Outsourcing made easy with iPEO Solutions
The iPEO Difference
Today’s business world is complex and companies no longer fit as easily into the traditional Insurance “box” that was once a viable option. On a similar note, not all PEOs are created equal- certain PEOs are more competitive in various niches than others. Our unique process combines the best of traditional Insurance agency and PEO offerings to deliver customized, cost-efficient, and scalable solutions to meet the complex needs of our clients. In addition to being PEO brokers, we are licensed Insurance brokers which allows us to mix and match traditional Insurance with PEO and truly advise our clients...Read More
PEO vs Insurance
Traditionally, business owners rely on their Insurance agent to find them the best Workers Comp and Employee Benefits plans. Insurance agencies represent a wide variety of customers whose businesses are all very different. Insurance agents pair a business with a carrier. PEOs absorb businesses into their master health plan and master Workers Comp policy. This allows small to mid-size companies to achieve better pricing through economies of scale, as well as access the wealth of administration and support services offered.
Naturally, Insurance agencies and PEOs view each other as competitors for Workers Comp and Employee Benefits. Because of this, Insurance agents and PEO reps compromise their client’s best interests by serving their own agendas. Insurance agents often take a reactive approach when having a PEO conversation with their clients.
BROKERAGE SUCCESS STORIES
BROKERAGE REQUIRED DATA
Workers Comp & Risk Management
- Copy of declaration page, incl. legal name(s), FEIN(s) and schedule of all locations.
- Currently valued Workers' Compensation Loss Runs for 3-5 complete years plus present policy period.
- Annualized Payrolls by Class Code by State as well as total payrolls by year.
- Copy of Corporate Safety Plan
- Acord Form
- iPEO Needs Analysis
Employee Benefits
- Copy of Employee Census, including current Plan Summary and the most recent invoice/billing reflecting current cost of plan for all group/voluntary plans.
- If currently in a PEO relationship provide most recent invoice.
- Copy of Retirement program plan docs.
- Group Health Questionaire
- Employee census
Human Resources
- Copy of any EEOC and/or other government agency complaints (EPL claims, if any.) Copy of EPLI policy, if coverage exists.
- Obtain hard costs of current annual HR personnel costs and HRIS software expenses.
- Copy of Employee Handbook.
- Copy of HRM system.
Payroll Administration
- Copy of last UCT-6.
- Copy of the SUTA tax filing for the last full quarter. Provide the current SUTA rate.
Insurance
iPEO Solutions is a Joint Venture Partnership Agreement with Baldwin Krystyn Sherman Partners (BKS), a Baldwin Risk Partners’ award winning flagship firm. Through this Joint Venture, iPEO Solutions combines its deep PEO expertise with customized market Insurance solutions to deliver a truly agnostic and consultative outcome for our clients.
BKS is an award-winning independent Insurance brokerage firm providing private Risk Management, commercial Risk Management, Employee Benefits, and Vitality™ programs to clients wherever life takes them throughout the U.S. and internationally. Commercial Insurance & Risk Management services including claims consulting, loss control & analytics.
Advisory & Brokerage Services
- Commercial Property & Casualty Insurance
- Commercial Risk Management
- Employee Benefits
- Private Risk Management (High Net Worth Individuals)
- Personal Insurance
- Asset & Income Protection (Life)
- Wellness, Safety, & Risk Engineering
- Medicare
- Predictive Analytics and Actuarial Services
HRO, ASO, & HCM
As our clients grow, we scale
When our clients outgrow their PEO relationship, we are standing by to help. If a business finds itself to be large enough to buy Employee Benefits and Workers Comp alone they may only want to use a partner for Payroll & HR. This is called HRO. If a client decides it’s HR needs are very light and that it does not need any support or outsourcing, they may opt only for payroll in an ASO model.
Businesses outgrow their vendors and partners constantly as their needs evolve. We are committed to scaling with our clients and providing best in class solutions at each phase of the business life cycle. This is evident in our success stories many of which are 15+ year relationships.
Benefits of HCM technology include:
- Enhance in-house ability to comply with Health Care Reform requirements
- Reduce administrative burden through automation
- Connect workforce goals to your corporate goals with a custom action plan
- Adaptable to current technology
This solution is for employees who want to merge the following into one solution
Focus Industries
iPEO Solutions serves client companies ranging from 25 employees all the way up to 10,000 employees. We have diverse PEO and Insurance partners for a variety of industries and company sizes. iPEO has specialized understanding of the challenges facing companies of the following industries, and solutions to overcome them.
Senior Living & Longterm Care
- Independent Living, Assisted Living,Skilled Nursing, Home Health, Hospice, CCRC
Franchises
- Corporate franchisor solutions
- Preferred solutions for new franchisees
Real Estate
- Property Management including Building Maintenance, Janitorial Services
Transportation
- Transit Authorities, Long Haul, Short Haul, Livery, Trucking
Private Equity
- Streamline portfolio company operations
- Onboard new employees quickly
- M&A Due Diligence & Jurisdictional Insight
Hospitality
- Restaurants, Bars, Clubs, QSRs, Fast Casual
- Hotels, Motels, Resorts, B&B
- Hospitality Management and Operators Previous
Construction
- Artisan contractors including Electricity, Plumbing, Carpentry, Mechanical Masonry, Roofing, etc.
- High Hazard
We’re very approachable and would love to speak to you.
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