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BeneTrac

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Last updated on

Company health

Employee growth
2% increase in the last year
Web traffic
8% increase in the last quarter
Financing
June 2017 - $6M

Ratings

G2
3.4/5
(14)
Glassdoor
4.6/5
(14)

BeneTrac description

BeneTrac is a benefits administration software that integrates with your existing HR systems, like Paychex Flex. It helps manage employee benefits, including eligibility, enrollment, and changes due to life events. BeneTrac focuses on data security, ease of use, and automated data transfer through its API. It's designed for HR professionals and employees to access benefits information from desktops or mobile devices.


Who is BeneTrac best for

BeneTrac simplifies benefits administration, integrating with existing HR systems like Paychex Flex. It automates data transfer, manages employee benefits, and offers mobile access. Ideal for HR professionals in small to large businesses seeking streamlined benefits management.

  • Ideal for small businesses (1-100 employees) and a strong fit for medium to large enterprises (101+ employees).

  • Designed for businesses across all industries, especially those already leveraging Paychex Flex.


BeneTrac features

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BeneTrac ensures data security with continuous internal monitoring and external vulnerability assessments.

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BeneTrac integrates with existing HR systems, such as Paychex Flex, to automate data transfer and reduce manual data imports/exports.

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BeneTrac enables viewing current employees, their full-time/part-time status, and their offered benefit coverage.

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BeneTrac helps employers evaluate their health care coverage's compliance with Minimum Essential Coverage, Minimum Actuarial Value, and affordability criteria per ESR provisions.

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For joint BeneTrac/Paychex clients, it prepares and files Forms 1094-C and 1095-C. Assistance is also provided for Form 6055/56 for clients not using Paychex for payroll.

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BeneTrac calculates monthly premiums, provides individual and aggregate reports, and offers payroll system import capabilities for W-2 reporting.

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BeneTrac offers a user-friendly interface accessible from desktops and mobile devices for HR professionals and employees.


BeneTrac alternatives

  • Logo of Ease
    Ease
    Streamlined HR and benefits, simplifying admin for SMBs.
    Read more
  • Logo of Gusto
    Gusto
    Easy payroll, benefits, and HR for growing businesses.
    Read more
  • Logo of Rippling
    Rippling
    Unified employee management: HR, IT, and finance, simplified.
    Read more
  • Logo of Paylocity
    Paylocity
    Modern HR and payroll software simplifying workforce management.
    Read more
  • Logo of BambooHR
    BambooHR
    Streamlines HR for small businesses, from hiring to offboarding.
    Read more
  • Logo of Zenefits
    Zenefits
    Streamlined HR, payroll, and benefits, all in one place.
    Read more

BeneTrac FAQ

  • What is BeneTrac and what does BeneTrac do?

    BeneTrac is a benefits administration software that streamlines managing employee benefits, including eligibility tracking, enrollment, and life event changes. It integrates with HR systems like Paychex Flex, prioritizes data security, and offers easy access via desktop and mobile devices. It automates data transfer and simplifies W-2 reporting.

  • How does BeneTrac integrate with other tools?

    BeneTrac integrates with existing HR systems, notably Paychex Flex, via its API. This integration automates data transfer, reducing manual data entry for benefits administration. It also facilitates the preparation and filing of tax forms, like 1094-C and 1095-C.

  • What the main competitors of BeneTrac?

    Top alternatives to BeneTrac include Ease, Gusto, Rippling, Paylocity, BambooHR, and Zenefits. These competitors offer similar benefits administration and HR management features, often targeting small to medium-sized businesses.

  • Is BeneTrac legit?

    BeneTrac is a legitimate benefits administration software. It integrates with HR systems like Paychex Flex, focusing on data security and ease of use. Reviews on G2 and Glassdoor show an average rating, indicating a generally safe and usable platform.

  • How much does BeneTrac cost?

    I couldn't find specific pricing information for BeneTrac. For detailed product pricing, it's best to contact BeneTrac directly. This will allow you to discuss your specific needs and determine if BeneTrac is worth the investment for your organization.

  • Is BeneTrac customer service good?

    BeneTrac's customer service is generally considered quick and responsive. Users appreciate the easy access to support professionals who can help navigate complex health insurance questions. However, some users have reported occasional slowdowns in claims processing within the platform.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.