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.