ORLANDO, Fla., Jan. 21, 2016 /PRNewswire/ -- PlanSource Inc., announced today that NFP Corp., the nation's 5th largest benefits broker and consultant, which provides employee benefits, property and casualty insurance, individual insurance and wealth management solutions, has expanded their platform to include PlanSource as a preferred benefits technology solutions partner.
"Bringing best-in-class technology solutions to our customers in this ACA era is a core part of NFP's value proposition. With the regulatory burden and complexities associated with benefits administration, employers must have a proven benefits management platform, which is why we added PlanSource as a resource for our customers to choose from," said Ed O'Malley, President, Corporate Benefits and Individual Solutions. "Their understanding and leadership in benefits and HCM administration makes them a great tool to help navigate the complex and anxiety-inducing aspects of employee benefits."
Nationwide search leads to PlanSource
NFP serves corporate clients by providing brokerage and consulting services related to the planning and administration of benefits plans. They wanted to offer their clients a robust, intuitive benefits technology solution that was scalable enough to suit the diverse business needs of all client types. After a nationwide search of more than 20 vendors, they chose a select group of HR technology partners including PlanSource due to its deep knowledge and experience in benefits technology, its status as a leader in the space, and the fact that PlanSource offers a complete package of solutions for human capital management and benefits shopping, enrollment, billing, compliance and administration.
"PlanSource is honored to be chosen as one of NFP's benefits technology partners," said Scott Carver, President of PlanSource. "As a national benefits broker, NFP has long had a strong reputation for their prowess in technology and benefits administration expertise. Together, we will provide NFP's clients with a proven solution that scales to their needs and gives them one source for HR and benefits."
At NFP Corp., our solutions and expertise are matched only by our personal commitment to each client's goals. We're a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions through our licensed subsidiaries and affiliates. Our registered investment advisers and broker-dealers empower independent financial advisors with integrated technology, subject matter expertise and a suite of customized services.
NFP has more than 3,600 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We've become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was ranked by Business Insurance as the 5th largest global benefits broker by revenue, the 4th largest US-based privately owned broker and the 11th largest broker of US business. In addition, PlanSponsor named us the 5th largest executive benefits provider of nonqualified deferred compensation by number of plans, and we were ranked 11th in personal lines P&C revenue by Insurance Journal. Our independent broker-dealer ranked 10th in annual revenue by Investment Advisor, and Rep ranked it the 6th highest in advisor production by assets under management.
For more information, visit www.nfp.com.
PlanSource is a technology company driven to create a better benefits and HR experience for employers and their employees. We offer flexible and intuitive software for benefits administration, insurance exchanges and human capital management. Our complete cloud-based technology helps nearly 10,000 employers and 3.5 million consumers with benefits shopping, enrollment, billing, compliance and administration. Learn more at www.plansource.com.
PlanSource is a registered trademark of PlanSource, Inc., and PlanSource owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
SOURCE PlanSource Inc.