Employee Leasing for very small company?

[Guest FREE401k]

I'm looking for an employee leasing firm who will handle a company of our size. We have 5 employees but only 2 are actually "on the payroll" - the others are owners (we're not a corporation) or independent contractors. We want to explore employee leasing because our health ins. costs are skyrocketing and we'd like to farm out our payroll work, small though it is. The few leasing firms I've contacted say we are too small - they want at least 5 employees on the payroll.

[GBurns]

In my opinion your payroll is too small for it to be cost effective to outsource, it also would be just as easy to do it yourself rather than filling out the input sheets etc.

The next issue is whether or not any PEO can really provide you with health benefits other than what you would have received yourself. How do you think the PEO will help with health insurance? Will you be joining the plan that they already have or will they be selling you a new plan? Who will be the policy holder? What sort of plan do they have, single employer trust or mulitple employer trust, fully insured or self insured? Who is the insurer? What rates did that same insurer quote you?

There are a lot of questions that you might not have asked as yet, but so far you seem headed in the wrong direction.