Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  GOLDMAN SACHS GROUP INC
2. Date of Event Requiring Statement (Month/Day/Year)
09/17/2013
3. Issuer Name and Ticker or Trading Symbol
Benefitfocus,Inc. [BNFT]
(Last)
(First)
(Middle)
200 WEST STREET, 
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10282
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Series A Preferred Stock   (2)   (2) Common Stock 14,055,851 (2) (3) (4) $ (2) I See footnotes (1) (2) (3) (4) (5)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GOLDMAN SACHS GROUP INC
200 WEST STREET
NEW YORK, NY 10282
    X    
GOLDMAN SACHS & CO
200 WEST STREET
NEW YORK, NY 10282
    X    
GS Capital Partners VI Parallel LP
200 WEST STREET
NEW YORK, NY 10282
    X    
GS Capital Partners VI Offshore Fund, L.P.
200 WEST STREET
NEW YORK, NY 10282
    X    
GS Capital Partners VI Fund, L.P.
200 WEST STREET
NEW YORK, NY 10282
    X    
GS Capital Partners VI GmbH & Co KG
200 WEST STREET
NEW YORK, NY 10282
    X    
GS Advisors VI, L.L.C.
200 WEST STREET
NEW YORK, NY 10282
    X    
GSCP VI Advisors, L.L.C.
200 WEST STREET
NEW YORK, NY 10282
    X    
GSCP VI Offshore Advisors, L.L.C.
200 WEST STREET
NEW YORK, NY 10282
    X    
GOLDMAN, SACHS MANAGEMENT GP GMBH
MESSETURM
FRIEDRICH-EBERT-ANLAGE 49
FRANKFURT AM MAIN 60323, 2M 60323
    X    

Signatures

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

/s/ Kevin P. Treanor, Attorney-in-fact 09/17/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman, Sachs & Co. ("Goldman Sachs"), GS Capital Partners VI Parallel, L.P. ("GS Parallel"), GS Capital Partners VI Offshore Fund, L.P. ("GS Offshore"), GS Capital Partners VI Fund, L.P. ("GS Cap Partners VI"), GS Capital Partners VI GmbH & CO. KG ("GS Germany" and, together with GS Parallel, GS Offshore and GS Cap Partners VI, the "GS Funds"), GS Advisors VI, L.L.C. ("GS Advisors VI"), Goldman, Sachs Management GP GmbH ("GS GmbH"), GSCP VI Advisors, L.L.C. ("GSCP VI Advisors") and GSCP VI Offshore Advisors, L.L.C. ("GSCP VI Offshore Advisors" and, together with GS Group, Goldman Sachs, the GS Funds, GS Advisors VI, GS GmbH and GSCP VI Advisors, the "Reporting Persons").
(2) The Reporting Persons hold shares of Convertible Series A Preferred Stock (the "Series A Preferred Stock") of Benefitfocus, Inc. (the "Company"). The Company's amended and restated certificate of incorporation provides that each share of its Series A Preferred Stock is convertible into common stock, par value $0.001 per share, of the Company ("Common Stock") at the option of the holder thereof at any time and will automatically convert into Common Stock upon the closing of the Company's initial public offering of its Common Stock. On the closing date of the Company's initial public offering of its Common Stock all of the shares of Series A Preferred Stock will automatically be converted on a one-for-one basis into shares of Common Stock.
(3) Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate, the 14,055,851 shares of Series A Preferred Stock held by the GS Funds because affiliates of Goldman Sachs and GS Group are the general partner, managing limited partner, managing general partner, managing partner, managing member or member of each of the GS Funds. Goldman Sachs is a wholly-owned subsidiary of GS Group. Goldman Sachs is the investment manager of certain of the GS Funds.
(4) GS Parallel beneficially owns directly 1,804,202 shares of Series A Preferred Stock, which may be deemed to be beneficially owned indirectly by GS Parallel's general partner, GS Advisors VI. GS Offshore beneficially owns directly 5,457,326 shares of Series A Preferred Stock, which may be deemed to be beneficially owned indirectly by GS Offshore's general partner, GSCP VI Offshore Advisors. GS Cap Partners VI beneficially owns directly 6,561,140 shares of Series A Preferred Stock, which may be deemed to be beneficially owned indirectly by GS Cap Partners VI's general partner, GSCP VI Advisors. GS Germany beneficially owns directly 233,183 shares of Series A Preferred Stock, which may be deemed to be beneficially owned indirectly by GS Germany's general partner, GS GmbH.
(5) The Reporting Persons disclaim beneficial ownership of all shares of Series A Preferred Stock except to the extent of their pecuniary interest, if any, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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