How Do I Compare PEOs?

The HRO/PEO purchasing process can be complex. Here are some things to consider:

• According to NAPEO (National Association of Professional Employer Organizations), there are 523 PEOs in the United States.

• The PEO industry serves 208,000 clients, representing 17% of all employers with 10 to 99 employees.

• Total employment represented by the PEO industry is comparable to the workforce of the four largest U.S. employers combined.

How to choose the right PEO?

Narrowing down your options can be overwhelming, but this is where working with the right HRO/PEO Advisor can streamline the process and help you make the best decision for your business.

Why Don’t More Companies Get HRO/PEO Quotes?

There are several reasons why businesses might hesitate to get HRO/PEO quotes:

• Misinformation from insurance brokers: Some insurance brokers claim PEOs are bad for businesses, often to protect their own commissions.

• Time concerns: Many businesses believe getting a quote is time-consuming. In reality, working with the right HRO/PEO Advisor minimizes your effort.

• Loyalty to insurance brokers: Some businesses think getting a PEO quote is like getting another insurance quote, but it’s different. PEOs provide access to bulk buying power that brokers can’t offer.

• Old quotes: If you got a quote years ago, things may have changed significantly due to new regulations and advances in technology.

• Liability under ERISA: Recent court rulings have made business owners personally liable if they don’t ensure they’re getting the best deals for their employees.

What Is the Process for Getting an HRO/PEO Quote?

The process of getting an HRO/PEO quote can be simplified by working with an experienced advisor. We guide you through:

• Comparing providers

• Ensuring the right fit for your business

• Reviewing the terms and conditions to make the best choice

Why Is It Cheaper to Use an HRO/PEO Advisor?

Working with an HRO/PEO Advisor doesn't cost more than going directly to the PEO. In fact, an advisor helps you access bulk purchasing and other benefits that are unavailable if you deal directly with PEOs or insurance companies.

What Is a CPEO, and Why Is It Important?

CPEO stands for Certified Professional Employer Organization. CPEOs meet strict IRS guidelines, ensuring they meet tax compliance and other regulatory standards. This adds an extra layer of security and reliability when working with a PEO.

Is Technology Integrated with PEOs?

Absolutely! Technology has revolutionized the PEO industry. Many PEOs offer fully integrated solutions that streamline HR management, payroll, and compliance. The right technology can save time and reduce costly errors.

Do PEOs Protect Us From Fines, Penalties, and ERISA Violations?

Yes, PEOs help businesses navigate the complexities of HR compliance, including ERISA (Employee Retirement Income Security Act) regulations. By partnering with a PEO, businesses can reduce their risk of fines and penalties.

Why Is a PEO Cheaper Than Going Directly to an Insurance Company?

PEOs offer businesses the ability to access bulk pricing for benefits, which can significantly reduce costs compared to working directly with an insurance company. This is one of the key advantages of working with a PEO through an advisor.