Without Execustaff HR:

• HR Department – you will need 2-3 staff members for up to 100 employees. Hiring even one person can take upwards of a month as you place an ad, screen and interview the candidates and negotiate their start date. Research shows that it takes three months for a new employee to become a  fully functional member of the company.
• 401(k) – Obtain a broker to design the plan. Pay set up fees, possible back-end termination charges, 5500 filing, annual independent audits, obtain an ERISA bond etc. This could easily take at least two months to research the best possible administrators.
• 125 FSA – Obtain a Third Party Administrator to design a stand-alone plan. Pay set up fees, discrimination-testing fees etc. Complete 5500 annual IRS filing.
• Health Benefits – Obtain a Health Coverage Broker (if your company size is under 50 employees, you will receive rates that vary depending on your employee age). Benefit provider may have minimum participation rates. Set up and administer a Cobra policy etc. This is the biggest time expenditure: usually 3 – 4 months to research, negotiate and implement.  Annual open enrollment.
• Workers Compensation – obtain a broker to supply you with coverage.  Provide training and claims administration as well as OSHA filing requirements etc.
• Payroll – set up in-house payroll solution to administer payroll checks, weekly payroll taxes, and quarterly Federal & State reports. Stay abreast of all new laws and legal regulations
• Procedures – establish company policies and procedures and generate employee handbook. 
• 6 Months later – still establishing company policies, setting up benefits, wishing you had outsourced everything.

With Execustaff HR:

• HR Department – a 5-person team is instantly allocated to you and will include your senior HR manager, HR associate, Payroll manager, Payroll Associate and Billing Manager.  No recruiting or training necessary. Your team develops a personal relationship with you and your employees and provides complete HR services. 
• 401(k) – Execustaff HR includes an employee directed 401(k) employee retirement plan and performs all the plan administration and tax filing at no additional cost. Customized to you with safe harbor options.
• 125 FSA – Execustaff HR includes a 125 flexible benefit-spending plan, with dependent care, medical expenses and medical insurance premiums included. We also perform plan administration and tax filing.
• Health Benefits – Execustaff HR includes large company, cost effective benefit plans, such as health, dental, vision, short & long term disability & life insurance, Cobra administration - and we deliver ongoing support to company management and employees regarding benefits concerns and questions.
• Workers Compensation – Execustaff HR includes workers' compensation insurance and performs all associated administrative responsibilities including audit and claims management.
• Payroll – Execustaff HR pays your employees, establishes and maintains electronic employee files, employee time off records, and compensation history, anniversaries and personnel actions. We file all payroll reports and taxes  We keep you legal and compliant.
• 5 Days later – Your company payroll, HR, and benefits are all set up and ready to go!