Benetrends Reviews

3.8

66% would recommend to a friend

(25 total reviews)

Rocco Fiorentino

53% approve of CEO

68% positive business outlook

Benetrends has an employee rating of 3.8 out of 5 stars, based on 25 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Benetrends employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

25 reviews
1.0
3 Jun 2014
Recommend
CEO approval
Business outlook

Pros

Clever I suppose. specifically relating to the Rainmaker Plan for using qualified retirement funds for people to start their businesses. I would even take the stand that they should be allowed.

Cons

They charge excessively for services in many cases. Some are more complex, but they use a veil of secrecy by implying that they provide several "compliance procedures" on the accounts they represent and justify annual fees effectively fleecing the account from any benefit realized from avoiding early withdrawal penalties. The people advising the clients are incompetent and often put their clients into situations where they are out of compliance and leave them to clean it up. The tone and culture seem to be get all of the money out of this gray area in the tax code and when it closes, let the clients fend for themselves while the management runs off with the money. They'll leave their clients and their employees on the street.

1.0
8 Mar 2013
Recommend
CEO approval
Business outlook

Pros

Non-Management Employees for the most part are nice, decent pay, good benefits. The Rainmaker Plan is a very good product if sold correctly. SBA specialist is very good, but generally takes on "no brainer" cases. Only one person in SBA department…he needs help!

Cons

Very dysfunctional, Management is good old boy network, full of themselves, only care about themselves. They are very smug and think they can do no wrong. Owners are generally nice, but are blind to new management and their poor decisions. The business is slowly slipping away and they don’t see it. Very High Turnover, approximately 45-50 out of sixty people in about the last year and a half. Business is suffering due to bad management. The new products are not making any profit for the company. These products are being used as smoke screen to give a false impression to the industry. Good people in the Insurance Department and good rep from ADP. Unfortunately the management does not provide the resources to make these departments flourish. HR is a joke, being run by someone who has no HR background, HR can be very condescending. Worst morale I have ever been in. Most employees are looking for a new job or hoping to get laid off. The company has gotten rid of many good long term, knowledgeable employees and replaced them with lower cost unqualified people, while keeping a lot of the “yes” people . No one can challenge without being labeled a bad employee or suggest improvements without it being made to look like management’s ideas. The Sales Department is being trained to sell like used car salesmen. The company is setting themselves up for failure.

5.0
19 Dec 2016
Recommend
CEO approval
Business outlook

Pros

There is a very relaxed culture/environment, strong pay with opportunity to earn even more, family-like colleagues who care for each other, transparency and attention to detail. The company is also constantly evolving in an effort to be better everyday, and that is something that is not lost on its employees.

Cons

Privately held company so it will never be a billion-dollar firm, services provided are tied to the activity of the economy like most financial services firms.

Viewing 1 - 3 of 25 Reviews

Glassdoor has 27 Benetrends reviews submitted anonymously by Benetrends employees. Read employee reviews and ratings on Glassdoor to decide if Benetrends is right for you.