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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.