Technology Company PEO Case Study
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Case Study
Scenario: Tech Company is currently using open market business solutions and benefits. They are conducting in-house HR service and support. The Firm currently utilizes PayChecks for Payroll and additional brokers for Medical, Dental, WC, and 401-K.
The Tech Company is looking to reduce their benefit costs, provide fortune 500 benefits to attract and retain talent, and have a full-service solution which includes a single-source provider
Dinsmore Steele delivered an optimal PEO solution to produce maximal cost savings while providing richer benefit plans and enhanced business solutions.
Type of Firm: Technology Company
Site/s of Operation: New York, NY | Alexandria, VA | Miami, FL | Tuscan, AZ
Initial # of Employees: 15
Current Payroll: $1,200,000
Current Challenges:
• Multi-Provider Management
• Current Health Carrier eliminating enrolled plan
• Multi-State Compliance and HR Services & Support
• Risk Mitigation
Solution: Open Market to PEO
End Result: Implemented full-service PEO solution and reduced overall costs by $12,842.29