As a small business owner, securing a competitive benefits package that matches Fortune 500-level benefits can feel impossible. We’re here to show you that it’s not. Nextep can secure the top-tier benefits you’re looking for while saving you time and money.
Partnering with a PEO as a small business
So, what’s a PEO? A professional employer organization (PEO) like Nextep handles administrative tasks for your small business, such as payroll, HR consulting, employee benefits, workers’ compensation, and more.
Nextep has 30 years of experience, top industry accreditations, and expert knowledge, so you can feel confident the administrative side of your business is in good hands. Meanwhile, you can focus on growing your business.
Without a PEO, searching for benefits can be difficult. How many plans should you offer? Are those plans compliant with the latest regulations? Do you offer only medical benefits, or do you offer vision, dental, retirement, and other ancillary plans?
Or how can you compete with bigger companies in your area who can attract talent with better benefits? What other important tasks could you be doing instead of searching for benefits? Fortunately, Nextep strategizes with you to answer all of those questions and can get you the best benefits at a competitive price.
Benefits shopping with Nextep
At Nextep, we know benefits aren’t “one size fits all,” and we want our clients to have the best options possible. That’s why we ensure that all of our plans are:
- Diverse in options and affordability for the best fit for your family
- Comprehensive and prevention-focused
- Expertly chosen and negotiated
Nextep combines thousands of clients’ employees so your small business can get the same options with big-name carriers usually reserved for Fortune 500 corporations. That’s the perk of buying in bulk!
With Aetna, Nextep offers many different health plans with different deductibles and coverage levels, giving you and your employees flexibility. Our Strategic Benefits Specialists work with you to craft a custom benefits package that best fits your company and workforce’s unique needs.
We offer HSA/FSA packages with eligible plans, allowing tax-deferred savings accounts to offset a higher deductible with a lower cost. All plans include pricing for individuals, couples, and families with in- and out-of-network options. That way, you can attract an established pro, a new hire fresh out of college, a new parent, or an empty nester without breaking the bank.
Supplemental:
With MetLife, Nextep offers dental and vision care at affordable, small-business-friendly prices. These plans offer diverse coverage and include preventive care across a variety of networks. We also offer affordable supplemental insurance such as life, disability, pet, and more. These supplementals are more valuable than you think; imagine this.
Jane runs a law firm. Her paralegal John broke his hand playing soccer and needs surgery, which requires 8 weeks of recovery. Since John opted into short-term disability through Nextep, he can focus on recovery while still receiving part of his income, and Jane doesn’t have to worry about handling any of the paperwork.
Retirement:
With Empower, Nextep offers 401(k) contributions through a Multiple Employer Plan (MEP). Multiple employers share this type of plan under Nextep, which makes it more affordable for you and your employees.
As the employer, you can customize employee eligibility and employer contributions to best support your people. Your employees can make pre-tax and Roth contributions and access investment options, so they get the same benefits with you as they would with a company that offers Fortune 500 benefits.
Getting your time back:
We understand that small business owners already wear many hats with fewer resources. Nextep saves you time by handling payroll deductions, administering employer contributions, making invoice payments, running open enrollment, and more. We take on the administrative and compliance burden so you can focus on what matters: growing your business!
With easy access to your benefit plans and single sign-on logins through the Elevate by Nextep™ app, it’s never been easier to look up everything on the go.
Schedule a meeting and see what we can do for you! Our Strategic Benefits Specialists can help tailor your benefits package to your recruiting and employee needs.
Nextep delivers HR services that elevate your business with an innovative, easy-to-use platform centered on people. We strive for accuracy, but our information isn’t legal advice.
