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Products November 12, 2001
HR Block Buys Block of MyBenefitsSource
December 11, 2001 (PLANSPONSOR.com) - Tax preparer
H&R Block has acquired approximately 44% of the
outstanding common shares of MyBenefitSource Inc., a firm
that delivers payroll, benefit, enrollment and administrative
services.
Reported by Fred Schneyer
The Atlanta-based MyBenefitSource says its product integrates
- payroll
- time and attendance
- benefits brokerage
- benefits enrollment
- benefits administration
- benefits invoice reconciliation.
MyBenefitSource users can access their records via the Internet.
MyBenefitSource will work with RSM McGladrey Inc., an H&R Block subsidiary and national consulting, accounting and tax firm.
Acquisition terms were not disclosed H&R Block has an option to acquire the remaining shares of MyBenefitSource.