Crosspoint Advisors Provides Comprehensive Holistic Employee Benefit and Resource Management

What is a PEO?”A Professional Employer Organization (PEO) bands together their customer’s employees together under one umbrella. That way a smaller company can access enterprise level benefits at affordable rates. Additionally, a PEO acts as a one stop shop for a businesses’ onboarding, payroll, multi state SUI compliance, and HR functions.

Did you know?

• 66% SMBs who use PEOs report an increase in profitability
• 98% SMB owners who use PEOs would recommend a PEO to a colleague

Sources PEOs: NAPEO 3 Ways your Small Business Benefits from Using a PEO, NAPEO

Benefits Administration: Enrollment and renewals are hosted right from a PEO’s interface. Paper forms and a fragmented enrollment process are a thing of the past! The PEO will also manage these functions relating to benefits:

• Handle QLE (qualifying life events) approval for employees. This allows an insured employee to change their plan midyear for life events such as getting married or having a baby
• Handle COBRA paperwork for terminated employees. Former employees still have access to their plans for 18 months but at their own expense
• Automatic employee and employer payroll deductions

Multi-state compliance:

The PEO files the company’s payroll taxes on your behalf. In addition the PEO is pre-registered in all 50 states so there’s nothing you need to do when onboarding a new employee

“Did you know?” 33% of small businesses get fined each year for making payroll mistakes (National Small Business Association)

Human Resources: The big boys have the budget, resources and training to bring on an HR Generalist or a team of HR professionals. Smaller teams don’t have that luxury. That’s why joining a PEO offers you access to their internal HR consulting team that acts as an extension to your team. While the support levels vary based on the PEO, all assist in areas such as handbook creation, terminations, and setting up vacation/leave policies

Wellness Programs: This is an easily overlooked but important benefit that yields long term dividends. Having a structured program will not only boost employee morale but will help you compete against the largest companies. Our PEO partners offer several benefits to their clients such as: Classpass discount, gym reimbursement, Health Advocate, and Peloton discounts

Mental Health: Many of our PEO’s offer mental and behavioral assistance to insured employees. This empowers them to speak to a licensed therapist, locate support groups, receive healthy tips and more.

Account Management: By consolidating fragmented vendors (e.g. payroll, benefits administration, workers comp) the PEO offers companies a single and direct point of contact. Crosspoint Advisor’s continues to monitor that the PEO’s support team is accessible, knowledable, and has high customer service marks.

Connected onboarding experience: Onboarding is the introduction of the employee to your company so we understand first impressions matter. Crosspoint Advisors has experienced the new employee onboarding flow of countless PEO platform demo’s and we’ll bring only those that meet our expectations to the table.

The graphic outlines a comprehensive suite of services offered by the company, centered around the core elements of Payroll SUI Management, Human Resources, Workers' Compensation, 401(k) planning, Benefits Administration, and Affordable Care Act compliance. It highlights the company's role in integrating key areas such as tax handling, safety audits, compliance, and employee life benefits. This visual encapsulates the company's commitment to providing a full spectrum of resources to support both the operational and employee well-being aspects of a business.