G&A Partners Celebrates 25 Years!

Congrats to G&A Partners who celebrates 25 years in business this year!

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HOUSTON–(BUSINESS WIRE)–G&A Partners, a national professional employer organization (PEO) and human resources services provider, is celebrating its 25th anniversary this year. The company is one of the largest and fastest-growing privately owned PEOs in the U.S., boasting a 93% client-retention rate and a Net Promoter Score that is 30-times higher than PEO industry standards.

Founded in 1995 by Chairman and CEO Antonio “Tony” Grijalva and President and COO John W. Allen, G&A Partners is a world-class HR services company that helps its clients build and maintain thriving businesses as they pursue their dreams and passions.

“We put people first at G&A and treat them like family,” Allen said. “Our employees are a cut above and they love what they do. Their energy and their joy are contagious, and that is what provides a phenomenal experience for our clients.”

The company has big plans to further expand over the next quarter-century, with the short-term goal to double in size over the next few years through organic growth and acquisitions.

“Everybody needs to employ good people,” Grijalva said. “Everybody needs to create an inviting culture that attracts and retains top talent. We offer our clients the tools and services to accomplish that goal, which also helps them grow and succeed.”

Grijalva and Allen discovered the need for outsourced HR not long after they formed their own CPA firm in the early 1990s. Their clients with small- and medium-sized businesses came to them asking whether they would consider expanding their services to payroll, employee benefits, and other HR functions.

Enough of a demand was present that Grijalva and Allen decided to purchase a temporary staffing agency and create G&A Partners (originally called G&A StaffSourcing) in 1995.

The business venture paid off and today G&A has evolved into a full-service PEO with nearly 400 employees that serve more than 2,000 companies comprising around 56,000 employees. G&A Partners has been consistently recognized as one of the best places to work in several of the markets where it operates.

About G&A Partners

G&A Partners, one of the nation’s leading professional employer organizations (PEO), has been helping entrepreneurs grow their businesses, take better care of their employees and enjoy a higher quality of life for more than 25 years. By providing proven solutions and technology in the areas of human resourcesemployee benefits and payroll administration, G&A Partners alleviates the burden of tedious administrative tasks and allows business owners to focus their time, talent and energy on growing their companies. Headquartered in Houston, G&A Partners has offices throughout Texas, as well as in ArizonaCaliforniaColoradoIdahoIllinoisMinnesotaNevadaUtah, and Latin America.

Department of Labor Issues Final Rule to Allow Associations and PEOs to Sponsor Retirement Plans

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Final rule defines a PEO as an employer under ERISA and clarifies rules for PEOs to offer retirement benefits

On July 29, 2019, the Department of Labor (the “Department”) issued a final rule to facilitate and expand the availability of multiple employer defined contribution plans (“MEPs”). The final rule provides clarity regarding the types of “bona fide” groups or associations of employers as well as professional employer organizations (“PEOs”) that are permitted to sponsor retirement plans.

NAPEO supports the rule, as it is another step in in formalizing the legal framework for PEOs to provide benefits for their client’s shared employees. This action, along with the passage of the Small Business Efficiency Act contained in the Tax Increase Prevention Act (H.R. 5771, Public Law 113‐295) which created the voluntary IRS PEO Certification Program, demonstrates the federal government’s recognition of the PEO industry and the important role it plays in supporting our nation’s small businesses.

With respect to PEOs, the final rule does two things. First, it states that a “bona fide” PEO is capable of establishing a MEP. The rule then creates a safe harbor criteria for determining whether a PEO that sponsors a MEP is performing essential employment functions.

A copy of the final rule can be found here.

A summary of the final rule can be found here.

A detailed analysis on this issue from the Groom Law Group can be found here.

A recording of a NAPEO-sponsored webinar on this issue can be found here.

A copy of NAPEO’s comments on the proposed rule can be found here.
NAPEO Article can be found:

https://www.napeo.org/advocacy/what-we-advocate/federal-government-affairs/peos-retirement-regulation/dol-meps-finalrule

 

 

A 7.5% Workers’ Compensation Rate Decrease Has Been Approved By The OIR

HOT OFF THE PRESS from our friends at NAPEO!

TALLAHASSEE, Fla. –  Florida Insurance Commissioner David Altmaier has issued a Final Order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall decrease of 7.5% for Florida workers’ compensation insurance rates. This applies to both new and renewal workers’ compensation insurance policies effective in Florida as of January 1, 2020.

“Florida is an ideal place to do business and I am committed to keeping our workforce and economy strong. This decrease in workers’ compensation rates is very good news for employers and one more reason for companies to be located in our great state,” said Governor Ron DeSantis.

“Florida businesses are the backbone of our economy and when they see cost savings, our local communities benefit. Affordable workers’ compensation insurance means more workers are protected. It is great to see the costs of this coverage continue to decrease for those businesses who call Florida home,” said CFO Jimmy Patronis.

“I am pleased to issue this order, reducing workers’ compensation rates for Florida’s businesses, providing another year of rate relief. Increased innovation in workplace practices and continued emphasis on safety for employees has meant a decline in the workers’ compensation claims and Florida businesses will see the results of those efforts reflected in their insurance rates,” said Insurance Commissioner David Altmaier.

Commissioner Altmaier approved the NCCI amended rate filing, which met the stipulations of the Order on Rate Filing issued by the Commissioner on October 24, 2019.

For more information about the NCCI public hearing and rate filing, visit OIR’s “NCCI Public Rate Hearing” webpage.​ 

The Florida Office of Insurance Regulation has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about OIR, please visit our website or follow us on Twitter @FLOIR_comm.

Sponsored by Libertate Insurance Services, LLC

INFINITI HR and Quad M Solutions, Inc.’s Wholly-Owned Subsidiary NuAxess 2, Inc. Have Executed a Definitive Agreement for Their New Joint Venture Company PrimeAxess, Inc.

lhttp://www.globenewswire.com/news-release/2019/10/15/1929865/0/en/INFINITI-HR-and-Quad-M-Solutions-Inc-s-Wholly-Owned-Subsidiary-NuAxess-2-Inc-Have-Executed-a-Definitive-Agreement-for-Their-New-Joint-Venture-Company-PrimeAxess-Inc.html

Latest NAPEO White Paper Shows ROI Of Using a PEO is 27 Percent

See below from our friends at NAPEO.  Solid results!!

AUSTIN, TexasSept. 17, 2019 /PRNewswire/ — The average client of a professional employer organization (PEO) can expect a return on investment – based on cost savings alone – of 27.2 percent, according to a new study released today by the National Association of Professional Employer Organizations (NAPEO) at its annual conference in Austin.

Conducted by noted economists Laurie Bassi and Dan McMurrer of McBassi and Associates, the study is the seventh in a series. Previous research by Bassi and McMurrer examined the benefits of using a PEO, finding increased profitability and growth, higher employee satisfaction, and lower employee turnover for companies that use a PEO.

The new report focused solely on costs and calculated savings for PEO clients in five HR-related areas:

  • HR personnel costs
  • Health benefits
  • Workers’ compensation
  • Unemployment insurance (UI)
  • Other external expenditures in areas related directly to HR services (payroll, benefits, etc.)

The average cost savings from using a PEO is $1,775 per year per employee, according to the study, which also reinforced the findings of earlier research, again showing notably lower employee turnover, higher rates of both employee and revenue growth, and enhanced employee benefit offerings.

“We have known for some time now that using a PEO is good for a company in a variety of ways, and we now have a compelling and impressive number on the actual ROI of using a PEO,” said NAPEO President & CEO Pat Cleary. “When you put this new data on costs savings and ROI together with the data we already had on business growth, turnover, survival and employee satisfaction, it’s clear that there really is no better value proposition than PEOs in the HR space.”

PEOs provide HR, payroll, benefits, workers’ comp, and regulatory compliance assistance to small and mid-sized companies. By providing these services, PEOs help businesses improve productivity, increase profitability, and focus on their core mission. Through PEOs, the employees of small businesses gain access to employee benefits such as 401(k) plans; health, dental, life, and other insurance; dependent care; and other benefits typically provided by large companies. A copy of the full study is available here.

About NAPEO
The National Association of Professional Employer Organizations (NAPEO) is The Voice of the PEO IndustryTM. NAPEO has some 250 PEO members that provide payroll, benefits, and other HR services to between 175,000 businesses employing 3.7 million people. An additional 200 companies that provide services to PEOs are associate members of NAPEO. For more information, please visit www.napeo.org 

SOURCE National Association of Professional Employer Organizations (NAPEO)