Challenges

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  • Admin fee was bundled - $344.40 per employee per month.
  • They did not use any of the services they were paying for.
  • Had chosen the wrong plans for their employees - couldn't change.
  • Had their 401-k outside of the PEO.
  • They had never looked at another PEO.

Solutions

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  • Admin fee was bundled - $344.40 per employee per month.
  • They did not use any of the services they were paying for.
  • Had chosen the wrong plans for their employees - couldn't change.
  • Had their 401-k outside of the PEO.
  • They had never looked at another PEO.

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.