Broker FAQs
PEO Questions Benefits Brokers Ask Regarding A PEO Partnership
Find answers to the most common questions asked by brokers and other benefit agents about PrestigePEO, partnership, and our suite of business services and solutions. If you can’t find the answer you’re looking for, fill out the contact form below, and one of our internal specialists will get in touch with you!
About PrestigePEO
1. What is PrestigePEO?
PrestigePEO is a U.S.-based Certified PEO, licensed to do business in all 50 states as well as the District of Columbia. Since our founding in 1998, we’ve been committed to helping benefits brokers deliver impactful solutions to their small and medium-sized business clients. Our pursuits are rooted in securing and maintaining strong relationships with our partners and creating substantial value for your clients year after year.
We work diligently to exemplify our dedication to industry excellence and provide high-value opportunities for our partners, including a stable client base, enhanced earning potential, and expert support from a dedicated team of professionals who are ready to support brokers and their clients with day-to-day business operations.
2. Why is this company called “The Broker’s PEO?”
We are called “The Broker’s PEO” because we were founded by insurance brokers. PrestigePEO’s founder, and CEO, Andy Lubash, has been partnering with health insurance brokers to grow and evolve the company into the full-service PEO it is today.
Our unwavering focus to sustain our peerless industry leadership is only one aspect of what makes PrestigePEO a leading broker partner. We also provide reliable products and HR services to our partners and their clients to ensure they are well-positioned for success.
- Personalized service: While other PEOs tend to gravitate toward chatbots and outsource their customer service to call centers, our brokers and their clients are introduced to a dedicated team of HR professionals. When our partners or their clients have a question, they reach a human every time.
- Price transparency: We deliver Fortune 500-level benefits at significantly lower rates than SMB clients can access on their own. Our broker partners receive line-item pricing for each benefit and service so they can help their clients build customized benefits packages and show them exactly where their total savings come from.
- Broker differentiation: In partnership with PrestigePEO, brokers can offer their clients competitive rates on high-value benefits year after year with consistently low single-digit renewal rates. Additionally, they can offer their clients comprehensive HR administration and other key services that allow small business owners to focus on the success of their company.
3. Which industries do you serve?
PrestigePEO’s main sectors include:
- Financial Services
- Financial Technology
- Healthcare
- Marketing & Advertising
- Nonprofits & Social Services
- Professional Services
- Retail & Wholesale
- Real Estate & Property Management
- Communications & Media
- Technology
- Start-ups
Details on How We Partner with Health Insurance Brokers
1. What type of brokers partner with PrestigePEO?
PrestigePEO will partner with general agents, individual, or independent brokers. A broker partner must be licensed to sell health insurance in order to do business with PrestigePEO. We also work with larger brokerages, always maintaining a primary focus on helping our partners and their clients grow their businesses.
2. What are the advantages of a PrestigePEO partnership?
PrestigePEO transcends the industry status quo. Our commitment to empowering our partners for success is evidenced by our commitment to no production requirements or minimums and lifetime payouts on each case brought to PrestigePEO. We honor our pledge to safeguard your client relationships by refusing to accept Broker of Record letters.
One of PrestigePEO’s differentiators is our competitive commission rates on multiple products for the lifespan of the client relationship. These commissions, in tandem with our added partner advantages and special incentives, ensure our brokers have the time and resources to strengthen their broker-client relationships and grow their book of business.
3. How does PrestigePEO protect its broker partners and their clients?
PrestigePEO is among the <1% of professional employer organizations to hold all three of the industry’s most stringent certifications: ESAC accreditation, WC Risk Management certification, and PEO certification by the IRS. We continue to meet the highest standards for financial assurance and reliability to guarantee security for our clients.
Our workplace compliance and risk mitigation experts help brokers and their clients navigate the complexities of state and federal employment laws to reduce risk for employers and avoid costly fines and penalties.
When our partners help their clients establish a relationship with PrestigePEO, certain administrative responsibilities, such as benefits administration, HR management, payroll services, or workplace compliance—and the liabilities that come with them—are shifted from the SMB owner to PrestigePEO.
4. How do I become a partner?
Brokers who want to learn more about The PrestigePEO Difference or are interested in partnering with us can visit www.prestigepeo.com/for-brokers, contact us directly by phone at 888-PEO-PEO1, or via email at brokerpartner@prestigepeo.com.
About PrestigePEO’s HR Services and Solutions
1. What business services and HR solutions do you offer?
PrestigePEO offers our partners and their SMB clients an extensive portfolio of premium employee benefits, HR management and consulting, payroll services, workplace compliance and Workers’ Compensation coverage, and more.
Contact us to learn more about the services and resources we provide to ensure our partners’ success!
2. What software solutions does PrestigePEO have for brokers and their clients?
Our technology platform, PrestigePRO, gives our broker partners and their clients increased functionality, flexibility, and efficiency in managing daily activities. Payroll and benefits information, in-depth reports, and employee records can be easily accessed through a centralized web-based portal. By using our powerful HR software and technology, your clients can break free from mountains of paperwork and rededicate their focus to growing their business.
During Open Enrollment, brokers and their SMB clients have access to the PrestigePEO Renewal Portal. Our Renewal Portal is a proprietary, easy-to-use selection system where you and your client can build benefits comparison models based on different contributions and get comprehensive plan information. This way, you can help them customize the best benefits packages for their business.
Click here to learn more about our web-based software, cyber security, and additional software solutions. Or, request a demo of PrestigePEO’s HR software and our HR mobile app, PrestigeGO.
3. What is PrestigePEO’s concierge-level service?
Leveraging our expertise is a strategic advantage for industry professionals at all levels of experience. We offer both you and your clients comprehensive support from our internal HR specialists. This eliminates the time-consuming process of navigating call centers and dealing with chatbots, instead allowing you and your clients to concentrate on core competencies.
With over 25 years of experience, PrestigePEO boasts a team of seasoned professionals who are well-versed in the world of employee benefits. Our team stays ahead of regulatory changes, which ensures your clients’ benefit plans remain compliant and competitive.
4. How does PrestigePEO help brokers maintain their current client relationships?
As we support brokers, their clients, and their clients’ employees, our brokers are always copied on written communications we send to your clients. Whether it’s a monthly newsletter, a compliance alert, webinar invitations or seasonal open enrollment, our broker partners are always kept in the loop.