Benecaid ranks No. 308 on the 25th annual list of Canada's Fastest-Growing Companies by PROFIT Magazine

PROFIT magazine unveils 25^th annual list of Canada's Fastest-Growing Companies

TORONTO, June 3, 2013 /CNW/ - Benecaid Health Benefit Solutions, an administrator of employee benefit solutions for small and medium sized businesses, ranked No.308 on the 25th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies. Published in the Summer issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years. This is the fifth consecutive year the Benecaid has been recognized by PROFIT Magazine.

Benecaid Health Benefit Solutions Inc. has made the PROFIT 500 list with five-year revenue growth of 175%.

"To celebrate the 25th anniversary of the Fastest-Growing Companies in Canada, the PROFIT 500 has expanded to recognize the entrepreneurial achievements of more than 500 Canadian companies," says Ian Portsmouth, Editor-in-Chief of PROFIT magazine. "PROFIT is proud to now showcase Canada's forward-thinking small business entrepreneurs and honour their talents and innovations."

"Benecaid is delighted to be part of PROFIT 500 ranking for the 5th consecutive year," says Marla Schwartz, President of Benecaid. "We deliver the benefits that Canadians want and the protection they deserve. We continue to listen to our clients to provide them with products and services that will help them to be successful. Their success is our success."

Benecaid serves the entrepreneurial market delivering simple and effective health benefit plans. This includes the recent launch of their new flexFIT™ fully insured health benefits plan.

About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 29 years, Canadian entrepreneurs and senior managers 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 www.PROFITguide.com.

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 5,000 companies 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. 

SOURCE: Benecaid Health Benefit Solutions Inc

Media Contact:
Christine Oliver
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416 626 8786 ext 7248