Benepass vs Forma

Benepass is an employee benefits administration and payment platform for employers and sponsoring organizations. Its listed programs include wellness, food, family and childcare, lifestyle spending, professional development, remote work, HSA, FSA, HRA, and commuter accounts. Employees can pay using physical or virtual cards or a mobile wallet, or submit reimbursement claims. Benepass says its fintech applies preset rules to accept or reject transactions. Administrators can view engagement and spending data in a dashboard, and payroll or HRIS connections support automated enrollment and tax compliance. Named HRIS and HCM connections include Workday, UKG, ADP, BambooHR, Rippling, and SAP SuccessFactors; sign-on connections include Okta and Microsoft Entra ID. The company says integrations are standard and carry no add-on fees. Its Trust Portal lists a SOC 2 Type 2 report, HITRUST e1 certification, and CCPA, GDPR, and HIPAA compliance programs. Listed controls include audit logging, multi-factor authentication, role-based access, and encryption at rest and in transit. Web and mobile access is available in 57 languages on Android, iOS, and web. Pricing is on request.

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.