Forma

C tier on Benefits Administration SoftwareScore 6.5 · #8 of 47

Android app: Yes
Free plan: No
Runs on: Android, api, iOS, Web

joinforma.com

Summary

Forma is a platform employers use to design and administer customizable employee benefits, including pre-tax and post-tax spending accounts. Employers can configure account types and eligibility, and choose whether funds recur, are single-use, or depend on milestones. Listed plan types include HRA, HSA, FSA, Commuter, Employer-Subsidized Account, and Lifestyle Spending Account. Employees can access benefits through the Forma Store, Forma Card, or claims reimbursement. The Store is a curated marketplace for lifestyle and wellness products and services; the page says it does not require out-of-pocket spending or receipts. The Forma Visa Debit Card works wherever Visa is accepted, and many eligible payments are automatically adjudicated without receipts. A dashboard reports budgets, usage, and claim approvals. Forma offers 40+ HRIS integrations, including Workday, ADP, UKG, and Paylocity, plus SCIM and file feeds. It supports SAML2 authentication and preconfigured apps for major SSO providers. The platform is available on web, iOS, Android, and API. Pricing is on request and depends on the contracted Order Form. Forma says it is a financial technology company, not a bank; banking services are provided by Thread Bank, Member FDIC.

Who it is for

Forma is aimed at employers, benefits professionals, employees, and brokers managing customizable benefits accounts. It may suit organizations seeking multiple account types and related administration.

What is good

Supports HRA, HSA, FSA, commuter, and lifestyle accounts.
Employers can configure eligibility and funding rules.
Offers 40+ HRIS integrations.
Available on web, iOS, Android, and API.

What to know first

Pricing depends on the contracted Order Form.
Forma is not a bank; Thread Bank provides banking services.

Verdict

Forma brings benefit account setup, spending options, and reporting into one platform. Organizations should confirm custom pricing and consider the stated banking arrangement.

Forma plans and pricing

All plans

Forma flexible benefits platform Not published Custom fees are specified in an Order Form; subscription fees are billed annually unless otherwise specified. Pricing depends on the contracted Order Form joinforma.com · 7 Oct 2026

Compared on benefits administration software

Eligibility rules: Yesjoinforma.com
Plan types: HRA, HSA, FSA, Commuter, Employer-Subsidized Account, Lifestyle Spending Accountjoinforma.com
Payroll deductions: Yesjoinforma.com
COBRA administration: Yesjoinforma.com

Facts

What it does: Forma provides a platform for employers to design and administer customizable employee benefits, including pre-tax and post-tax spending accounts.joinforma.com · 7 Oct 2026
Account setup: Employers can configure account types, eligibility, and whether funds recur, are single-use, or are tied to milestones.joinforma.com · 7 Oct 2026
Ways to spend: Employees can use the Forma Store, Forma Card, or claims reimbursement to access benefits.joinforma.com · 7 Oct 2026
Forma Store: The Forma Store is a curated marketplace for lifestyle and wellness products and services, with no out-of-pocket spending or receipts stated on the page.joinforma.com · 7 Oct 2026
Forma Card: The Forma Visa Debit Card can be used wherever Visa is accepted, and many eligible payments are automatically adjudicated without receipts.joinforma.com · 7 Oct 2026
Reporting: The platform dashboard reports on budgets, usage, and claims approvals.joinforma.com · 7 Oct 2026
Integrations: Forma says it offers 40+ HRIS integrations, including Workday, ADP, UKG, and Paylocity, plus SCIM and file feeds.joinforma.com · 7 Oct 2026
SSO: Forma supports SAML2-compliant authentication and preconfigured applications for major SSO providers.joinforma.com · 7 Oct 2026
Security: Forma states it has SOC 2 Type 2 certification, conducts annual network and application scans, and encrypts data at rest and in transit.joinforma.com · 7 Oct 2026
Privacy: Forma says it is committed to compliance with applicable data, health, GDPR, and financial privacy laws.joinforma.com · 7 Oct 2026
Support: Forma offers a Help Center and describes member support as part of its benefits platform.joinforma.com · 7 Oct 2026
Who it serves: Forma describes its platform as serving employers, benefits professionals, employees, and brokers.joinforma.com · 7 Oct 2026
Mobile apps: Forma links to iOS and Android apps from its website.joinforma.com · 7 Oct 2026
Notable limitation: Forma says it is a financial technology company, not a bank; banking services are provided by Thread Bank, Member FDIC.joinforma.com · 7 Oct 2026