Payroll, HR and Employee Benefits For Your Law Firm

PEO Services For Attorneys

Why Use A PEO Service?

Those in the legal industry understand the value in limiting liability when possible. For almost 50 years now, employee leasing services - also known as PEOs (Professional Employer Organizations) have allowed employers to do just that. Outsourcing payroll and HR services to a PEO places the employer of record status on their shoulders in this "co-employment" relationship. Some of the other benefits in using a PEO company include:

PEO Employee Benefit Offerings

With almost one thousand employee leasing and PEO service providers throughout the country, each is unique in their benefit offerings and pricing. Based on popular and accessible networks, one PEO may provide Blue Cross Blue Shield healthcare plans, while another may utilize Aetna. Plan rates and deductible options will often vary dramatically as well, based on management of claims within the PEOs master health plan.

Who Uses A PEO Company?

PEOs provide services to 175,000 small and mid-sized businesses, employing 3.7 million people. The industry has grown considerably in the past few decades, with more than 900 PEOs now in the U.S. alone. PEOs can benefit almost any industry, and work in almost every state.

How Much Do PEO Services Cost?

For starters, think of a PEO as a group of people to manage all your employment related administrative issues, but paying less than it would cost for one person. An employee leasing company's administrative fees run between 2% - 4% of your annual payroll on average. For example, a trucking business with 15 employees and a $500k annual payroll, would pay $10k at 2%.

As you can imagine, the difference in costs is based on the amount of work performed. If employee benefits are involved, with reporting of ACA compliance documents, COBRA administration, 401k management, etc - all will have an affect on pricing structures. But even at 4% - it's impossible to find a professional to manage payroll, risk management and all these tasks for $20k a year.

Why ELQ?

Because we've done the research and vetting on hundreds of PEOs since 2001, so you don't have to! Plus, thousands of others have and you'll know within minutes how a PEO service could impact your business. Looking to build a better employee benefits package? We can help. Ready to outsource payroll liabilities? We have solutions. Give us a call and let's find out how a PEO could benefit your business.