Press Releases

TriNet Announces COVID-19 Health Carrier Administrative Fees Received to be Returned to Clients as Fee Credit

Dublin, CA — July 16, 2020 — TriNet, a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that any administrative fee rebates it receives from health carriers will be returned to its clients as a fee credit.

“COVID-19 has significantly impacted customer health utilization patterns and this has resulted in health cost savings for some of our carriers,” said Ed Griese, SVP of Insurance Services at TriNet. “Specifically, some of our health carriers are offering us rebates for certain administrative fees paid. We are committed to helping alleviate any business stress our valued clients may be experiencing and will be returning administrative fee rebates received from our carriers to our clients.”

The Company anticipates receiving rebates on certain administrative fees in July from Florida Blue and United Healthcare which will be returned, in August, to clients participating in those health carriers’ plans.

“While the rebates from our carrier partners represent a nominal amount, we believe everything helps during these uncertain times,” Griese added.

TriNet is scheduled to report its second quarter financial results at 2:00 p.m. PT
(5:00 p.m. ET) on July 27. The live webcast of the conference call can be accessed on the Investor Relations section of its website at: investor.trinet.com.

About TriNet

TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll and real-time technology. From Main Street to Wall Street, TriNet empowers SMBs to focus on what matters

most—growing their business. TriNet, incredible starts here. For more information, visit TriNet.com or follow us on Twitter.

Investors:
Alex Bauer
TriNet
Investorrelations@TriNet.com
(510) 875-7201

Media:
Renee Brotherton
TriNet
Renee.Brotherton@TriNet.com
(408) 646-5103

TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

Latest Press Releases

TriNet Wins Eight Telly Awards for its ‘People Matter’ Campaign

May 31, 2023

TriNet, a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it has received eight prestigious Telly awards, including three golds, for its People Matter campaign.

TriNet to Host Virtual Summit with SMB Experts on May 25 During National PEO Week

May 18, 2023

As part of National PEO Week, TriNet will present the PEO Edge Virtual Summit, a series of discussions and interviews by TriNet thought leaders and business experts who understand the unique challenges of running SMBs.

TriNet Debuts New Episode of TriNet PeopleForce Podcast with Michael Mendenhall Featuring Dr. Brook Parker-Bello, More Too Life Founder and CEO

May 17, 2023

The podcast series takes a fresh look at the entrepreneurial journey of dynamic business leaders as they share their stories along with insights on today’s business trends. In this episode, host Michael Mendenhall chats with Dr. Brook Parker-Bello, Founder and CEO of More Too Life about her foundation and how she got involved in preventing sexual violence and human trafficking.