Challenges

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  • A growing advertising agency using multiple vendors and open market medical plans.
  • Hiring rapidly and needed to entice talent to join.
  • Needed a rich benefits package to attract top-tier talent.
  • Needed a long-term solution for managing employees.
  • Desired to create a 401(k) to round out the benefits package.

Solutions

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  • Replaced the multiple vendors with just one — the PEO.
  • Put together a benefits package on par with peers.
  • Helped pick plans and contributions that are sustainable.
  • The PEO had an HRIS system for managing employee lifecycles.
  • Implemented a 401(k) that prepared staff for retirement.

Bottom-line

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1
Administration Fees

The group was overpaying for their administration fees because it was bundled together with their SUTA and Workers' Comp. Now it's transparent and in line with their headcount.

2
Insurance Savings

We were able to find comparable plans with Aetna that were half of what they were paying. Workers' Comp cost was reduced by $12,387.12.

3
Overall

We found the client a much better-priced option. We unbundled their costs and found a more suitable PEO solution for their needs.