Employee Benefits Administration and Consulting Company

A PEO (Professional Employer Organization) serves as an employee benefits administration and consulting company that helps your company attract prospective staff with a comprehensive benefits package. A PEO helps the client company offer great benefits in an affordable manner and in a way that complies with Federal and State regulations. Cost-efficient administration of benefits is one of the major advantages of collaborating with a PEO.

List of Benefits

The comprehensive benefits package offered by a PEO generally includes employee health benefits and insurance plans (PPOs, HSAs), individual retirement accounts solutions, retirement planning, dental and vision care, long term and short term disability insurance, cancer, accident, hospital and other supplemental plans, education saving plans, adoption assistance, cafeteria plan, flexible spending accounts, individual coverage, employee voluntary benefits programs, and prescription drug plans.

Advantages of a PEO

PEOs also review the benefit plans already offered by the client company and improve on them. PEOs are also well-equipped to solve benefit plan issues. The advantage of hiring an employee benefits administration and consulting company is that the client company gets access to competitive rates for insurance plans and other schemes, leading to the cost-effectiveness of the whole endeavor.
With an employee benefits administration and consulting company by your side, your company can be a force to reckon with in the job market and also increase its chances of retaining the skilled professionals working for you. PEOs also offer other HR outsourcing solutions that go a long way in ensuring streamlining of business processes and greater profitability for the client company.