Either they’re too small of a group to obtain coverage on their own, or they’re stuck with incredibly high rates for benefit options that can’t begin to compete with the bigger players in their industries. This is the reality for many small businesses, but it doesn’t mean your company has to settle for low-quality or overpriced benefit plans.
Small businesses that partner with a professional employer organization (PEO) find that high-quality, affordable group benefits are well within their reach – that’s right: benefits small businesses can actually afford.
How does it work?
Under a Professional Employer Organization (PEO) arrangement, an employer enters a co-employment relationship with the PEO. This arrangement allows the PEO to perform many of the tedious administrative tasks associated with being an employer (payroll administration, benefits reconciliation, etc.) on the employer’s behalf.
When it comes to benefits, things become even simpler: PEOs are able to leverage the total number of all of their clients’ employees in order to procure employee benefits at rates small businesses would never be able to negotiate for themselves. PEOs are also able to provide a wide array of benefits for small businesses to choose from: everything from group health insurance to identity theft protection.
PEOs also take on the burden of administering benefits plans, something most small businesses don’t have the resources or time to manage internally.
G&A Partners’ team of benefits experts can help you sidestep the “small business benefits” barrier and get access to the high-quality, affordable benefits you and your employees deserve. With a wide range of benefits options to choose from, top-tier carriers and a team of benefits experts ready to handle all of the paperwork, we make it easy to create a benefits package that meets your company’s budget. So, from enrollment to administration and everything in between, G&A Partners has you (and your employees) covered.