Is Your PEO Overcharging You?

 

Nationwide Risk is a nationally known marketing and consulting firm specializing in helping clients recover overpayments from their PEO’s.  We look for errors and inaccuracies in the fees clients are paying in an effort to recover past overpayments, as well as secure savings in the future.

Over the past decade, the number of PEO’s has grown tremendously. Today, more than one-third of all companies in the United States use some form of PEO-provided resources, and there are PEO’s in every state. 

In a typical business application, a PEO becomes the employer of record and typically is responsible for the payroll, payroll taxes and benefits of the company.  While these services are valuable and can represent substantial cost savings to a company, it is important for that company to know that it is paying the correct amount. 

The PEO Recovery process works in much the same way as Nationwide Risk’s flagship program, Workers’ Comp Recovery.  There are NO UPFRONT COSTS to the client, as Nationwide Risk works strictly on a contingency basis.

When performing a PEO Recovery Audit, Nationwide Risk will undertake an analysis of the client’s three-year payment history, an overall review of the contract with the PEO and a prospective look at two years forward.  Among the items to be considered are errors and inaccuracies in the fees the client is paying, recommendations on how to recover any past overpayments, and suggestions on how to secure savings in the future.

 

Key Points to Consider…

 

Nationwide Risk specializes in PEO recoveries. In almost every account we look at we have uncovered errors and/or found savings in the fees our clients are paying to their PEO. We analyze a client’s payment history to their PEO and look at the following areas:

  1. Review of PEO contracts to ensure that pricing is correct and that all services are being performed;
  2. Cutoffs of Federal and State Taxes;
  3. SUI and Disability Rates;
  4. Pre-Tax items;
  5. Administrative Fees;
  6. Workers Comp Fees -- including class codes, rates and cutoffs;
  7. Health Insurance rates and billing.
 
 What makes the PEO Recovery analysis so worthwhile?  It’s simple.  We review your company’s past 3 calendar years, the current year and the next 2 years to ensure proper payments have been made and continue to be made. The recovery from past and current payments, as well as the future savings, can be substantial.

Nationwide Risk negotiates with the PEO to ensure that our clients get the best rates possible. More important, there is NO UPFRONT cost to your company! Nationwide Risk works strictly on a contingency basis.  If, for some reason, we can’t help your company recover overpayments or future savings there is absolutely no fee to you! 

Gary Kaufman, Nationwide Risk’s Director of PEO Recovery, has more than 15 years of experience with PEO companies and is an expert in analyzing PEO contracts and their performance for the benefit of clients. The hands-on experience and expertise from Gary and the staff of Nationwide Risk is what your company needs to analyze your PEO contracts and their performance.

 

For additional information on this cost-saving service,
contact Gary Kaufman at
866-580-4202 ext. 151, or via email at:
gkaufman@nationwideriskconsulting.com