This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

WageWorks Enters Strategic Alliance With Ceridian To Further Extend Its Leadership In Consumer-Directed Benefits

WageWorks, Inc. (NYSE: WAGE), a leading provider of Consumer-Directed Benefits (CDBs), such as pretax accounts for health, commuter and other employee benefits, today announced that it has entered into a strategic alliance with Ceridian, a leader in human capital management with more than 100,000 clients in over 50 countries.

Under this alliance, WageWorks will assume responsibility for the administration of all Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), Commuter Benefit Accounts, and Premium Only Plans currently provided by Ceridian. In addition, as part of this alliance, Ceridian will soon offer through its sales organization WageWorks’ health, commuter and other pretax employee benefit accounts to their employer clients. By partnering with WageWorks, Ceridian ensures that its clients and their employees have access to the expertise, technology and enhanced services in Consumer-Directed Benefits WageWorks offers, while continuing their focus on providing leadership in human capital management.

“We are very excited to be working with a company of Ceridian’s outstanding reputation and market reach,” said Joe Jackson, CEO, WageWorks, Inc. “This alliance will allow us to bring WageWorks’ tax-saving Consumer-Directed Benefits to the large number of employers and employees that are already working with Ceridian and taking advantage of their industry-leading offerings in human capital management."

“This partnership allows two leaders in their space to deliver a combined best-in-class solution, and enables Ceridian to deliver even greater value to our customers in the area of Consumer-Directed Benefits,” says David Ossip, CEO, Ceridian HCM. “WageWorks’ technology platform combined with their strong focus on customer service, education and engagement is an excellent complement to our transformative human capital management products and services.”

To implement the partnership with current clients, WageWorks and Ceridian expect to transition approximately 18,000 employers from Ceridian to WageWorks’ Consumer-Directed Benefits. Transitions are expected to begin during the fourth quarter of 2013 and continue into 2014, with both companies working closely together to ensure a smooth process for all existing clients.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs