Benefitfocus enterprise benefits management platform to deliver a more efficient, consumer-driven benefits experience for HR administrators and employees alike
Charleston, S.C. – April 27, 2016 – Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits management software, today announced that PGT Industries, a manufacturer of custom impact resistant windows and doors, has selected the BENEFITFOCUS® Marketplace to boost adoption of its consumer-driven health and voluntary benefits plan. Flexibility and ACA compliance were also determining factors in helping enable the company to accommodate its growing workforce of 2,000.
“We wanted a system that would grow with us, and we believe the Benefitfocus configurable platform will give us more flexibility to protect our team members and handle even the most complex workforce issues, including ACA compliance,” said PGT Industries Vice President of Human Resources Debbie LaPinska.
Delivering higher benefits management service levels with lower costs
The PGT HR team is planning to introduce Consumer Directed Health Plans (“CDHPs”) coupled with voluntary benefits from the Benefitfocus Benefitstore, another key factor in the company’s move to the Benefitfocus platform. According to the Benefitfocus State of Employee Benefits, employers on the Benefitfocus Platform with 1,000 or more employees experienced nearly 50 percent adoption of CDHP plans when given the choice. Thanks to a consumer shopping experience, complete with decision support and plan comparisons, PGT employees will have more insights to select the best plan fit for their individual or family circumstances not only during open enrollment, but also as their lives may change outside of open enrollment.
With benefits representing more than 30 percent of total compensation (according to the U.S. Bureau of Labor Statistics), the HR team at PGT looked to the Benefitfocus Marketplace, with its total compensation statements, to give employees greater perspective on the value of their benefits. An easy, self-service feature, total compensation statements were another priority item for PGT benefits administrators who plan to use the feature to inform the workforce of the great benefits the company offers.
The platform’s more than 1,500 insurance carrier integrations will contribute to the reduced administrative burden and increased efficiency that PGT is looking for when electronically transferring files to its insurance carriers. Seamless integration with HRIS and carrier systems eliminates hours of tedious reconciliations while enabling PGT to easily personalize its benefits mix with additional health and voluntary benefits.
“We’re honored to have PGT join the Benefitfocus customer community,” said Shawn Jenkins, Benefitfocus CEO. “As benefits become even more complex, we’re excited about the opportunity to help this leading manufacturer simplify benefits management and drive more flexible future benefits strategies as it grows.”
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