As a Colorado Springs business owner, you may be struggling to find the time and resources to provide your employees with the benefits they need. But with the help of a professional employer organization (PEO), you can obtain benefits for your employees without sacrificing your small business’ profits.
At NetPEO, we can help you find a Colorado Springs PEO broker to provide employee benefits services. We have connections throughout several industries, and we’re ready to help you find a PEO that matches your needs.
Reduce the Stress of Benefits Compliance
Keeping your employee benefits compliant with all the latest healthcare regulations and laws is a full-time job in itself. However, having compliant benefits is critical to avoid costly fines and penalties.
Our team of experts stays up-to-date on all Affordable Care Act, COBRA, FMLA, and other compliance regulations. We ensure your plan designs and administration are always in accordance. This includes necessary filings, tracking eligibility and coverage, managing qualifying events, and handling required paperwork. It’s easy to miss deadlines or make mistakes when handling benefits alone.
With a PEO administering your benefits, you receive guidance and support year-round. We alert you to any regulatory changes proactively. This peace of mind allows you to focus on your business operations rather than benefits nuances. Should an audit occur, we have the expertise to respond quickly with organized documentation to minimize liability. Compliance is truly simplified through our full-service assistance. Let our professionals handle this stressful area so you can run your business without this heavy administrative burden.
Lower Healthcare Costs With Group Plans
Controlling the cost of employee healthcare is a top concern for any business. However, obtaining competitive group rates on your own as a small company can be challenging. Through a PEO, you gain access to affordable rates normally reserved for large corporations.
As your PEO benefits partner, we consolidate multiple clients into large risk pools when selecting and negotiating plans. This buying power allows top insurance carriers to provide group discounts they cannot offer individually. By combining resources, administrative fees are also reduced proportionally for all client companies.
In addition to lower premiums, our plans feature rich benefits to retain talented staff. Preventive care is encouraged to increase productivity and reduce long-term costs from chronic issues. You preserve valuable capital through our solutions with lower healthcare costs. Combined with expert guidance, a PEO is a simple way to maximize savings on this often overwhelming expense.
Seamless Onboarding Gets Benefits Started Fast
When adding new employees, getting them promptly enrolled in benefits can be challenging. However, a delayed start date means a lapse in healthcare coverage that may discourage top job applicants. Through our PEO partnership, onboarding benefits are streamlined. We handle required new hire paperwork, confirm eligibility, and select appropriate plan options tailored for the employee.
Within days of the hire date, coverage can be active and cards or documentation issued. Employees receive guidance on using their benefits right away to access necessary care. Watching for new open enrollment windows and qualifying life events is always our responsibility. Employees face no disruption as their coverage is managed proactively by our benefits team.
Whether you’re a growing startup or have hundreds of employees, fast onboarding is consistent. Our technology portals make enrollment a breeze, whether remote or in-office. Seamless benefits administration is key to employee retention.
Can Your Industry Benefit From Colorado Springs PEO Employee Benefits Services?
Every industry can benefit from hiring a PEO. Our team at NetPEO has already helped hundreds of businesses provide better benefits to their employees in multiple industries. Some of the industries we’ve helped so far include:
- Healthcare
- Transportation
- Retail
- Foodservice
- Non-profit and social services
- Staffing and recruiting firms
- IT and technology
- Consulting and professional services
- Facilities management
- Agriculture
- Energy and utilities
- Real estate
Regardless of your industry, you’re going to be too busy at times, which can have a negative effect on your employees. But when you choose a Colorado Springs PEO to handle and scope out new benefits, you can stay on top of your tasks and keep your employees happy.
What Other Tasks Can a Colorado Springs PEO Handle?
In addition to helping you get access to better employee benefits, a PEO can also help you with other HR tasks. A PEO can help you with the following tasks:
Workers’ Compensation
Obtaining workers’ compensation coverage on your own can be a complex process involving many moving pieces to ensure all state requirements are met. Through our PEO partnership, you receive customized workers’ comp insurance tailored specifically to your industry and the needs of your business. We handle all the paperwork associated with obtaining the coverage, such as applications and audits.
If an injury occurs, our experienced team manages the entire claims process from start to finish. By outsourcing this responsibility, you avoid liability risks while still ensuring your injured employees can access lost wage replacement and medical benefits to treat their injuries properly.
Through our strong carrier relationships and group purchasing power, we are able to negotiate lower insurance rates on your behalf. Having us administer workers’ comp on your behalf takes this burden entirely off your plate.
Payroll Processing
Managing payroll is a time-consuming task that involves accurately calculating wages, payroll taxes, withholdings, and deductions for each pay period. It also requires handling direct deposits, W-2s, and year-end tax documents and ensuring everything is processed and filed according to rigorous compliance standards. Through our full-service payroll department, we take complete control of your payroll administration from start to finish.
This includes capturing employee time and attendance, processing the actual pay runs, issuing pay stubs, and fulfilling all reporting requirements to federal and state agencies. By leveraging modern cloud-based platforms, managing payroll and benefits together becomes a seamless integrated process.
As the employer of record, we establish clear and consistent pay practices that are attractive to prospective employees and help you recruit the best talent. With us handling payroll, you can stay focused entirely on operating and growing your business rather than getting bogged down in routine administrative tasks.
Employee Training
Ongoing learning and development opportunities play a key role in motivating your employee team and building new skill sets necessary to perform at a high level. Through our relationships, we are able to source and coordinate an array of relevant training programs using various modalities such as online and virtual classes as well as in-person sessions. Taking advantage of our group purchasing power delivers affordable training options tailored specifically to your company’s needs.
Registration and tracking tools also give you valuable insights into how well your employees are progressing in core competencies. Ultimately, continuing education helps foster career growth within your organization while saving you significant time spent planning and budgeting for courses aligned with your strategic goals and priorities.
Contact Us for Colorado Springs Employee Benefits Services
At NetPEO, we’re here to help you find a Colorado Springs PEO that matches your business goals. Contact us today to get started with our team and get access to employee benefits services.
