BeneTrac and Sun Life Financial Announce Partnership
Human resources software developer and leading group insurance provider partner to offer brokers and human resource professionals automation in benefits enrollment and management
SAN DIEGO, Calif., WELLESLEY, Mass. June 26 2012 -- BeneTrac, a Paychex company and provider of powerful, web-based electronic enrollment and employee benefits administration software, and the U.S. business group of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF), a leading financial services company, are announcing today that they have entered into an agreement in which Sun Life will use BeneTrac as a strategic partner for brokers and HR clients across the country to enroll in its health, disability, and dental products online.
The agreement between BeneTrac and Sun Life will give brokers, human resource managers, and benefits administrators access to BeneTrac’s robust benefits management platform to simplify benefits administration for their Sun Life and other plans. Through this agreement, brokers and employers can access the BeneTrac solution at a reduced per employee fee.
"We are pleased to announce our partnership with BeneTrac as we understand the importance enrollment capabilities have on the decision of brokers and human resource managers. This partnership in conjunction with our recently established dedicated voluntary benefits sales desk will help strengthen our value proposition as a leader in voluntary benefits," said Geoff Walton, assistant vice president, Voluntary Benefits with Sun Life Financial. "Simplifying the administration of benefits plans is another key step to expanding our presence in the growing voluntary benefits segment. Given its proven track record in the industry BeneTrac was a natural choice to deliver an effective enrollment solution while saving our customers time and money."
“As an international services company dedicated to customer experience for over 140 years, Sun Life has definitely proven itself as a leader. We are pleased to align ourselves with a company that, much like BeneTrac, is focused on quality and customer experience and look forward to expanding upon the relationship further,” said Summer Hamilton, vice president of sales at BeneTrac.
BeneTrac currently works with thousands of brokers and over 500 carriers and data partners to help organizations manage benefits for over a million members throughout the United States. Its software helps HR professionals more efficiently manage benefits online through automatic electronic transfers of employee benefit elections and eligibility information.
For more information on the integration and using BeneTrac to manage benefits, please contact 619.788.5800 or salessupport@BeneTrac.com.
BeneTrac, a Paychex company, is a provider of powerful, web-based electronic enrollment and employee benefits administration software. The company’s online benefits management technology enables employers and human resources professionals to eliminate paperwork and automate management of their complete benefits packages through a single, customized portal. BeneTrac’s one-stop-shop platform for automatically adding, updating and managing information, and exchanging data with providers, capitalizes on relationships with more than 500 carriers and data partners. The technology offers a robust, affordable, user-friendly system that simplifies benefits administration. A pioneer in online benefits management, BeneTrac was founded in 1999. It was acquired in September 2007 by Paychex, Inc., a recognized leader in the payroll and human resource services industry. Its customers range in size from 50 to 12,500 employees.
For more information, please visit www.benetrac.com.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, and Bermuda. In the United States and elsewhere, insurance products are offered by members of the Sun Life Financial group that are insurance companies. Sun Life Financial Inc., the holding company for the Sun Life Financial group of companies, is a public company. It is not an insurance company and does not offer insurance products for sale in the United States or elsewhere, and does not guarantee the obligations of its insurance company subsidiaries. In the United States, Sun Life Financial provides a range of products and services to employers and their employees, including group and voluntary life, disability, dental and stop-loss insurance products. These products are issued by Sun Life Assurance Company of Canada in all states except New York. In New York, these products are issued by Sun Life Insurance and Annuity Company of New York. Product offerings may not be available in all states and may vary depending on state laws and regulations. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under the ticker symbol SLF. For more information, visit www.sunlife.com/us.
SLPC 24295 6/12 (exp. 6/17)