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.
A summary of these services include the following:
Payroll Administration
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Payroll checks, direct deposit or pay cards
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Details registers, department or job costing summaries
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Quarterly reporting and payment of taxes to the IRS and State Unemployment Agency
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Manage payroll deductions providing a detailed report each pay period
Worker's Compensation (WC)
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Statutory WC coverage with $1 million in employer's liability for its client's employees
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PEO covers the deposit increading client cash flow
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Prepare monthly reporting to the insurance carrier and remit the premiums
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Established "Back to Work" program for any injured workers released to "light" or modified duty
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Premiums are included on each payroll invoice referred to "Pay as You Go" eliminating the need for a year-end audit and the surprising charges that generally follow
Employee Benefits (optional)
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Offer and manage major medical group plans such as a PPO, HMO and HDHP at competitive rates
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Compliance with Obamacare reporting requirements
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Flexible spending "Section 125" plans for employees to pay their share of premiums "pre-tax"
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401(k) plan for employees to save money on a pre-tax basis
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Other voluntary benefits include dental, vision, term life, disability and "meni-med" plans
Safety and Risk Management
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Review of existing safety manual and policies and preparation of new or updated documents
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Process all work related injuries by an in-house licensed adjuster
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Conduct accident investigation for certain work related injuries
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Preparation of annual OSHA 300 log and calculate incident rates
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Provide proactive Risk Management Services
Human Resources
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Process state unemployment claims and manage hearings
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Review existing employee handbook and policies and preparation of new or updated documents
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Administration of FMLA claims
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Management of voluntary deductions and mandatory wage garnishments
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Background checks, reference checking and other assitantance with pre-hire requirements