OneDigital Health and Benefits has acquired Beneflex Insurance Services, an independently owned & operated employee benefits agency, continuing its expansion in Southern California.
Beneflex was founded in 2004 by Dan Cattaneo and located in the coastal town of Santa Barbara, Caalifornia.
The company works with clients across a range of industries to provide better quality in focused areas of expertise.
The deal will allow Beneflex Insurance Services’ clients to access compliance support including ERISA Counsel, improved claim analysis, and actuarial services and technology.
OneDigital Southern California regional managing principal Chris Thurin said for 15 years, Beneflex has delivered unmatched expertise and innovative solutions for mid-sized employers.
Thurin said: “The Beneflex leadership team has fostered an intentional culture to ensure their team of benefits experts consistently delivers creative strategies, personal service and peace of mind to their clients. Beneflex is the right partner to expand our market reach in the Central Coast and further enhance our culture and reputation.”
OneDigital Santa Barbara managing principal and benefits advisor Dan Cattaneo said Beneflex’s products, tools, services and people made the company’s decision easy.
“They are not distracted by offering multiple insurance disciplines which allows them to deliver world-class solutions in the employee benefits arena. We are very excited to partner with such a progressive, thoughtful employee benefits only organization, and we look forward to introducing new and exciting services to our clients and community,” Cattaneo said.
OneDigital delivers employers a combination of benefit advisory services, analytics, compliance support, human resources management tools and insurance offerings.
Headquartered in Atlanta, OneDigital has more than 1,300 employees throughout the country, serves 38,000 clients and manages about $4.5bn in premiums.
The Beneflex Insurance acquisition follows OneDigital Health’s purchase of Texas Financial Group, Strategic Employee Benefit Services (SEBS) in Houston, Texas.
Texas Financial Group, SEBS works with clients across a range of industries, assisting with employee benefits strategic plan design, analytics and implementation.