Improved Benefits
PEOs help tens of thousands of companies provide benefits such as healthcare plans, 401(k) tax-free savings accounts and other perks to working Americans. Forty percent of businesses that use PEOs upgrade their benefit packages as a result. PEO sponsored benefit programs can include major and supplemental healthcare choices, including vision and dental care, employee assistance programs and even adoption assistance. Workers at small businesses with access to a 401(k) dropped from 28 percent to just 19 percent, the Small Business Administration estimates. However, an estimated 95 percent of workers in a PEO arrangement have access to a pension plan.
These statistics are brought to you by NAPEO, the National Association of Professional Employers Organizations.