Benetrac, a San Diego provider of employee benefits administration software, and the U.S. business group of Sun Life Financial Inc. said they have entered into an agreement in which Sun Life will use Bentrac services for its brokers and human resource clients, the companies said June 26.
The agreement will give brokers, HR managers and benefits administrators access to Bentrac’s management platform to simplify benefits administration for their Sun Life and other plans, and obtain the services at a reduced per employee fee, the companies said.
Benetrac, which was founded in 1999 and acquired by Paychex Inc. in 2007, works with thousands of brokers and more than 500 insurance carriers and partners to help organizations manage benefits for more than 1 million members in this country. Its customers range in size from 50 to 12,500 employees, the company said.
— Mike Allen