City of Cypress selects Benesyst for Flexible Spending Account administrative services

July 2007

The City of Cypress, CA has selected Benesyst to provide Flexible Spending Account Administrative services. The City of Cypress, assisted by Alliant Insurance Service of Newport Beach, California is one of a growing number of California municipal entities that have entrusted Benesyst with aspects of their employee benefit administration.

Benesyst has over 14 years experience in providing Flexible Spending Account Services. It has been gratifying to the committed, innovative people of Benesyst that many Companies have entrusted their most sensitive administration functions to Benesyst, creating significant growth for our company without significant advertising or the disruption and culture damage of incorporating acquisitions. Each delighted client helps create new ones. Benesyst’s client retention rate has been an exceptional 97+% per year since we began measuring in 1996. In 2006 it was 98%. Benesyst is an established, high technology, high performance benefit administration outsourcer. Benesyst is the creator of BeneSmart™, a state-of-the-art, online enrollment and eligibility management solution that revolutionizes the way systems "think" about and manage benefits. Benesyst is also a "best of breed" Flexible Benefit Account (all types), HIPAA/COBRA/State Continuation and Short-Term Disability Benefit Administrator, offering high-touch, high performance innovative solutions in these traditionally outsourced services. www.benesyst.net.

About City of Cypress
The vision of the City of Cypress is to be an outstanding family-oriented community with a thriving business environment. The city is located in northwestern Orange County with a total population of nearly 50,000 residents.
www.ci.cypress.ca.us .