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SPECIFICTION
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Forma

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Spec score 7.2 #6 of 16 in Employee Perks Software

What it is

Forma helps employers design and administer customizable benefits, including pre-tax and post-tax spending accounts. Employers configure account types, eligibility, and whether funds recur, are single-use, or depend on milestones. Listed plans include HRA, HSA, FSA, Commuter, Employer-Subsidized Account, and Lifestyle Spending Account. Employees access benefits through the Forma Store, Forma Card, or claims reimbursement. The Store is a curated marketplace for lifestyle and wellness products and services without stated out-of-pocket spending or receipts. The Forma Visa Debit Card works wherever Visa is accepted, and many eligible payments are automatically adjudicated without receipts. Dashboards report budgets, usage, and claim approvals. Forma lists more than 40 HRIS integrations, including Workday, ADP, UKG, and Paylocity, plus SCIM and file feeds. It supports SAML2 authentication and major SSO providers, with web, iOS, Android, and API access. Pricing is customized in an Order Form and billed annually unless otherwise specified. Forma is headquartered in Fremont, California.

Spec sheet

What it does
Forma provides a platform for employers to design and administer customizable employee benefits, including pre-tax and post-tax spending accounts.Read 7 Oct 2026 · joinforma.com
Integrations
Forma says it offers 40+ HRIS integrations, including Workday, ADP, UKG, and Paylocity, plus SCIM and file feeds.Read 7 Oct 2026 · joinforma.com
Mobile apps
Forma links to iOS and Android apps from its website.Read 7 Oct 2026 · joinforma.com
Security
Forma states it has SOC 2 Type 2 certification, conducts annual network and application scans, and encrypts data at rest and in transit.Read 7 Oct 2026 · joinforma.com
Privacy
Forma says it is committed to compliance with applicable data, health, GDPR, and financial privacy laws.Read 7 Oct 2026 · joinforma.com
Support
Forma offers a Help Center and describes member support as part of its benefits platform.Read 7 Oct 2026 · joinforma.com
Headquarters
Fremont, California, United StatesRead 28 Sep 2026 · joinforma.com
Account setup
Employers can configure account types, eligibility, and whether funds recur, are single-use, or are tied to milestones.Read 7 Oct 2026 · joinforma.com
Forma Card
The Forma Visa Debit Card can be used wherever Visa is accepted, and many eligible payments are automatically adjudicated without receipts.Read 7 Oct 2026 · joinforma.com
Forma Store
The Forma Store is a curated marketplace for lifestyle and wellness products and services, with no out-of-pocket spending or receipts stated on the page.Read 7 Oct 2026 · joinforma.com
Notable limitation
Forma says it is a financial technology company, not a bank; banking services are provided by Thread Bank, Member FDIC.Read 7 Oct 2026 · joinforma.com
Reporting
The platform dashboard reports on budgets, usage, and claims approvals.Read 7 Oct 2026 · joinforma.com
SSO
Forma supports SAML2-compliant authentication and preconfigured applications for major SSO providers.Read 7 Oct 2026 · joinforma.com
Ways to spend
Employees can use the Forma Store, Forma Card, or claims reimbursement to access benefits.Read 7 Oct 2026 · joinforma.com
Who it serves
Forma describes its platform as serving employers, benefits professionals, employees, and brokers.Read 7 Oct 2026 · joinforma.com

Plans and prices

Forma flexible benefits platform Priced on request Custom fees are specified in an Order Form; subscription fees are billed annually unless otherwise specified. Pricing depends on the contracted Order Form Read 7 Oct 2026 · joinforma.com

Every Forma plan and price →

Strong points and limits

Strong points

  • Supports multiple benefit account types
  • Configurable eligibility and funding rules
  • Forma Card works wherever Visa is accepted
  • 40+ HRIS integrations listed
  • SOC 2 Type 2 certification

Limits

  • Pricing depends on a custom Order Form
  • Forma is not a bank
  • Banking services come from Thread Bank
  • Some eligible payments are automatically adjudicated, not all

Who it suits

Forma suits employers, benefits professionals, employees, and brokers managing configurable spending accounts, eligibility, payroll deductions, and COBRA administration.

Verdict

Forma combines configurable benefit accounts with card, marketplace, reimbursement, and administrative tools. Organizations should request an Order Form quote and account for its non-bank structure.

Where Specifiction places it

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