PEO/Employee benefits

searcher profile

June 02, 2023

by a searcher from University of Virginia-Darden - Darden School of Business in Miami, FL, USA

Looking for feedback/recommendations for a PEO. Trying to find an economical way to offer my small team benefits, most importantly healthcare, without having to have a full HR/Benefits team. Anyone have any success in this area?

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commentor profile
Reply by a professional
from Seton Hall University in Morristown, NJ 07960, USA
Hi ^redacted‌! A lot to consider but you are on the right track at least exploring the PEO world. I have had success with several different PEO's and sometimes it comes down to your industry. So you definitely need to shop. I would speak to ^redacted‌ who answered above and if you would like some other connections to compare, feel free to reach out to me at redacted Happy to help you explore. I saw a note above about fees which is absolutely true and sometimes you have to consider whether the PEO is a good one for your industry. Good luck...Rich V.
commentor profile
Reply by a professional
from University of Michigan in Detroit, MI, USA
Not all PEOs are created equal, unfortunately. Many are not as economical as they may appear. (Some are notorious for hidden fees.) I would echo what someone else already mentioned, a traditional broker is not necessarily more work, Especially if you are a small group. If your group is under 50 employees, the rates are age-banded and filed with the State. This means that the renewal process is extremely straight-forward. There is no negotiation and virtually no shopping. You can totally have it on autopilot.

I would recommend a PEO if, say, you are dealing with a group of less than 15 employees, without plans on further growth.
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