Benefitfocus Establishes Fund to Improve Lives in Local Communities Throughout the U.S.

CHARLESTON, S.C., May 6, 2016 /PRNewswire/ -- Benefitfocus, Inc. BNFT, a leading provider of cloud-based benefits management software, today announced the Benefitfocus Fund, dedicated to creating thriving, healthy communities where people can lead better lives. Through the fund, Benefitfocus associates' will have the resources available to share with their favorite charities, and continue their personal mission as well as the company's mission of helping people live better lives for generations to come.

Established by Ray August, President and COO; Shawn Jenkins, CEO; and Mason Holland, Executive Chairman of the Board at Benefitfocus, the fund seeks applications from nonprofit organizations that share the company's and its associates' vision of creating thriving communities, which include health and wellness, basic human needs, education, environmental stewardship and the arts.

"At Benefitfocus, customers are at the heart of everything we do, and they're helping enable us to accomplish what's near and dear to our hearts: helping the people and communities in which we live and work," said Ray August, President and COO at Benefitfocus. "I want to thank Shawn and Mason for their generosity. Every day our associates go the extra mile for our customers, the fund now enables them do the same for the charities they support."

The fund is managed by the Coastal Community Foundation of South Carolina. For more information, contact Nina Sossamon-Pogue, Vice President of Community and Culture (843) 284-1052, 6226 or email BenefitfocusFund@benefitfocus.com. #BFfund

About Benefitfocus
Benefitfocus BNFT provides a leading cloud-based benefits management platform that simplifies how organizations and individuals shop for, enroll in, manage and exchange benefits.  Every day leading employers, insurance companies and millions of consumers rely on our platform to manage, scale and exchange benefits data seamlessly.  In an increasingly complex benefits landscape, we bring order to chaos so our clients and their employees have access to better information, make better decisions and lead better lives. 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 might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: 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; management of growth; fluctuations in our financial results; general economic risks; reliance on key personnel; our ability to compete effectively; our ability to maintain our culture and recruit and retain qualified personnel; 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.cfm 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.