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Paylocity acquires Missouri-based benefits administration company

Paylocity Holding Corp. has acquired all assets of BeneFLEX HR Resources Inc., a privately held third-party benefits administration company, in an all-cash transaction.

As a result of the transaction, the 36 BeneFLEX employees, as well as clients and referring brokers, are joining Paylocity.

Based in St. Louis, BeneFLEX provides employee benefit plans, including flexible spending accounts, health savings accounts, health reimbursement accounts, and COBRA for mid-market clients across the Midwest and California.