What Happens If My PEO Is Sold?

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Just like every industry and all types of businesses, sometimes PEOs experience buy-outs or mergers. If your PEO was just sold or is under new management, you’re probably wondering “where does this leave me?”

In most instances, the transition (if properly planned for and managed) from one PEO to another will be painless. However, this doesn’t mean you should sit back, relax, and fail to consider your options. It’s important to review all details regarding the new PEO in advance, as this timeframe is the PERFECT time to shop around.

Here are just a few things to consider…

  • Will the new relationship result in price changes or additional fees in the upcoming months?
  • Will the transitional period require all new documents for W4s, employment applications, I-9s, benefits and enrollment? If so, this can be very time consuming and inconvenient – if you can’t avoid this, you may as well shop around and see what your options are!
  • Will relationships change or will you continue to work with the same personnel you’ve grown to trust and appreciate?

The reality is that your new PEO set-up may not be the best fit or may not have the best pricing structure for your organization’s needs. If you’d like to explore your options, contact Employer Solutions Plus. Our team provides expert strategies in PEO selection as well as PEO transition.

Analyzing Proposals – Which PEO is Best for My Company?

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Did you know that the team at Employer Solutions Plus is available to help you analyze PEO proposals? That’s right; we don’t just put together PEO proposals, we also assist clients that are already halfway through the process!

One of the most difficult tasks can be sorting through countless proposals. You’ve likely already compiled an assessment of workplace needs and wants surrounding employee management and risk management, as well as determined your employee benefits needs.

The first step in analyzing a proposal is making sure that the PEO’s capabilities, services, and benefits align with your requested needs. If they do, add them to your pile of possible PEO candidates. May sound simple enough, but if you’re already halfway through the process you know how large of a time investment sending out RFPs and identifying your workplace needs has already been.

And, selecting the best PEO for your company isn’t often as easy as laying out all the proposals for side by side comparisons. Each PEO will likely come back with customized solutions for your specific needs. Each has its own pricing model, way of conveying data, proposal template and even fine print that you may not 100% understand.

When you do find a PEO whose pricing and services stand out amongst the rest, it is recommended that you verify financials including bank and credit references and ask the PEO to show proof of payment history surrounding payroll taxes and insurance premiums. Then of course comes the fine print – Will you be able to cancel the contract if better rates come along or terms of the contract are not met? Who is responsible for each type of liability, you or the PEO?

Our dedicated staff of PEO experts can prepare a custom analysis of proposals for you upon request and we’ll review all of the above, and then some! If we don’t see the perfect fit, Employer Solutions Plus can also offer some alternatives.

Clients of Employer Solutions Plus save themselves time, money, and stress. Call today to take the guesswork out of PEO proposal analysis: 727-698-6207.