Benecaid named to the 26th annual PROFIT 500 ranking of Canada's Fastest-Growing Companies by Canadian Business and PROFIT for the sixth consecutive year.

TORONTO, June 16, 2014 /CNW/ - Benecaid Health Benefit Solutions, a Canadian provider of employee benefit solutions for small and medium sized businesses, ranked No.374 on the 26th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the July issue of Canadian Business and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years.

Benecaid Health Benefit Solutions Inc. has made the PROFIT 500 list with five-year revenue growth of 117%.

"The members of the PROFIT 500 are the elite of the country's entrepreneurial community," says James Cowan, Editor-in-Chief of Canadian Business and PROFIT. "Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity."

"It is an honour for Benecaid to be recognized on this list for the sixth consecutive year," says Marla Schwartz, President of Benecaid. "Our continued success is a direct result of our focus and dedication on serving the small business market. We are making health benefits simple and accessible for entrepreneurs, helping them to compete for top talent, retain an engaged workforce and be successful."

Benecaid continues to serve the entrepreneurial market and has become a health benefit solution provider.

About PROFIT and PROFITguide.com
PROFIT: Your Guide to Business Success is Canada's preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 32 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About Canadian Business
Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a readership of more than 800,000, it is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.

About Benecaid
Benecaid is a Canadian administrator of health benefit solutions focused on leading-edge employee benefits for small and medium sized enterprises. Their innovative solutions provide best-in-class benefit programs while assisting in managing the bottom line, and are designed to put control of health benefit costs back into the hands of the employer. Today, they are the premiere managers and administrators of health benefits with the ability to offer their clients a wide breadth of product offerings. With over 5,000companies and 50,000 individuals now covered through Benecaid's solutions, Benecaid is one of the fastest growing health benefits companies in Canada. Visit Benecaid online at www.benecaid.com

Image with caption: "Health benefits. Simplified (CNW Group/Benecaid Health Benefit Solutions Inc)". Image available at: http://photos.newswire.ca/images/download/20140616_C1896_PHOTO_EN_3675.jpg

SOURCE: Benecaid Health Benefit Solutions Inc

For further information: Media Contact: Christine Oliver, coliver@benecaid.com, 416 626 8786 ext 7248

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