Understanding PEO Pricing: Payroll and HR Services

Each PEO in the USA has different capabilities regarding payroll and HR services. At StaffMarket we work to identify the capabilities you need from a PEO so that you are only paying for the services you will use.

Payroll Services Pricing

Payroll Services: PEO service baseline

In general, all PEOs will handle your payroll in an accurate and timely manner. The base price for any PEO’s payroll services should include:

• Accurate calculation of all “gross to net” calculations
• Tax withholding and deductions per employee submitted W4s per federal and state (if applicable) rules.
• Tax withholding and deductions for any relevant local income taxes.
• Withholding and remittance of garnishments and court orders for IRS levies and child support
• Accurate calculation and appropriate tax treatment ( pre-tax / section 125 treatment) of the employee portion of payroll deductions for health insurance or other supplemental insurance.
• Payroll payment method via check or direct deposit. Employees electing direct deposit will receive a pay advice that shows their earnings.
• W2s - annual printing, distribution and electronic submission to the government.

Payroll Services – Additional PEO fees possible

Some PEOs may charge additional fees for enhanced services such as:

• W2 reprints
• Unemployment claims processing
• 1099 year end processing
• Specialty reporting for job costing or certified payroll
• On-line access to payment information or reports
• Payroll delivery. Multiple check delivery locations will usually incur a Fedex charge.

HR Services Pricing

Depending on your needs, each PEO may charge fees on a per-use basis for HR services such as:

• Background Checks
• Pre-Employment Testing
• Recruiting
• Advertising
• Resume Screening
• Interviewing
• Customized Employee Handbooks
• Performance Appraisals
• Rewards and Recognition Programs
• Position Descriptions
• Drug-Free Workplace
• Training (Employee and Managerial)

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StaffMarket works with 453 PEOs with over $23 Billion in annual sales. Join over 107,000 businesses and 1,600,000 employees who are getting quality services and benefits with a StaffMarket PEO.

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5/17/2013
NAPEO Announces Ad Initiative
The National Association of Professional Employer Organizations expands the PEO message.

5/2/2013
Workers Comp Pricing Gets Harder
CFO article about increases in work comp insurance costs and what larger companies are doing to keep costs down.

5/1/2013
Merit Resources Acquired
Merit Resources an Iowa based PEO has been acquired by a telecom company named Iowa Network Services.

4/29/2013
NFIB Survey - Many Top Business Concerns Addressed by PEOs
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4/25/2013
Obama 2014 Budget Proposal - Impact for Employers
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2/6/2013
PPACA Burdens for Businesses
The impacts of PPACA, or Obamacare is now starting to be understood for business owners and managers. The impacts on the productivity of the economy is estimated at 127 million man hours.

1/14/2013
Compass Investment Partners Acquires CoAdvantage Resources
Co-Advantage Resources of Orlando, Florida has been acquired by Compass Investment Partners. Financing for the purchase was through Madison Capital Funding LLC (New York Life), TIAA Cref and Fifth Street Finance.