Partnering with Surety HR will not force you to lose control over your employees. As a client of Surety HR, your company will continue to act as the worksite employer, retain supervision of your employees and management of your business.
Professional Employer Organizations (PEOs) provide human resource services to their small business clients. PEOs pay wages and taxes, assume responsibility and liability for compliance with state and federal laws and regulations as well as workers’ compensation. PEOs also provide workers with access to 401(k) plans, health, dental and life insurance that are not typically provided by small businesses.
Most insurance carriers will continue coverage when working with Surety HR. A discussion with your insurance broker along with a review of your insurance policy should be conducted as a matter of due diligence.
Entering a PEO agreement with Surety HR will not affect an existing union contract. Entering a PEO agreement with Surety HR will not make an existing union contract invalid or non enforceable.
A company entering a PEO agreement with Surety HR needs to retain their workers’ compensation policy with the Ohio Bureau of Workers’ Compensation. The amount of payroll reported under the company’s policy will depend on the PEO agreement with Surety HR. If a company has all of their payroll reported under Surety HR, the company will report $0 in payroll to the Ohio Bureau of Workers’ Compensation.
Most companies can keep their existing 401(k), health insurance, and dental plans. A careful examination of the companies 401(k), health insurance, and dental plan provisions should be reviewed to determine what (if any) notification needs to be made to any providers. If a provider cancels a 401(k), health insurance, or dental plan, Surety HR can provide these services or assist in finding replacement plans.