2022 Year in Review

2022 was a landmark year for Bnchmrk. We welcomed new partners, reached new milestones, and continued building the platform that benefits professionals rely on.

What We Shipped

Wakely partnership — In August, Wakely Consulting Group transitioned their employer benchmarking clients to Bnchmrk. When a firm with Wakely's actuarial reputation chooses your platform, it validates what you've built. We're proud to serve their clients.

Enhanced data visualization — New charts, new layouts, new ways to see and present benchmarking data. Client presentations got easier.

By the Numbers

• 25% of the top 100 benefits advisors now use Bnchmrk
• Dataset grew to over 55,000 verified plans
• Wakely partnership expanded our reach significantly
• Platform reliability: 99.98% uptime

Industry Recognition

This year, we passed a milestone we're particularly proud of: one quarter of the top 100 benefits advisors in the country now use Bnchmrk. We didn't get there through marketing. We got there because advisors told other advisors that our data was worth trusting.

Word of mouth remains our best growth channel. That only happens when you deliver.

What We Saw in the Data

Inflation hit benefits hard. Healthcare costs rose faster than they had in years. Employers faced tough choices about cost-sharing and plan design changes.

Self-funding grew. More mid-size employers explored self-funded arrangements as a way to gain control over costs. Stop-loss became a more frequent topic of conversation.

The talent wars continued. Despite economic uncertainty, the labor market stayed tight. Employers kept investing in benefits as a retention and recruitment tool.

Looking Ahead to 2023

We enter 2023 with momentum. The roadmap includes stop-loss benchmarking (finally), enhanced contribution modeling, and continued investment in data depth and accuracy.

Seven years in, we're still just getting started.

Thank you for making 2022 our best year yet.