TrustRadius: an HG Insights company

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Benefitfocus

    Score9 out of 10
    N/ABenefitfocus headquartered in Charleston, South Carolina offers their eponymous platform for benefits administration, featuring the Benefitfocus Marketplace.N/A

    PenServ

    N/AN/APenServ Plan Services, Inc. is a full-service, third-party administrator (TPA) offering retirement plan recordkeeping and administrative services, compliance testing, auditing, and document services to large and small for-profit and nonprofit employers, as well as tax-exempt governmental, educational, and religious institutions. PenServ guides each client through the plan design, education, and enrollment processes and relieves them of the daily challenges of plan administration and legal…N/A
    Pricing
    BenefitfocusPenServ
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    BenefitfocusPenServ
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    User Ratings
    BenefitfocusPenServ
    Likelihood to Recommend
    10.0
    (2 ratings)
    -
    (0 ratings)
    User Testimonials
    BenefitfocusPenServ
    Likelihood to Recommend
    Benefitfocus
    It is well suited for a small company of maybe 300-400. It is less appropriate for companies in areas where a transit and parking benefit is a must.
    Incentivized
    Read full review
    PenServ Plan Services, Inc
    No answers on this topic
    Pros
    Benefitfocus
    • Enrollment Reports
    • Customer Service
    • File Feed Setup
    Incentivized
    Read full review
    PenServ Plan Services, Inc
    No answers on this topic
    Cons
    Benefitfocus
    • Great at selling their product but not keeping their promises.
    • Too many glitches and they always advise it will be updated/corrected on their next "quarterly update".
    • They can't administer QTB plans (parking and transit) which is an essential benefit plan offered to companies. They didn't officially come out with this news until after we had implemented and launched the program. During implementation, they made it appear like it would work.
    Incentivized
    Read full review
    PenServ Plan Services, Inc
    No answers on this topic
    Alternatives Considered
    Benefitfocus
    Did not research any, as we were using Benefitfocus for our Allstate benefits for years prior to implementing it with all benefits.
    Incentivized
    Read full review
    PenServ Plan Services, Inc
    No answers on this topic
    Return on Investment
    Benefitfocus
    • It was a negative impact because we launched the program during open enrollment only to revert back to the old platform, BeneTrac, 3 months later.
    • Bad impression on the benefits team to implement a program that didn't deliver.
    Incentivized
    Read full review
    PenServ Plan Services, Inc
    No answers on this topic
    ScreenShots