Services Offered
Services Offered by a PEO
As a co-employer with the client, a PEO provides comprehensive HR solutions for its clients. This allows the business owner and its key employees more time and energy to focus on more important aspects of running their business and managing growth.
The services of a PEO include complete payroll duties, depositing the payroll taxes and filing the quarterly and annual federal and state payroll tax returns. Other services include worker’s compensation coverage for all employees at discounted rates, a group medical plan and a long list of voluntary benefits, and all premiums are paid tax free through the PEO’s flexible spending plan. A PEO also include a safety & risk management department to work with your in-house safety administrator to ensure compliance of safety laws and preparation of the required annual OSHA reporting forms.
Any small business will benefit from a PEO service. The average client size is 20 employees. However, a PEO is capable of serving clients with several hundred employees. Employers with 50 or more employees that receive health benefits must comply with certain rules & regulations per the Affordable Care Act. The PEO assumes this responsibility reducing your exposure to liability and related costs.
One thing we strongly believe in is full disclose of the costs of a PEO quote including a breakdown of the bill rates and estimated costs. This ensures transparency of the costs up front. No surprises. Please review our website at www.peocpa.com. We will appreciate you filling out the brief contact form on our website and accept our call and allow the agency an opportunity to obtain PEO proposals for your ompany. We believe using a PEO will save your company money and relieve you and staff of many nonproductive back-office duties allowing employees more time to focus on productive work activities.
A summary of these specific services include the following:
- Payroll Administration
- Worker's Compensation (WC)
- Employee Benefits
- Safety and Risk Management
- Human Resources
Payroll Administration
- 100% direct deposit or pay cards eliminating paper payroll checks
- Integrated time and attendance system
- Details registers, department or job costing summaries
- Quarterly reporting and payment of taxes to the IRS and State Unemployment Agency
- Manage payroll deductions providing a detailed report each pay period
- Manage PTO, Vacation or Sick Time accruals and balances
- Prepare "Certified Payroll" reports for contractors
- Manage "OCIP" programs for contractors
Worker's Compensation (WC)
- Statutory WC coverage with $1 million in employer's liability for its client's employees
- PEO covers the WC deposit increasing client cash flow
- Prepare monthly reporting to the WC carrier and remit the premiums
- Established "Back to Work" program for any injured workers released to modified duty
- Premiums are included in each payroll billing code referred to "Pay as You Go" eliminating the need for a year-end audit and the surprising charges that generally follow
- WC Carve-out programs available for clients desiring to maintain their own WC policy
Employee Benefits
- Offer and manage Major Medical Coverage at competitive rates, including the management of all employee benefit deductions
- Compliance with the Affordable Healthcare Act including a monthly participant eligibility report (Plans with 50+ participants)
- Flexible spending "Section 125" plans for employees to pay their share of premiums "pre-tax"
- 401(k) plan for employees to save money on a pre-tax basis
- Other voluntary benefits include dental, vision, term life, disability coverage and more
Safety and Risk Management
- Review of existing safety manual and policies and preparation of new or updated documents
- Process all work related injuries by licensed adjuster
- Conduct accident investigation for certain work related injuries
- Preparation of annual OSHA 300 & 300 A logs and calculate incident rates
- Provide proactive risk management services
Human Resources
- Web based on-boarding of new hires
- Process state unemployment claims and manage hearings
- Review existing employee handbook and policies and preparation of new or updated documents
- Administration of FMLA and Non-FMLA claims
- Management of voluntary deductions and wage garnishments
- Background checks, reference checking and other assistance with pre-hire requirements
- E-Verify and state mandated new hire reporting
- Manage General liability Audit by PEO Consulting Services