ALEXANDRIA, Va., Nov. 7, 2012 /PRNewswire-USNewswire/ -- The National Association of Professional Employer Organizations (NAPEO) today congratulated President Barack Obama on winning a second term in office and offered its industry's expertise as his Administration moves forward to implement the Patient Protection and Affordable Care Act (ACA).
"Professional employer organizations (PEOs) have critical expertise on a broad array of employee benefits and human resources issues, and we look forward to working with the Obama Administration in these key policy areas," said NAPEO President and CEO Pat Cleary. "PEOs are already the go-to source for small businesses looking for help in preparing for and complying with the healthcare benefits changes brought on by reform, so we feel we have an important role to play as the implementation of the ACA proceeds."
PEOs provide payroll, benefits, tax compliance, and other HR services to small and mid-size companies. Approximately 250,000 businesses use PEOs, and PEOs provide access to healthcare coverage for as many as six million people. Through a PEO, 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. According to a recent study, 40 percent of small businesses in PEO arrangements upgrade their total employee benefit offerings as a result.
The National Association of Professional Employer Organizations (NAPEO) is The Voice of the PEO IndustryTM and has some 500 members operating in all 50 states. NAPEO's members range in size from start-ups to large publicly held companies. PEOs provide payroll, benefits, and other HR services to small and mid-sized businesses. Approximately 250,000 businesses and more than 2.5 million people are part of PEO arrangements. For more information about NAPEO, please visit www.napeo.org. You can also find us on Facebook and follow us on Twitter @NAPEO.
SOURCE National Association of Professional Employer Organizations (NAPEO)