History
In 1974, ERISA changed everything. Managing large-scale employee benefit plans became more complex, and more costly. As a benefits professional, Murray Goldman recognized that employers and third-party administrators now needed a simple, cost effective solution for benefits administration. And so, in 1977, he founded SBC Systems to meet those needs.
The company’s earliest solution operated on IBM mainframes and was designed to help third-party administrators manage pension plans. As desktop computers and Windows operating systems became the norm, SBC quickly adapted. By 1981, SBC Systems had become an industry pioneer with its “by benefits professionals, for benefits professionals” philosophy.
The company’s software can handle complicated, data-intensive demands, integrate with existing HR/payroll systems and easily adapt to the constantly evolving employee benefits environment. With solutions built for Defined Benefits, Health & Welfare and Billing Management, our software can administer all employee benefits on one platform — without sacrificing data integrity.
In 2004, SBC Systems teamed with B2E Solutions, a London-based firm that provides contract placements for employers in the United Kingdom, to create SBC UK. Through this partnership, our software solutions are now available to UK-based employers.
While technology and benefit plans have changed over the years, SBC’s mission and passion have remained the same: to provide employers with a state-of-the-art administration platform capable of being implemented and maintained by benefits professionals. Today, SBC processes over hundreds of thousands of lives for plan sponsors, third-party administrators, outsourcers associations and non-profits, both nationally and internationally.