Charleston, S.C. – July 24, 2014 – Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits software solutions, today announced that Texas-based retail chain, ALCO Stores, Inc. has selected the Benefitfocus HR INTOUCH MARKETPLACE® to support benefits administration in response to the additional requirements imposed by the Affordable Care Act (ACA). By consolidating benefits-related information and employee data in the cloud-based HR INTOUCH MARKETPLACE portal, ALCO can support online enrollment, employee communication and eligibility management in one place.
With 198 stores across 23 states, ALCO is known for bringing a wide variety of quality merchandise at reasonable prices to smaller communities throughout the central United States. HR INTOUCH MARKETPLACE is built on a configurable rules-based engine that enables ALCO to create enrollment workflows based on the individual’s eligibility status. Plan comparison tools, cost estimators and educational videos help employees become more knowledgeable about the options available to them and the impact of their benefit decisions. Employees are able to conveniently access their benefits information from the portal at any time throughout the year from any web-enabled device.
“HR InTouch Marketplace is exactly what we were looking for coming from a very manual benefits management process,” said Shatana Allen, Director of Human Resources at ALCO Stores. “This is the comprehensive solution we needed to improve employee engagement and be more strategic in our benefits administration. We are excited to roll this out starting with open enrollment for our variable hour workers in November.”
As a retailer, ALCO has a large variable hour workforce population. HR INTOUCH MARKETPLACE supports integration with the ACA Management Platform from Equifax Workforce Solutions, providing ALCO access to the tools to measure and track the eligibility of its workforce as required by the ACA’s Employer Mandate. HR INTOUCH MARKETPLACE provides dynamic messaging capabilities for ALCO to notify newly eligible employees based on the calculations performed by the ACA Management Platform. Additionally, declination surveys and required communication, such as the public exchange notice, can be configured into the enrollment process; survey replies and employee acknowledgement are captured and available via reports.
“ALCO makes it a priority to contribute to the success of its associates and the community it serves,” stated Benefitfocus President and CEO Shawn Jenkins. “At Benefitfocus, we consider our clients a part of our community, and we are passionate about extending the value of our Platform further through our Ecosystem for our clients’ success. ALCO is a great example of the advantages that this extensibility offers.”