utilization management
- ACA compliance and reporting
SYNCHR
SyncHR is a cloud-based, patented HCM platform streamlining core HR, benefits, payroll, and reporting.
- Rules-based life events
- Direct-to-carrier data transfer
- ACA compliance & reporting
- Reciprocal systems access
PAYCHEX
Paychex has HR and Payroll solutions to fit the needs of any size business.
- Easy-to-Use Mobile Benefits Administration
- Hundreds of Carrier Connections & Integrations
- Compatibility with Your Existing Broker
- Greater Accuracy
RIPPLING
Rippling is the Benefits Administration Software. It allows HR teams and brokers to manage employee benefits from health insurance to 401K in one system.
- Shop for new, affordable benefits in minutes
- Connect your current coverage in seconds
- Finish open enrollment in days, not weeks
- Automate ACA and COBRA compliance
GOCO
GoCo is a modern, all-in-one HR software platform designed to help small businesses spend less time on manual, painful, and complex HR tasks, so they can focus on growing happier, more productive teams.
- Health, Dental & Vision
- Life, Accident & Disability
- HSA, FSA & HRA Benefits
- 401(k)
- Commuter Benefits
- And more.
PAYCOM
Paycom offers online payroll services and HR software solutions for both big and small businesses to manage the entire employment life cycle, from recruitment to retirement.
- View and select benefits for themselves and their dependents
- View per-pay-period deduction amounts
- Preview how deductions affect take-home pay
- Access plan documents and other employer-uploaded items
- Add qualifying events
- Add and edit beneficiaries and dependents
- Access current and historical benefits
- View itemized compensation values for health plans, 401(k) matching and more
PLANSOURCE
PlanSource benefits management platform can help you save time, reduce benefit costs & maximize employee engagement w/ end-to-end benefits solutions.
- Free up your HR team to focus on the bigger picture
- Help employees make smarter, more confident benefits decisions
- Spend less time worrying about compliance
- Reduce the cost of offering employee benefits
SELERIX
Selerix Systems produces software BenSelect utilized by employers, brokers & carriers to facilitate benefit administration, enrollment, employee engagement and Affordable Care Act (ACA) reporting tools.
- Flexibility to handle complex eligibility, plans, and rate structures
- A comprehensive library of pre-built, on-demand HR reports
- An industry-leading library of core and voluntary products
- Integrations with other leading business platforms
- Custom branding unique to your organization
- Decision support tools to help employees make informed decisions about their benefits
PRISMHR
The PrismHR platform lets you manage payroll, benefits, compliance, and HR for your clients to help you operate efficiently and accelerate growth.
- Reduce Risk
- Be More Efficient
- Expand Your Business
- Be More Profitable
NAMELY
Namely is the only HR, payroll, benefits, and talent management platform your employees will love. It’s more than HR software: It’s the compliance and benefits consulting you need.
- Duplicate data entry and manual steps
- Inaccurate payroll deductions
- Issues updating your insurance carriers of changes
- A surplus of unnecessary employee questions and confusion
SENTRICHR
Paperless Onboarding, Document Management, E-Signatures, Time, Talent Acquisition, Performance, Benefits, Payroll & Tax Filing, and more with SentricHR.
- Medical, dental, & vision
- Short and long-term disability insurance
- Life insurance
- Cancer insurance
- Critical illness
- Accident insurance
- COBRA administration
- Health Reimbursement Accounts (HRA)
- Health Savings Accounts (HSA)
- Flexible Spending Accounts (FSA)
- Prepaid legal plans
- Identity theft protection
ONEHCM
Harness OnePoint’s human capital management solutions to recruit, develop, engage and retain employees through a simple, unified user experience.
- Paperless enrollment from any web-based device
- Automated data feeds to carriers and 401(k) providers every time period
- Workflows & notification for onboarding
- Real-time eligibility tracking
- Automated COBRA Administration & FSA timelines and tools
- Rules & notifications for missing/incomplete enrollment packets
COMBINEDHCM
Combined benefits administration software solution simplifies the management of employee benefits from healthcare to retirements benefits.
- Carrier Feeds – ensure all benefits are properly communicated direct to carriers for quicker approval
- Payroll Integration – benefit deductions are in sync with payroll saving time while ensuring accuracy
- Dashboard – gain real-time visibility on enrollment progress
PAYLOCITY
Paylocity Benefits Administration software can save time during open enrollment. Easily manage employee benefits, mid-year and contribution changes, and more.
- Empower Employees
- Enjoy the Ease of Mobile Access
- Educate Employees
- Carrier Files Update Coverage with Ease
- Get the Information You Need (Quickly)
- Get a Heads Up (and Keep Your Plans on Track)
NETCHEX
Netchex makes Benefits Administration easy, straightforward, and worry-free.
- Healthier, Happier Employees
- Multiple Options for Carrier Communication
- ACA Compliance and COBRA