Freedom251 › Benefits Administration Software

Forma

Paid AndroidAPIiPhoneWeb

What Forma is

Forma is a platform employers use to design and administer customizable benefits, including pre-tax and post-tax spending accounts. Employers can set account types, eligibility, and funding rules, such as recurring funds, single-use funds, or funds tied to milestones. Employees access benefits through the Forma Store, Forma Card, or claims reimbursement. The Store offers lifestyle and wellness products and services without stated out-of-pocket spending or receipts; many eligible Forma Visa Debit Card payments are automatically adjudicated without receipts. A dashboard reports budgets, usage, and claim approvals. Listed account types include HRA, HSA, FSA, Commuter, Employer-Subsidized Account, and Lifestyle Spending Account, with payroll deductions and COBRA administration also listed. Forma offers 40+ HRIS integrations, along with SCIM, file feeds, SAML2 authentication, and preconfigured applications 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 suits

Forma describes its platform for employers, benefits professionals, employees, and brokers. Its account configuration and reporting tools may suit organizations administering multiple benefit types.

What it does well

Configurable account types, eligibility, and funding rules
Supports HRA, HSA, FSA, commuter, and lifestyle accounts
Employees can use a store, card, or reimbursement
40+ HRIS integrations, plus SCIM and file feeds
Dashboard reports budgets, usage, and claim approvals

What to know first

Pricing is available on request
Forma is not a bank; Thread Bank provides banking services

Plans

Plan	Billed and limits	Price
Forma flexible benefits platform	Custom fees are specified in an Order Form; subscription fees are billed annually unless otherwise specified. · Pricing depends on the contracted Order Form	On request

As joinforma.com lists them, read 7 Oct 2026. The maker's own page has the final word.

Getting started

Visit the Forma website to learn about the platform.
Request pricing for the Forma flexible benefits platform; fees are set in a contracted Order Form.
Configure account types, eligibility, and whether funds recur, are single-use, or are tied to milestones.
Set up access through the web platform, iOS app, Android app, or API.
Connect HR systems or SSO using the supported integrations and authentication options.

Verdict

Forma combines customizable employee benefit accounts with several ways for employees to use them and tools for administrators. Organizations should request pricing and note that banking services are provided by Thread Bank.

Questions

How much does Forma cost?

Pricing is on request and depends on the contracted Order Form. Subscription fees are billed annually unless otherwise specified.

Which benefit account types does Forma support?

Listed types are HRA, HSA, FSA, Commuter, Employer-Subsidized Account, and Lifestyle Spending Account.

Which platforms can employees use?

Forma is available on web, iOS, Android, and API. Its website links to iOS and Android apps.

What HR and identity integrations are available?

Forma says it offers 40+ HRIS integrations, including Workday, ADP, UKG, and Paylocity, plus SCIM and file feeds. It supports SAML2-compliant authentication and preconfigured applications for major SSO providers.

Is Forma a bank?

No. Forma says it is a financial technology company, not a bank; banking services are provided by Thread Bank, Member FDIC.

Who does Forma serve?

Forma describes its platform as serving employers, benefits professionals, employees, and brokers.

Facts from Forma's own pages

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
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
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
Headquarters: Fremont, California, United States · joinforma.com, 28 Sept 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
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
Privacy: Forma says it is committed to compliance with applicable data, health, GDPR, and financial privacy laws. · joinforma.com, 7 Oct 2026
Reporting: The platform dashboard reports on budgets, usage, and claims approvals. · 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
SSO: Forma supports SAML2-compliant authentication and preconfigured applications for major SSO providers. · 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
Ways to spend: Employees can use the Forma Store, Forma Card, or claims reimbursement to access benefits. · joinforma.com, 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, 7 Oct 2026
Who it serves: Forma describes its platform as serving employers, benefits professionals, employees, and brokers. · joinforma.com, 7 Oct 2026

Where Forma stands on Freedom251

Benefits Administration Software#14 of 48
Employee Perks Software#7 of 16