PlanSource Selected as Benefits Administration Technology by 4myBenefits
Leading benefits services provider chooses PlanSource to power benefits technology for clients nationwide
ORLANDO, Fla., Aug. 23, 2018 /PRNewswire/ -- PlanSource announced today that 4myBenefits, a leading benefits communications and administration services provider, has selected PlanSource as their preferred benefits technology.
4myBenefits works with hundreds of insurance brokers and employers, providing innovative and flexible benefits administration services. Technology plays a big part in their efforts to improve processes for their clients, which led 4myBenefits to choose PlanSource as their benefits administration software. Through the partnership, 4myBenefits sells and implements the PlanSource system, manages data integration and operates the platform under their own brand. This reseller model, known as CoSource, gives PlanSource partners a greater degree of control of the technology and allows them to provide proactive, hands-on service to their clients. More than 50% of employers using PlanSource are supported via the CoSource model.
"Our objective is to remove the headaches associated with benefits so our customers can focus on more strategic items," said Justin Peter, Vice President of Marketing at 4myBenefits. "And that is why we needed a technology partner that shared our values and could complement our service offerings with best-in-class benefits technology. PlanSource fit the bill perfectly, allowing us to provide a fully integrated experience that helps our clients streamline benefits and HR so they can accomplish their goals."
4myBenefits has already added more than 3,000 employees to the PlanSource platform and projects that upwards of 20,000 more will be added by the end of the year.
"The combination of 4myBenefits and PlanSource has enhanced our HR infrastructure and allowed us to ensure seamless service delivery for our employees," said Jon May, Sr Vice President of Human Resources at Lion Group, Inc., a 4myBenefits customer who transitioned to PlanSource in May of 2018. LION has close to 1,000 employees and produces protective gear and training equipment for firefighters and first responders. "With services and technology all in one, we've been able to build out a competitive benefits programs that meet the needs of our employees and their families."
Employers of all sizes use PlanSource's flexible and intuitive cloud-based platform for employee benefits shopping, enrollment, billing, compliance and administration. The system is highly configurable, allowing HR Teams to customize the employee experience based on specific demographics, and set up specific benefits programs that align with their HR strategy.
"4myBenefits has a long history of providing brokers, employers and busy HR teams with benefits services that help them succeed," said Dayne Williams, CEO of PlanSource. "By working together, PlanSource and 4myBenefits expand our collective reach and can help even more families get the coverage they need. I'm looking forward to growing together with 4myBenefits."
About 4myBenefits
4myBenefits is a leading provider of benefits administration and communication services for brokers and their clients. Founded in 1999, 4myBenefits was built to Make Benefits Work through technology and service. As one of the original pioneers of broker-centric distribution, 4myBenefits helped create and shape today's broker technology marketplace. Today, more than 600 employers trust 4myBenefits to communicate and administer their benefits. 4myBenefits services are distributed by over 200 insurance brokers, benefit consultants, and other strategic partners. From technology platforms to fulfillment and outsourcing options 4myBenefits offers a variety of benefits administration solutions that are tailored to clients' needs and budget. Learn more at www.4mybenefits.com.
About PlanSource
PlanSource is a technology company driven to create a better benefits and HR experience for employers and their employees. Nearly 3.5 million consumers receive their benefits through the PlanSource platform, which provides flexible and intuitive software and services for benefits administration and human capital management. By combining industry-leading software and a full suite of professional services, PlanSource provides companies of all sizes with a complete solution for benefits shopping, enrollment, billing, compliance and administration. Learn more at www.plansource.com.
PlanSource is a registered trademark of PlanSource Benefits Administration, Inc., and PlanSource owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
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