A PEO provides HR, Payroll, Health Insurance, worker’s compensation, and other employee related benefits. Partnering with a PEO, may be a good option for small businesses that need help managing many details involved in overseeing a workforce. A PEO can help with providing employee benefits, workers compensation insurance, compliance, technology, tax filing, HR and administrative support and much more.
Frequently Asked Questions
What is a PEO?
It stands for Professional Employer Organization, it is a co-employment partnership that allows employer groups to outsource the HR and compliance burden while gaining access to fortune 500 benefits.
What is co‐employment?
Co‐employment means that the PEO will employ your company’s employees and pay them through their Tax Identification Number (TIN) allowing your company to access the PEO’s benefit portfolio and cover the company under its Workers’ Compensation insurance.
What services does a PEO provide?
Services vary from PEO to PEO, however typically services include; full employee benefits, including core products, voluntary products and retirement plans.
Workers Comp, EPLI, Tax filing, Benefit administration support, compliance regulations, payroll.
Who is responsible for employee related issues in a PEO?
Most PEO’s share the responsibility as co-employers, so therefore PEO’s can limit liability and vulnerability by providing legal advice as well as implementing safety protocols and procedures to reduce company risk.
With one of our expert Benchmark Planning members
