In the 1990s, TriNet was a member of the Inc. February 15, 2022: Trinet closed its acquisition of Zenefits.Little Bird HR is a New York City-based professional employer organization. July 27, 2020: TriNet acquired Little Bird HR.Ambrose is a New York City-based professional employer organization. July 2, 2013: TriNet acquired Ambrose Employer Group.October 25, 2012: TriNet closed its acquisition of Strategic Outsourcing and became the largest, independent professional employer organization in the U.S.April 26, 2012: TriNet announced its acquisition of AccordHR in Oklahoma City.ExpenseCloud helps businesses manage expense reporting online and from mobile devices. May 9, 2012: TriNet completed its acquisition of ExpenseCloud.June 1, 2009: TriNet completed its acquisition of Gevity (NASDAQ: GVHR), a human resources outsourcing company based in Bradenton, Florida.2008: TriNet acquired LMC Resources, a professional employer organization focused on emerging markets.2007: TriNet acquired human resources outsourcing and consulting firm John Parry & Alexander.2006: Trinet completed the acquisition of Outsource Group, a human resources service provider.2003: TriNet acquired two professional employer organizations, including the west coast assets of ALTRES and the E3 Group.In June 2023, Reuters reported that TriNet was attempting to find a buyer to sell itself to. ![]() In March 2014 TriNet launched its initial public offering (IPO) on the New York Stock Exchange with ticker symbol TNET and became a public company. Babinec remained at the company as a director. In May 2008, Burton Goldfield joined the company as president and CEO. ![]() In 2004, Vedior sold its minority interest in TriNet to General Atlantic, a growth equity firm. In 2000, the company incorporated as TriNet Group. At the same time, the company went through its own rounds of equity financing, including an investment by U.K.-based staffing firm Select Holdings, LLC (later renamed as Vedior). E3 Group of Dallas and Boston-based HR Logic Holdings. Babinec led TriNet through several acquisitions of smaller professional employer organizations, including Boston-based HR Logic Holdings, John Parry & Alexander and the Outsource Group of Walnut Creek, Calif. TriNet was founded in 1988 by entrepreneur Martin Babinec in San Leandro, California. The company also provides online tools such as web-hosted management portals for a manager and employee self-service. Since then, TriNet has broadened its offerings to add payroll services, Fortune-500 benefits, 401(k) guidance, worker's compensation, liability insurance, and strategic human resources support and services. įounded in 1988, TriNet initially offered basic employee benefits, dental coverage, life and disability insurance and employment law guidance. TriNet partners with organizations between 3 and 2,500 employees. ![]() TriNet is headquartered in Dublin, California. TriNet administers payroll and health benefits and advises clients on employment law compliance and risk reduction, acting in some cases as an outsourced human resources department. is an American cloud-based professional employer organization for small and medium-sized businesses. Empower is not affiliated with MassMutual or its affiliates.TriNet Group, Inc. and registered investment advisers, Advised Assets Group, LLC and Personal Capital. GWFS Equities is a subsidiary of GWL&A and an affiliate of Empower Retirement, LLC Great-West Funds, Inc. Empower Retirement refers to the products and services offered by GWL&A and its subsidiaries. Additionally, GWFS Equities, Inc., will be the distributor of the MassMutual insurance products sold on Empower’s platform. On the closing date of the transaction, Empower will administer the business on MassMutual’s behalf, with certain administrative services being performed by MassMutual and its affiliates during a temporary transition period. Concurrently, MassMutual retroceded business it reinsures from a cedent, which MassMutual assumed in a previous transaction. Through this transaction, business written by MassMutual is reinsured by Great-West Life & Annuity Insurance Company (“GWL&A”), and in New York by Great-West Life & Annuity Insurance Company of New York. Effective on the closing date of the transaction, Empower Retirement (“Empower”) acquired the Massachusetts Mutual Life Insurance Company’s (“MassMutual”) retirement business.
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