Press Release

BEND, OR – BenefitElect recently announced that they have officially partnered with SyncStream Solutions.

Addressing the complex landscape of healthcare including employer reporting and compliance, SyncStream develops, designs, consults on and markets programs, software applications and web-based products. These products assist employers in both tracking and reporting employee information required under the Patient Protection and Affordable Care Act, as well as information required by the US Equal Employment Commission.

BenefitElect’s partnership with SyncStream will deliver intuitive, flexible benefits administration and employee data-management technology to companies throughout the U.S. Additionally, BenefitElect’s affordable and customizable employee benefits offerings are proven to enhance employee engagement and retention and meet temporary employees’ needs.

Chris Lonergan, CEO of BenefitElect, said “In collaborating with SyncStream, we hope to expand our ability to effectively serve more companies and help them reach new levels of sustained growth. SyncStream Solutions truly understands the challenge for companies to stay in compliance, and we are proud to join forces in achieving this goal. Together, as leading innovators in our industries, we look forward to delivering superb technology solutions to companies nationwide.”

About BenefitElect

BenefitElect Inc. is a full-service benefits administration platform, dedicated to providing a high-quality, user-friendly benefit enrollment experience. Founded in 1998 with its headquarters in Bend, Oregon, BenefitElect serves companies nationwide and partners with brokers, third-party administrators, HR and payroll systems, and insurance companies to deliver high-quality products, services, and world-class customer support.

About SyncStream Solutions

SyncStream builds intelligent, intuitive solutions that help employers and their trusted advisors render projections, comply with, and defend the most complex regulations, from the ACA to EEO-1. SyncStream’s compliance solutions marry existing employer payroll and HR data with proprietary analytics to accurately fulfill legislative requirements and provide the assurance of auditability.

In 2013, SyncStream was the first company to develop and bring to market a comprehensive ACA software solution. The company has successfully fulfilled over 6 million employee forms and served more than 16,000 customers with a 96% customer retention for both federal and state filings. Visit www.sync-stream.com for more information.

Contacts
Chris Lonergan
BenefitElect
541.323.1600
www.benefitelect.com

BEND, OR – BenefitElect recently announced that they have officially partnered with TempWorks Staffing Software.

Founded in 1997, TempWorks Software is a premier provider of staffing software solutions and payroll services for temporary staffing and recruiting companies nationwide. From online application portals to payroll, invoicing, flexible reporting, and more, TempWorks Software delivers groundbreaking solutions to any device.

BenefitElect’s partnership with TempWorks Software will deliver intuitive, nimble benefits administration and employee data management technology to staffing firms, which will allow these firms to optimize efficiency and profitability and achieve their business goals. Additionally, BenefitElect’s affordable and customizable employee benefits offerings are proven to improve employee engagement and retention and meet temporary employees’ needs.

Chris Lonergan, CEO of BenefitElect, said “BenefitElect is proud to be part of this new collaboration. TempWorks Software is a highly respected company and has a stellar reputation of excellence and offering innovative solutions. In sharing common values of integrity and providing exceptional service, we look forward to working with TempWorks Software to deliver the best technology solutions to staffing and recruiting companies across the country.”

About BenefitElect

BenefitElect Inc. is a full-service benefits administration platform, dedicated to providing a high-quality, user-friendly benefit enrollment experience. Founded in 1998 with its headquarters in Bend, Oregon, BenefitElect serves companies nationwide and partners with brokers, third-party administrators, HR and payroll systems, and insurance companies to deliver high-quality products, services, and world-class customer support.

About TempWorks Staffing Software

Founded in 1997 and headquartered in Eagan, Minnesota, TempWorks Software is a premier provider of staffing software solutions and payroll services for temporary staffing and recruiting companies nationwide. With more than 170 employees, a management team that has an average tenure of 10+ years, and a history of serving more than 500+ clients in the US, TempWorks is committed to the technological advancements of the staffing industry.

Contacts
Chris Lonergan
BenefitElect
541.323.1600
www.benefitelect.com

BEND, OR – For the first time, staffing firms and employers in similar industries have an ACA compliant major medical (aka “MVP”) plan that is offered on a weekly basis. While indemnity and some MEC level plans have been available for weekly coverage, this new plan, EmployerAdvantage, marks the first time an employer can acquire a true weekly benefits package that covers all benefits.

Although, some plan providers offer weekly benefits administration, EmployerAdvantage is the only program that offers true weekly benefits plans. Coverage through EmployerAdvantage is based on the employee’s payroll. For example, when an employee works and has enough hours to cover deductions, the employee’s coverage is provided for that week. If an employee misses a week and does not have enough hours for his or her deductions, the coverage is suspended and resumes when the employee returns to work, presumably the following week or week thereafter. The EmployerAdvantage program does not require premiums to be made up, and the employer is not at risk for claims incurred during weeks when coverage is not in effect.

In addition, the EmployerAdvantage program features fully automated and outsourced administration of the employer’s ACA/employee benefits plans. Please note that the program is intended for hourly workers only, not core or internal staff, and a minimum of 500 eligible employees is required.

While EmployerAdvantage is designed to meet the needs of the staffing industry, it can be implemented by other industries that have similar benefits administration challenges.

The EmployerAdvantage program:

1. Guarantees full ACA compliance by proving offers of coverage to 100% of eligible employees.
2. Manages costs by operating at minimal employer expense and making any underwriting profits that would normally go to an insurer’s surplus account readily available to the employer.
3. Reduces administrative workloads by directly managing ACA coverage and employee benefits plans.
4. Boosts talent acquisition and employee retention by tailoring benefits plans to the needs of each employee. By offering plans that meet the individual requirements of employees, employers can improve hiring, increase employee satisfaction and reduce attrition.

EmployerAdvantage is being marketed exclusively to the staffing industry by SISCO, Assurance and BenefitElect. For more information on EmployerAdvantage, visit www.employer-advantage.com.

Contact:
Chris Lonergan
BenefitElect
(541) 323-1211
clonergan@benefitelect.com