"It is not unusual that we see clients like Highmark migrate from an outmoded
way of performing defined benefits calculations to our web-based system.
Companies are becoming more aware of the savings in time and cost with
accurate, scalable defined benefits systems," said Anil Kohli, VP of BenXL
Technologies, Inc.
Highmark is also implementing BenXL’s Pension Estimator TM into their employee
web portal to allow plan participants to run pension estimates from their own
workstations.
Created in 1996 by the consolidation of two Pennsylvania licensees of the Blue
Cross and Blue Shield Association, Highmark has over 9,000 pension plan
participants. Senior management chose BenXL in January of this year after
posting an RFP.
"We selected BenXL because it is the best solution for our needs," said Highmark
management. "In addition to streamlining pension administration, the web-based
Pension Estimator makes it possible for our employees to access their own data
and make projections of plan benefits, an important and valuable feature
because we encourage our people to pay close attention to retirement planning."
BenXL Technologies, Inc., located in King of Prussia, PA, is one of the nation’s
leading developers of pension administration software for plan sponsors, third
party administrators, and consulting firms.
