Best Benefits Administration Software

Benefits administration software helps organizations plan and administer employee benefits packages and ensure compliance with government regulations. Benefits administration systems are used to manage employee benefits, such as insurance plans and stock options, and facilitate open enrollment periods through an administrative dashboard. Organizations also use these programs to view and adjust employee benefits packages. Benefits administration products frequently offer employee portals and self-service options to enable employees to view and manage and update personal information and documents.

These systems are most commonly used by HR departments, enabling HR managers to administer benefits packages and encourage healthy usage among employees. With benefits administration software, organizations can identify the benefits that provide the most value to employees and reduce overall costs. Benefits administration software can also help companies remain compliant with federal and local regulations, including the Affordable Care Act (ACA) and the Health Insurance Portability and Accountability Act (HIPAA).

Benefits administration software can be implemented either as a standalone solution or as part of an integrated HR management suite. Many benefits administration software providers also function as Business Process as a Service (BPaaS) providers by providing benefits administration and payroll services.

To qualify for inclusion in the Benefits Administration category, a product must:

  • Provide a centralized administrator dashboard to visualize benefits data
  • Facilitate access to a marketplace of benefits vendors, such as insurance carriers
  • Offer a benefits portal through which employers and employees can access benefits plans, update information, and enroll in benefits during and outside of the annual open enrollment period
  • Enable administrators to create total compensation statements to share with relevant stakeholders
  • Help HR managers check and report on employee and organizational compliance with government regulations through built-in compliance checking and reporting features

Benefits Administration Software Grid® Overview

The best Benefits Administration Software products are determined by customer satisfaction (based on user reviews) and scale (based on market share, vendor size, and social impact) and placed into four categories on the Grid®:
G2 Crowd Grid® for Benefits Administration
Leaders
High Performers
Contenders
Niche
Workday hcm
Peoplesoft
Paychex flex
Sentricworkforce
Gusto
Zenefits
Adp workforce now
Paycor perform
Namely
Justworks
Dayforce
Aps core hr solution
Plansource
Maxwell health
Bswift
Benefitfocus
Employee navigator
Infinityhr
Goco
Ebs paysuite
Easecentral
Market Presence
Satisfaction
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