I am the business manager for a small (10 person) firm, and primarily manage the financial and HR functions within the firm. We currently use ADP through our accounting and bookkeeping firm for payroll services. We have a local broker that helps us with our health insurance for three of our 7 full-time employees who are eligible for benefits. We have workers compensation insurance through ADP and Long Term and Short Term disability through a separate agency.
I am looking <g class="gr_ gr_1178 gr-alert gr_gramm gr_inline_cards gr_disable_anim_appear Grammar multiReplace" id="1178" data-gr-id="1178">at</g> the Personal Employment Organization (PEO) option that will provide a stronger health insurance policy offering for a lower premium. However, the administrative fee is significant. We can also add a 401K program, that we don't currently have but want to add, through the PEO. I can see some positives in the PEO approach, but don't know the negatives.
I would like to hear others experience with the PEO approach and any pros and cons that may be offered.
Thanks
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Eric Anderson AIA
COO
Smartegies, LLC
Atlanta GA
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