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Apr 24, 2018

Benefitfocus Extends Stock Ownership to All Employees

CHARLESTON, S.C., April 24, 2018 /PRNewswire/ -- Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits management platform and services provider, today announced a new stock award program for Benefitfocus employees. The program gives current employees a one-time Restricted Stock Unit award valued at approximately $2,000 at the time of the award. With this new program, Benefitfocus ensures all employees will have an opportunity to own a piece of the company and, like our other stockholders, benefit from its success.

Benefitfocus logo (PRNewsFoto/Benefitfocus, Inc.) (PRNewsfoto/Benefitfocus, Inc.)

"The Benefitfocus employees have been instrumental in creating our industry-leading solution," said Ray August, President & CEO, Benefitfocus. "I am so proud of our employees and grateful for their commitment to our customers. I truly believe that when our employees flourish, our customers prosper, and that should drive value creation for our stockholders as well. I cannot think of a more fitting way to help all of our employees build their own lives and careers than putting ownership directly in their hands." 

In 2018, Benefitfocus established its employee cornerstone to ensure the company's culture, benefits, pay, rewards and recognition programs all aligned to its ongoing commitment to be a leading employer and world-class company. Through the new stock award program, all employees will have ownership in Benefitfocus. Benefitfocus intends to extend this grant to future employees who join Benefefitfocus in a full-time position.

About Benefitfocus

Benefitfocus (NASDAQ: BNFT) unifies the entire U.S. benefits industry on a single technology platform to protect consumers' health, wealth and lifestyle. Our powerful cloud-based software, data-driven insights and thoughtfully-designed services, enable employers, insurance brokers and carriers to simplify the complexity of benefits administration and deliver a world-class benefits experience. Learn more at www.benefitfocus.com, LinkedIn and Twitter.

Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results or performance might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: our ability to maintain our culture and recruit and retain qualified personnel; reliance on key personnel; our ability to compete effectively; management of growth; the need to innovate and provide useful products and services; changes in government regulations; the immature and volatile nature of the market for our products and services and other factors that could impact our anticipated growth; fluctuations in our financial results; general economic risks; privacy, security and other risks associated with our business; and the other risk factors set forth from time to time in our SEC filings, copies of which are available free of charge within the Investor Relations section of the Benefitfocus website at http://investor.benefitfocus.com/sec-filings or upon request from our investor relations department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

 

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SOURCE Benefitfocus, Inc.

Benefitfocus, Inc., 843-284-1052 ext. 3527, pr@benefitfocus.com