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Benefit Administration is a service within the Personnel and Human Resources industry that helps employers manage employee benefits. This includes managing employee health insurance, retirement plans, and other benefits. Benefit Administration services help employers ensure that their employees are receiving the benefits they are entitled to, and that the benefits are being administered in accordance with applicable laws and regulations. Benefit Administration services also help employers manage their benefit costs, and provide employees with access to the information they need to make informed decisions about their benefits.
Benefit Administration services are provided by a variety of companies, including payroll and HR software providers, insurance companies, and third-party administrators. These companies offer a range of services, from basic benefit administration to more comprehensive solutions that include employee engagement and analytics. Companies in the Benefit Administration market include ADP, Benefitfocus, BenefitMall, Ceridian, and Zenefits. Show Less Read more