Scalable PEO Services for All Business Sizes

• Complete HR Support: Our PEO services encompass all aspects of HR management, freeing up your time to focus on core business operations.
• Cost-Effective Solutions: PEOs negotiate benefits and services as a large unit, securing savings on healthcare and other perks typically available only to large companies.
• Expert Compliance Management: We handle compliance with COBRA, HIPAA, OSHA, and ERISA, ensuring your business adheres to all regulatory requirements.
• Enhanced Benefits: Access to robust healthcare plans, 401(k) options, dental insurance, and disability benefits, typically reserved for larger companies.
• Efficient Payroll Processing and Tax Administration: Streamlined payroll processing and tax administration services.
• Certified HR Professionals: Our team of certified HR professionals is dedicated to providing expert guidance and support.

A PEO offers a full-service HR solution, establishing a co-employment relationship that optimizes HR functions and reduces costs. In contrast, an HRO provides temporary, often less comprehensive, HR support. PEOs centralize HR tasks, making them ideal for small business owners managing multiple responsibilities.

Co-Employment Benefits

• Lower Benefits Costs: Pooling employees from various companies results in lower benefits costs and reduced HR service expenses per employee.
• High-Quality Benefits: Small businesses can offer benefits typically available only to larger companies, enhancing employee satisfaction and retention.

PEOs benefit businesses of all sizes, especially those with 20-75 employees, by:

• Freeing Up Employer Time: Focus on core operations without the burden of HR tasks.
• Securing Better Benefits Packages: Enhanced employee satisfaction and retention through comprehensive benefits.
• Managing Payroll and Compliance: Handling the complexities of payroll and tax regulations efficiently.
• Supporting Growth: As businesses expand, PEOs ensure HR functions scale effectively.

When selecting a PEO, consider:

• Certification: Ensure the PEO is a Certified Professional Employer Organization (CPEO) by the IRS.
• Benefits Offered: Look for competitive 401(k) and insurance plans, along with additional benefits like telehealth services.
• Ongoing Support: A good PEO provides continuous support and handles billing reconciliation.
• Cost of Services: Competitive rates based on industry trends.

Small business owners juggle numerous responsibilities while striving to bring their innovative products or services to market. Managing HR, payroll, and benefits often falls to the bottom of the priority list.

Benefits of Partnering with a PEO

• Efficiency: Outsourcing HR tasks to a PEO allows business owners to focus on strategic planning and growth.
• Comprehensive Support: PEOs offer a complete HR solution, providing high-level support without diverting resources from core business activities.
• Practicality: Hiring a single HR employee is often impractical for small businesses. A PEO offers expert HR services cost-effectively.

By partnering with a PEO, small businesses can enjoy excellent HR solutions that enhance both business operations and employee satisfaction.

Advantages of Using a PEO for Benefits

• Hassle-Free Contract Negotiation: PEOs negotiate the best benefits and rates for small businesses by leveraging their large client base and industry trend analysis.
• Tailor-Made Healthcare Packages: PEOs offer diverse healthcare options, including mental health benefits and leave policies, tailored to meet specific employee needs.
• Customer Service and Technology: PEOs handle employee benefit inquiries directly, using online platforms for easy access, freeing up in-house HR resources.
• Ongoing Counsel: PEOs continuously update and optimize employee benefits packages through ongoing research and support.
• Employee Attraction and Retention: High-quality benefits from PEOs help small businesses attract and retain top talent, reducing turnover rates.
• Health and Wellness Support: PEOs provide comprehensive health and wellness programs that small businesses might find too complex to manage independently.

Ready to enhance your benefits packages? Contact LBMC Employment Partners today to see how we can help your business.

The HR Consequences of Accelerated Growth

As small businesses grow, managing HR becomes increasingly complex and time-consuming. Initially, payroll, healthcare, and retirement can be managed by the business owner, but as staff increases, these tasks can overwhelm in-house employees.

Key Challenges

• Increased Staff Issues: More employees lead to more HR-related issues that need attention.
• Overburdened Staff: Juggling HR tasks with primary responsibilities can result in errors and overlooked details.
• Risk of Mistakes: Late paychecks, confusing benefits, and incorrect tax withholdings can damage team trust and business integrity.
• Talent Retention: Mismanaged HR can drive employees to seek stability at larger companies.

To prevent these issues, consider outsourcing HR to ensure smooth operations and maintain employee satisfaction.

LBMC Employment Partners has partnered with Blue Cross Blue Shield of Tennessee to provide PEO clients with PhysicianNow, offering 24/7 access to board-certified physicians at no additional cost. This service allows employees covered under the company’s health insurance to consult with doctors from the comfort of their own homes, addressing non-emergency medical issues such as allergies, asthma, bronchitis, colds, flu, infections, and more.

PhysicianNow is ideal for non-emergency situations, especially when visiting a doctor isn’t convenient, during nights, weekends, and holidays, or while traveling. The service is confidential and can save significant healthcare costs. Patients report high satisfaction, with 97% pleased with their experience and 93% willing to use it again or recommend it to others.

Activating your account is simple: log in to BlueAccess, call 1-888-283-6691, or download the free mobile app. For more information, contact your LBMC EP representative.

Employers using a PEO for tasks like payroll, tax payments, employee benefits, and workers’ compensation should understand the distinction between a CPEO and a PEO.

A PEO acts as the employer of record and files federal taxes on behalf of clients’ employees using its tax ID number. However, some have failed to remit collected payroll taxes to the IRS, leaving clients responsible for unpaid taxes.

The CPEO designation offers additional security by meeting stringent IRS requirements, including ongoing reporting, bonding, and audits to ensure proper tax payments. CPEO clients also benefit from certain tax credits and continued eligibility for federal tax credits. Opting for a CPEO provides greater peace of mind regarding tax obligations and potential benefits.

Parthenon Management Group (PMG) has seen significant benefits from partnering with LBMC Employment Partners since 2005. ‘LBMC EP makes the onboarding and benefit process easier to navigate, allowing our staff to focus on training and client missions,’ says Elizabeth Pulliam, Team Development Manager. Despite the challenges of 2020, PMG grew from 7 to 66 employees, attributing their success to the support and innovation facilitated by LBMC EP.

Many companies benefit from using a Professional Employer Organization (PEO) for their HR functions. However, misconceptions often arise. Here are the top four:

1. Only for Larger Companies. Both large and small businesses save on costs for training, payroll, and group access to healthcare and retirement. Small businesses find these perks invaluable, allowing HR services to grow with the business.
2. Only Manages Payroll. While payroll is a major component, PEOs handle compliance management, workers’ compensation, and employee relations, supporting business growth and major transitions.
3. Not Needed with an HR Manager. PEOs supplement existing HR departments, helping managers stay current on employment laws and focus on employee growth, recruitment, and retention without worrying about compliance and payroll issues.
4. Not Needed for Remote Companies. Even fully remote companies need HR services. Remote teams require focus on payroll, tax compliance, labor laws, employee engagement, and retention. PEOs ensure compliance with current laws and labor trends.

LBMC Employment Partners can customize a plan tailored to your unique needs.

All content and services on this page are offered by LBMC Employment Partners, LLC. LBMC Employment Partners, LLC, is part of the LBMC Family of Companies and is an independent entity with services and products being provided exclusively by LBMC Employment Partners, LLC.