The goal of a Professional Employer Organization (PEO) is to take care of your HR needs so that you can focus on growing your business. By offering a range of employment-related services, PEOs help businesses reduce labor costs and increase their profitability. You can partner with a PEO to handle all of your human resources, risk management, payroll, and tax administration needs as well as your employee benefits administration. Whether you are starting or growing your business, partnering with a PEO to administer your employee benefits program has three advantages:
1. A PEO can offer more insurance options
By pooling your company’s employees with other small businesses, PEOs are able to provide competitive rates for employee benefits and better insurance options. A PEO will negotiate a comprehensive benefits package and offer your employees the options they want with the top carriers they know and trust. Benefit programs can include major medical, wellness and mini-med programs, in addition to dental and vision plans, life insurance, short and long-term disability insurance, and other ancillary type insurances.
2. PEOs offer tax qualified plans
In addition to health insurance and voluntary and supplemental plans, PEOs also offer 401(k) plans which are attractive for business owners in terms of administrative time and costs.
3. A PEO will handle the headaches of benefits administration
Once your employees are enrolled in a benefits program, your PEO will be there to answer their questions regarding benefits and ensure that everything is taken care of when there is a life-changing event such as marriage, divorce, or having a child. In addition, PEOs ensure that you are up-to-date with tax and regulatory reporting and help you improve your employment practices.
As a PEO, Delta Administrative Services offers a wide range of services. We understand that every company is different. We can create specific, successful programs based on your needs. Businesses across America have discovered the incredible value of PEOs because they offer access to a comprehensive employee benefits package, allowing them to be competitive in the labor market and get relief from the burden of employment administration. It’s time to focus on the growth of your business and leave the rest to us. Contact us today to learn more about how we can help you grow your business.