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Beam Benefits Named to Inc. Magazine's Best Workplaces of 2023

May 8, 2023

Digital-first benefits company uses core values as its cultural north star

COLUMBUS, OH – May 9, 2023 -- Beam Benefits, the digitally-led employee benefits company, has been recognized as one of Inc’s Best Workplaces for 2023. It’s the publication’s eighth annual ranking of companies in the private sector.

This year’s Inc. Best Workplaces list is the result of a wide-ranging and comprehensive measurement of American companies that have excelled in creating exceptional workplaces and company culture, whether teams are operating in person or remotely. Beam was selected out of thousands of applicants across the U.S.

Beam works to help small- and medium-sized businesses (SMBs) build exemplary cultures through employee benefits packages and products that are simple, easy-to-use, and accessible. Its own culture is built upon a foundation of core values around G.R.I.T.T. – growth, resilience, initiative, tenacity, and team-first. These values continue to act as a litmus test and standard for everything Beam and its people do.

  • Growth: Every employee has the opportunity to receive equity and equity training - cultivating a community of employees who not only think like owners, but can be one. Beam cofounders also provide monthly business updates to all employees. By giving everyone visibility into the company’s growth and incentives for success, Beam encourages a sense of belonging and shows that hard work today will pay off tomorrow.‍
  • Resilience: Beam uses the Objectives and Key Results (OKR) methodology during annual goal-setting, quarterly performance reviews, biweekly performance conversations, and quarterly check-ins. By outlining areas for improvement on a quantitative basis, Beam promotes transparent feedback and ensures employees bounce back from challenges.‍
  • Initiative: Annually, Beam proactively issues its own engagement survey to track how employees are feeling about their roles and the business. Through these surveys and other ongoing conversations, Beam gives employees the opportunity to influence the direction of the business.‍
  • Tenacity: By hosting weekly company connect meetings and longer monthly all-hands forums, Beam fosters a sense of purpose through employee engagement. Employees get a front-row seat to see how their contributions impact the business overall.
  • ‍Team-First: Through a variety of ongoing programming, Beam features learning opportunities from different areas of the business, shares wellness and professional development content, and highlights side hobbies of its employees. Beam also covers 100% of employees’ dental and vision benefits, pays 99% of health insurance premiums, and provides a desk budget and annual learning stipend.

“Culture can be difficult to articulate, especially when much of your company is remote or hybrid. That’s why we devote 80 percent of our weekly all-company meetings to talking about how culture manifests in the business,” said Alex Frommeyer, CEO and co-founder of Beam. “Beamers, including me, share real stories about how they exemplified one of Beam’s core values, and stories about how they didn’t. This approach continues to be highly effective for keeping our culture intact, especially as our people work from anywhere.”

Beam’s simple and smart approach to employee benefits has led to exponential growth year-over-year, with a 60% increase in revenue and now having over half a million policies in force. Thousands of employers across the country continue to look to Beam to make their employees’ lives healthier, happier, and more financially sound.

About Beam Benefits

Beam Benefits is a digitally-led employee benefits company that offers dental, vision, life, disability, and supplemental health coverage. The company simplifies and modernizes the $100+ billion ancillary benefits industry through its intuitive online platform, self-service tools, AI-powered underwriting, and thoughtful coverage for improved overall wellness. Its Beam Perks™ program offers incentives to members and rewards them for healthy behaviors. Beam has raised over $160 million in funding and is available in 44 states across the U.S. Learn more at beambenefits.com.

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Media Contact

Ellie Dundics

ellie@propllr.com

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Dental and vision insurance products underwritten by National Guardian Life Insurance Company (NGL), Madison, WI, marketed by Beam Insurance Services LLC (Beam Benefits Insurance Services LLC, in CA). Dental policy form number NDNGRP 2020 and vision policy form number NVIGRP 2020. Dental and vision products underwritten by Nationwide Life Insurance Company, Columbus, OH in NY, DE, ID, LA, UT, OH, TX and NM. Dental coverage applicable to policy form GDTL AO L20, or state equivalent and vision policy form GVIS AO L20, or state equivalent. Dental and vision products administered by Beam Insurance Administrators LLC (Beam Dental Insurance Administrators LLC, in Texas). Vision insurance products underwritten by Vision Service Plan (VSP) in WA. Vision insurance products administered by Vision Service Plan Insurance Company.  Life insurance product is underwritten by Nationwide Life Insurance Company, Columbus, OH, marketed by Beam Insurance Services LLC (Beam Benefits Insurance Services LLC, in CA) and administered by Beam Insurance Administrators LLC (Beam Dental Insurance Administrators LLC in Texas). Life and AD&D coverage applicable to policy form GLIF AO L20, or state equivalent. Group Short-Term Disability and Long-Term Disability insurance products are underwritten by Nationwide Life Insurance Company, Columbus, OH, marketed by Beam Insurance Services LLC (Beam Benefits Insurance Services LLC, in CA) and administered by Beam Insurance Administrators LLC (Beam Dental Insurance Administrators LLC in Texas). STD coverage applicable to policy form NSHDIS 2000, or state equivalent and LTD policy form ICC18 GDIS AO L20, GDIS AO L20, or state equivalent. Life, Short-Term Disability, and Long-Term Disability products are not available to members living in Puerto Rico and product availability may vary by state. Program restrictions and exclusions apply. Accident, Hospital only Indemnity, and Critical Illness insurance products are underwritten by Nationwide Life Insurance Company, Columbus, OH, marketed by Beam Insurance Services LLC (Beam Benefits Insurance Services LLC, in CA) and administered by Beam Insurance Administrators LLC (Beam Dental Insurance Administrators LLC in Texas). Accident coverage applicable to policy form GCAS AO L20, or state equivalent, Hospital policy form GHOI AO L20, or state equivalent and Critical Illness policy form GCI AO L20, or state equivalent. Products not available in all states.

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National Guardian Life Insurance Company, Madison, WI, is not affiliated with The Guardian Life Insurance Company of America, a.k.a. The Guardian, or Guardian Life.

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Nationwide and Beam Insurance Services LLC are separate and a non-affiliated companies.

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National Guardian Life Insurance Company, Two East Gilman, Madison, Wisconsin 53703

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Nationwide Life Insurance Company, One Nationwide Plaza, Columbus, OH 43215

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Vision Service Plan Insurance Company, 3333 Quality Drive Rancho Cordova, CA 95670

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DHMO dental product available in CA, underwritten and administered by California Dental Network, marketed by Beam Insurance Services LLC. Beam Perks™ and Beam Perks rewards program not available for DHMO product members.

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Beam Perks™ is provided by Beam Perks LLC. Eligible members age 4 and up at the time of enrollment are eligible to receive Beam Perks™ and must select their Beam Brush color within 45 days of enrollment to participate. If you do not have a mobile device you can obtain Beam Perks™ by contacting Customer Operations at 1.800.648.1179. Beam Perks™ can be obtained separately without the purchase of an insurance product by visiting perks.beam.dental. Beam Perks™ may be changed at anytime without notice and is subject to availability. See https://www.beambenefits.com/legal/beam-perks-terms-and-conditions for Terms and Conditions.

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Beam Perks™ is a voluntary program. The information provided under this program is for general informational purposes only and is not intended to be nor should be construed as medical advice. You should consult with an appropriate health care professional to determine what may be right for you. Rewards may be taxable. You should consult with an appropriate tax professional to determine if you have any tax obligations from receiving rewards under this program. If any fraudulent activity is detected (e.g., misrepresented brushing activity), you may be suspended and/or terminated from the program. If you are unable to meet a standard related to health factor to receive a reward under this program, you might qualify for an opportunity to receive the reward by different means. Contact us at 1 (800) 648-1179 and we will work with you (and, if necessary, your doctor) to find another way for you to earn the same reward. Availability and rewards may be limited due to incentive limits under applicable law. See https://www.beambenefits.com/legal/beam-perks-terms-and-conditions for full program Terms and Conditions.

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There is no discount associated with the bundling of products.

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Please see plan documents for services that are considered Preventive and Diagnostic.

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Pricing customization may vary based on plan and state specific limitations.

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