NEW PEO MEDICAL/VISION/DENTAL/ & BUSINESS SOLUTION
SET UP A DISCOVERY CALL Review FAQ’s
JUST ANNOUNCED: The CoveredAdvisor benefits program now includes a Certified Professional Employer Organization solution that provides members access to a bundled package of Medical/Dental/Vision, HR compliance, payroll, benefits administration and more!
Our exclusive, new member benefit is through our partnership with Insperity, a Fortune 1,000 company, with specific expertise and an exceptional track record with independent financial advisor practices.
Insperity already has over 2,000 independent financial advisors and staff in their program, with a 99% advisor practice retention rate with one of our largest firm members. FSI’s exclusive agreement delivers significantly discounted pricing for this comprehensive offering.
KEY BENEFITS
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Insperity’s health coverage (medical/dental/vision) provided by nationally recognized carriers with multiple offerings*:
- Hundreds of thousands of participants result in greater buying power and lower costs
- Long-term renewal predictability
- Turnkey HSA and FSA plans
- Access to a highly competitive 401(k) plan
- HR compliance, administration, and technology
- Payroll, Workers Compensation and Employment Practices Liability coverage
- Recruiting, hiring, onboarding and termination assistance
- Practices ranging from single advisors to 50 or more employees may benefit
- OPEN YEAR-ROUND – NOT SUBJECT TO OPEN ENROLLMENT DEADLINES
While Insperity has experience working with practices of all sizes, including single advisors under certain circumstances, the average practice size working with them today is four total employees including the owner advisor(s).
PRACTICES THAT WILL BENEFIT THE MOST
- Breakaway advisors needing instant infrastructure and benefits
- Existing practices that:
- Need benefits with lower taxes and administrative fees with no broker commissions
- Have employees in multiple states
- Want to avoid costly wrongful termination or compensation disputes
- Need to consolidate multiple HR, compliance and payroll vendors
- Are struggling to retain, recruit and onboard employees
- Need help operationalizing acquisitions and succession plans
HOW TO GET PRICING & ENROLL
- Set up a 30-minute discovery call with Insperity. On this call you will learn everything you’ll need to know to determine if this program is worth exploring.
- Once you fill out the form, you will receive confirmation that we received your request, and a representative from Insperity will email you within 2 business days (but typically sooner!) to schedule your discovery call. So, keep an eye on your inbox, spam or junk files.
- If you have any issues getting your call scheduled, or after your call, please reach out to us to help you with any part of the process.
We are here to help with every step of the process. If you are having any issues, please reach out to Vivian McAllister directly by calling the CoveredAdvisor Enrollment Center: 888.279.8348, then select option 2 or at vivian@gotodsi.com.
* In Maine and Maryland medical/dental/vision are only available for practices with 50+ employees. All other PEO services are available to practices of any size in those two states.
WHAT IS A PEO?
IRS-certified professional employer organizations (PEO), like Insperity, enter into a relationship with a financial advisor practice through a business construct, designated by the IRS, called ‘co-employment.’ Under this, the PEO contractually takes over certain employer-related HR functions, such as payroll, compliance and benefits, while advisors focus on running their businesses. An advisor’s employees will be employed by both the PEO and the practice, which allows the PEO to function as the employer for certain HR purposes. As a result, the PEO can provide the practice with comprehensive payroll and human resource services, while also giving their employees access to large group benefits, such as health plans and retirement savings plans.