Todd Mezrah, Founder and CEOIn this environment, mapbenefits stands out as one of only two independently-owned executive benefit plan administration platforms and the only enterprise-level, SOC 2 Type II cloud-based SaaS administration platform. It easily scales to support complex plan rules, multiple carrier integrations, reporting, and participant tools to deliver auditable and efficient plan administration, not just faster transaction processing.
“Our platform combines enterprise scale and sophistication with a strong, experienced team that continuously supports and enhances the technology, allowing clients to focus on their business,” says Todd Mezrah, founder and CEO. “Being a trusted partner is our number one goal.”
The decision to build mapbenefits stemmed from the team’s search for an administration platform that could meet clients’ evolving needs while providing the flexibility to customize plan benefits to accommodate future needs. The platform has since evolved through seven generations, combining consulting expertise with enterprise-grade technology to deliver configurable tools that simplify plan design, strengthen compliance and streamline administration.
Built on Salesforce infrastructure, mapbenefits can build a compliant 409A plan and launch online enrollment quickly and efficiently. Participant statements and plan sponsor reports are generated in approximately five minutes, helping clients move from plan design to implementation with remarkable speed.
Designed for Continuous Innovation
mapbenefits’ in-house development team is able to identify opportunities for improvement and turn client needs into platform-wide innovation on demand. Once customized functionality is created, it can be shared across the broader ecosystem, providing value to every client. The team develops and implements more than 2,000+ enhancements each year. This development model has enabled innovations like separate payment capabilities, expanded deferral options and more flexible payout structures that help organizations modernize their executive benefit programs.
Prioritization helps mapbenefits manage the high pace of innovation. Enhancements are evaluated based on client needs, operational efficiency, scalability and overall platform functionality. Each update undergoes a rigorous quality assurance process before deployment, ensuring that continuous improvement never comes at the expense of stability or reliability.
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Our platform combines enterprise scale and sophistication with a strong, experienced team that continuously supports and enhances the technology, allowing clients to focus on their business. Being a trusted partner is our number one goal.
One of mapbenefits’ most notable innovations is its support for separate payments, giving participants greater control over the timing and structure of distributions each and every year. Unlike many legacy platforms built around rigid payout models, the platform accommodates the growing complexity of executive benefit plans, including equity compensation deferrals and other customized strategies such as retention plans, PIPs, LTIPs and SAR plans.
SOC 2 Type II Compliance Without Compromise
Compliance is another area where mapbenefits distinguishes itself.
IRC Section 409A requirements are embedded into the architecture of the platform. Deferral elections, payout elections, distribution events, timing rules and payment processing are governed by programmed logic that prevents non-compliant transactions from entering or leaving the system.
The compliance-by-design approach helps protect participants from adverse tax consequences and penalties, and provides plan sponsors with confidence that their deferred compensation plans are being administered according to regulatory requirements.
The platform creates efficiency, but the human expertise behind it creates confidence. Executive benefit plan administration requires more than software; it requires plan design knowledge, implementation support, financial management (managing assets and liabilities on the same platform using our P&LIR technology), participant communication, compliance understanding and ongoing service. mapbenefits brings these elements together, sparing plan sponsors the complexity of managing multiple disconnected vendors.
Success is measured by the value it creates across the entire plan experience. Plan sponsors benefit from accurate administration that inspires confidence and minimizes day-to-day distractions. Participants enjoy an intuitive experience built around ease of use, mobile accessibility, clear communication and stronger engagement.
Executive benefit plans will continue to evolve, but the need for specialized administration remains constant. By utilizing an in-house technology team to build its platform exclusively around that reality, mapbenefits has proven that specialization and innovation are paramount to delivering long-term value.
