Beneco
1.9 of 5 7 reviews
www.beneco.com Scottsdale, AZ 16 to 50 Employees

Beneco Reviews

Updated Mar 26, 2014

Be The First To
Add Photos

All Employees Current Employees Only

1.9 7 reviews

                             

0% Approve of the CEO

(no image)

Zane Smith

(1 ratings)

17% of employees recommend this company to a friend
7 Employee Reviews
Relevance Date Rating
in

 

Happy

Anonymous Employee (Former Employee)

I worked at Beneco

ProsCo-workers were really helpful, there were always new projects coming up and it wasn't the same routine everyday.

ConsNot having all the supplies on a job site in order to complete the job in the time frame given.

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Disapproves of CEO

 

The Worst Company to Ever Manage your Money!

Anonymous Employee (Current Employee)

I have been working at Beneco

ProsDid not work for this company but a small firm that I worked for used them for 401K management. I've never had to struggle so much to get MY OWN MONEY. It's been a year and a half since I asked for my money and I keep getting the run around filling out forms after forms and still no money. Any advise from anyone that might have had similar experience?

ConsThis is absolutely the worst company to manage your money. Don't do it! You will have a hard time rolling over, getting a check or even checking your own funds online. you will be sending them the same forms and your driver's license time and time again, they'll wear you out. If I can save someone the headache with this post it would be worth the while.

Advice to Senior ManagementStop treating people as if it's not their money! Clean up your acts and train your staff or get out of the business! I feel totally violated that I have to go through so much to get what is rightfully mine!

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

 

Impressive company

Account Relationship Manager (Current Employee)
Scottsdale, AZ

I have been working at Beneco full-time for more than a year

ProsExcellent benefits; growing company with large market share in their business focus. Interviewed with them and they were well organized and seem to care about their employees. They have been in business for 25 years and continue to grow and hire people. In my initial research of the company I found that they have a very high retention rate for clients and that seems to be very unique in the financial services industry.

ConsDid not see any cons that I could identify. Company is expanding and hiring which is good news in this economy. I think that speaks to the uniqueness

Advice to Senior ManagementLook at expanding office locations around the country

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

We want your feedback – Are these company reviews helpful to you?  Yes | No
  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

1 person found this helpful  

Very dissapointing

Pension Administrator (Current Employee)
Scottsdale, AZ

I have been working at Beneco full-time for more than 5 years

ProsBeautiful office, free parking, good employees

ConsManagement is family and not accountable for actions. Poor HR department. A lot of mis-communication due to lack of structure by the HR department.

Advice to Senior ManagementPlease implement communication and have the HR department uphold confidentiality, not gossip.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

1 person found this helpful  

Terrible & Inefficient Company

Foreman (Current Employee)
Pleasant Valley, Dutchess, NY

I have been working at Beneco full-time for more than 10 years

ProsUnfortunately for us, there are none.

ConsMy company uses Beneco for its retirement benefits management. Beneco's customer service is unhelpful, incompetent, and extremely difficult to reach.

Advice to Senior ManagementStop treating us as if it's not our money. We are adults and we know what to do with the money we've earned.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

2 people found this helpful  

Very disappointing experience

Anonymous Employee (Former Employee)

I worked at Beneco

ProsVery nice office located in a nice part of town. Everyone was very friendly and truly seemed interested in doing the best job they could. Work hours were great and the hour lunch was a pleasant surprise.

ConsExtremely disorganized. The literal lack of documented processes and procedures meant no training was provided, or clear expectations of job performance were made. Also, part of the interview process included a personality assessment. While the results of this assessment were never shared with me, they were referenced frequently in conversations to make assumptions about my work ethic and preferences.

From the outside, Beneco appeared to be a place for tremendous personal and professional growth. Once inside, what I found was a company with very good intentions but nevertheless dealing with numerous and very serious operational issues. To make matters worse, there is a lack competence in mid-level leadership which causes these issues to continue. In the end, I cannot say that Beneco is a company that I would recommend to a friend or family member work for. Just very disappointing experience.

Advice to Senior ManagementPlease take the time to review your processes and procedures and the mid-level leadership. The lack of substance in both areas is surely affecting your reputation and business.

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

1 person found this helpful  

Disappointing

Account Relationship Manager (Current Employee)

I have been working at Beneco

ProsFriendly Staff, beautiful office, free parking.

ConsInexperienced managers, no growth potential, weak compliance.

Advice to Senior ManagementDifficult relationship between management and staff, closed door policy, mistrust of rank and file employees, workflow management issues, lack of response to staff needs to manage workflow.

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review
RSS Feed Embed

Worked for Beneco? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.

Glassdoor is your free inside look at Beneco reviews and ratings — including employee satisfaction and approval rating for Beneco CEO Zane Smith . All 7 reviews posted anonymously by Beneco employees.