Benefits of collaborating with a PEO
Access to Fortune 500-level employee benefits. Through a PEO, employees gain access to benefits such as health, dental, vision, life insurance, retirement savings plans, employee assistance programs and more.
Increased participation in retirement savings plans. Small companies (fewer than 10 employees) who partner with a PEO have more than 3 times greater participation. For businesses with 10 – 49 employees, 52 percent of a PEO client’s employees have a retirement plan, versus 23 percent in those companies that do not use a PEO.
Assistance from human resource professionals. PEOs provide access to human resource professionals as a part of their services. Through this service, PEOs help businesses comply with federal, state and local employment laws and help their employees better understand their rights and responsibilities. Source: National Association of Professional Employer Organizations (NAPEO)