10+ Best Benefits Administration Softwares 2023
Benefits Administration Software is used to automate the process of managing employee benefits and eligibility, including medical insurance, pension & retirement, and leave. This type of software also includes healthcare brokerages or marketplaces for use by employers and healthcare analytics platforms for decision optimization.
| ||Human Interest||4.5||Roger Lee||$4||2015||$30.9 M||147+||San Francisco||3560+ Reviews||N/A|
| ||Justworks||4.5||Isaac Oates||$44||2012||$1.9 M||10+||New York||1890+ Reviews||N/A|
| ||EverythingBenefits||4.3||Rachel Lyubovitzky||Custom||2015||N/A||10000+||New Jersey||5600+ Reviews||N/A|
| ||Employee Navigator||4.3||George Reese||$445||2008||$12.3 M||50+||Bethesda||7800+ Reviews||30000+|
| ||Namely||4.6||Larry Dunivan||$15||2012||$50 M||500+||New York||3450+ Reviews||1300+|
| ||Paylocity||4.5||Steven Raymond Beauchamp||$2||1997||$300 M||3050+||Schaumburg||2340+ Reviews||20000+|
| ||BambooHR Benefits Administration||4.3||Brad Rencher||Custom||2008||$100 M||470+||Utah||1777+ Reviews||15000+|
| ||Gusto||4.5||Joshua Reeves||$6||2011||$100 M||530+||San Francisco||4000+ Reviews||N/A|
| ||Paycor Benefits Administration||4.5||Raul Villar||$99||1990||$30 M||5000+||Ohio||1988+ Reviews||30000+|
| ||Zenefits Benefits Administration||4.6||Jay Fulcher||$8||2013||$43.5 M||565+||San Francisco||4500+ Reviews||250000+|
Human Interest is a startup business providing digital 401(k) services. It aims to offer low-cost retirement plans to small and medium-sized businesses. Roger Lee co-founded the company in 2016 and has already raised more than $70 million in funding from well-known Silicon Valley investors such as USVP, Wing VC, and Uncork Capital.
Justworks is a platform that allows business owners or managers to manage benefits, payroll, employee information, and other employment-related compliance. It makes employers run their businesses easier. It offers technical assistance from real people when needed and access to benefits at the corporate level to ensure that people feel protected and supported. Plus, it provides 24/7 expert support.
Everything Benefits is a top provider of next-gen benefits administration software. The company's philosophy is making life simple and rewarding with technology. They practice it by helping employers manage decent employee benefits, which ultimately makes employees happy. That has been Everything Benefits' goal since Rachel Lyubovitsky, Daniil Fishteyn, and Dimitri Korsunsky founded the company in 2015.
Namely is a software company that specializes in providing optimized HR solutions. It was established in January 2012 in New York under Larry Dunivan's leadership. Over the years, Namely has been solving numerous HR challenges from top to bottom. The company wants to make HR data to be as accessible as possible. They understand the importance of a streamlined HR process to build strong organizations.
Paylocity is an American software company that offers a cloud-based platform for human capital management. It was founded by Steve Sarowitz in Illinois way back in 1997. Paylocity handles millions of employee data and information, which is proof of its massive capacity. Paylocity has over 20,000 clients and is gearing to increase that number as they progress further.
BambooHR Benefits Administration
BambooHR is among the prominent brands in terms of providing HR platforms. However, the goal of BambooHR's team is not just to provide a seamless HR platform, but also to optimize the experience of HR teams and their employees. They want companies and their workforce to have stronger connections and relationships. BambooHR's platform is the vessel that enables them to meet that goal.
Gusto is a software company based in San Francisco, California. The company's drive is to provide a seamless system that simplifies and quickens their clients' HR management. Gusto's team of over 530 employees are continuously making progress to improve their software and make it more accessible. They have been doing so since 2011. And thanks to their efforts, Gusto's revenue reached a hundred million.
Paycor Benefits Administration
Paycor is a software company that has been operational for 30 years. Their niche is providing top tier HR platforms to simplify their clients' HR management responsibilities. Paycor has garnered multiple awards over the years, which also makes them among the most trusted brands in the SaaS industry. Habitat for Humanity, Wendy's, YMCA, KFC, Little Caesars, and Two Men And A Truck are some of the big-time clients they're serving.
Zenefits Benefits Administration
Zenefits is a software company based in San Francisco, California. The company's niche is providing a cloud-based SaaS system that helps companies run their HR management. Today, 11k organizations rely on Zenefits. These organizations come from profit and non-profit sectors. That accounts for about 400k employees that Zenefits manage. And because of that, Zenefits can rake in millions of dollars in revenue regularly.
Benefits Administration Software Features & Capabilities:
- Benefits Record Management
- Online Benefits Enrollment
- Third-Party Carrier Integration
- Document Management
- Total Compensation Statements
- Employee Self-Service Benefits Portal
- Affordable Care Act reporting
- Benefits Dashboards
- Mobile Benefits Access
- Integrations / APIs