Forma
Fremont, California, United States
What it is
Forma is a platform employers use to design and administer customizable employee benefits, including pre-tax and post-tax spending accounts. Employers can set account types, eligibility, and whether funds recur, are single-use, or depend on milestones. Listed account types include HRA, HSA, FSA, Commuter, Employer-Subsidized Account, and Lifestyle Spending Account. Employees access benefits through the Forma Store, Forma Card, or claims reimbursement. The Store is a curated marketplace for lifestyle and wellness products and services, while the Forma Visa Debit Card works wherever Visa is accepted; many eligible payments are adjudicated automatically without receipts. A dashboard reports budgets, usage, and claim approvals. Forma lists 40+ HRIS integrations, including Workday, ADP, UKG, and Paylocity, along with SCIM and file feeds. It supports SAML2 authentication and preconfigured apps for major SSO providers. Forma 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.
For and against
For
- Supports six listed plan types.
- Employers can configure eligibility and fund schedules.
- Dashboard reports budgets, usage, and claim approvals.
- Offers 40+ HRIS integrations.
Against
- Pricing is available only on request.
- Forma is not a bank.
- Banking services are provided by Thread Bank.
The verdict
Forma brings benefit account configuration, spending options, and reporting into one platform. Organizations should request an Order Form for pricing and note that banking services come from Thread Bank.
Who it suits
Forma is aimed at employers, benefits professionals, employees, and brokers. It may suit organizations coordinating multiple account types and related eligibility and administration.
Plans and prices
Forma flexible benefits platform
Pricing depends on the contracted Order Form
Read 7 Oct 2026 · joinforma.com
On the record
- Account setup
- Employers can configure account types, eligibility, and whether funds recur, are single-use, or are tied to milestones.joinforma.com · read 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 · read 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 · read 7 Oct 2026
- Integrations
- Forma says it offers 40+ HRIS integrations, including Workday, ADP, UKG, and Paylocity, plus SCIM and file feeds.joinforma.com · read 7 Oct 2026
- Mobile apps
- Forma links to iOS and Android apps from its website.joinforma.com · read 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 · read 7 Oct 2026
- Privacy
- Forma says it is committed to compliance with applicable data, health, GDPR, and financial privacy laws.joinforma.com · read 7 Oct 2026
- Reporting
- The platform dashboard reports on budgets, usage, and claims approvals.joinforma.com · read 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 · read 7 Oct 2026
- SSO
- Forma supports SAML2-compliant authentication and preconfigured applications for major SSO providers.joinforma.com · read 7 Oct 2026
- Support
- Forma offers a Help Center and describes member support as part of its benefits platform.joinforma.com · read 7 Oct 2026
- Ways to spend
- Employees can use the Forma Store, Forma Card, or claims reimbursement to access benefits.joinforma.com · read 7 Oct 2026
- 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 · read 7 Oct 2026
- Who it serves
- Forma describes its platform as serving employers, benefits professionals, employees, and brokers.joinforma.com · read 7 Oct 2026
