San Mateo, CA (Thursday, September 22, 2011)
WageWorks, a leading on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits, has joined forces with the pre-eminent tuition assistance outsourcer Edcor. The new, combined solution will give businesses better and more powerful ways to manage their tuition reimbursement and assistance programs.
"WageWorks is extremely pleased to enter into a strategic alliance with Edcor," said John Doheny, WageWorks Senior Vice President, Sales. "Their sole focus on tuition reimbursement, use of modern technology and commitment to outstanding service aligns perfectly with WageWorks' business philosophy and mission."
"As with any business partnership, it is extremely important that company cultures and company philosophies are aligned to ensure future success," said Adrienne L. Way, Edcor president and CEO. "WageWorks and Edcor both believe in high-quality service, world-class innovation and a customer-first philosophy. Both organizations operating with the same belief creates a recipe for success. I believe that customers and clients of both companies will benefit from this newly formed partnership."
Currently, more than 1.8 million participants use WageWorks' health care, commuter, COBRA, retiree health care and other employer-sponsored benefits. With superior technology and service, WageWorks maximizes the amount of time and money both businesses and their employees can save through employer-sponsored benefits programs. The partnership with Edcor will enable WageWorks to satisfy client demand for a leading-edge tuition solution including real-time application processing and tracking.
As the leader in tuition benefit administration, Edcor is widely known as the industry experts. With 30 years of experience administering tuition programs, Edcor has reduced costs, increased efficiency and added measurable value to numerous Fortune 1000 companies. Edcor provides unique solutions that are designed to assemble all of the features and benefits major corporations require, while proactively offering numerous enhancements that will maximize the return on investment, efficiency and cost-effectiveness of a tuition benefits program.
WageWorks (NYSE: WAGE) is a leader in administering Consumer-Directed Benefits (CDBs), which empower employees to save money on taxes while also providing corporate tax advantages for employers. WageWorks is solely dedicated to administering CDBs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, COBRA, and other employee benefits. WageWorks makes it easier to understand and take advantage of Consumer-Directed Benefits for 58,000 employers and approximately 4.5 million people. WageWorks is headquartered in San Mateo, California, with offices in major locations throughout the United States. For more information, visit www.wageworks.com.