PEO & GMS
When did the PEO industry begin?
1976
Who are GMS' clients healthcare provider?
GMS
GMS Connect doubles as a _________
HR Management System
What are the services clients receive if their annual admin fee is less than $12,500
- Handbook
- Up to 3 job descriptions
- HR email
GMS is partially self insured up to the first ______ and partners with _____ for the remaining $1mil
$250,000
Sunz, Key Risk, UWIC
When was GMS founded?
1996
What are the requirements for a client to have a BAM?
10 EEs on the plan
Who is liable for proper payment of payroll taxes when partnered with GMS?
GMS
What is a compensation analysis?
Report of pay and any additional benefits an employer pays for an employee
What is the 24/7 Nurse triage hotline?
If EE gets injured on the job. Can call a nurse to get advice on if they need to go to urgent care/ER or if they can treat injury on their own.
Who are the VPs of each region?
Northeast - Jessica Zemba
Southeast - Tony Long
Midwest - Tom Johnson
West - Mark Hurrell
- GMS is the Fiduciary
- One of the lowest asset fees in industry - .31%
- GMS produces the 5500s
What are the two different packages and costs associated with each?
Simpler - $1,250
Stronger - $1,800
What is FMLA?
Family Medical Leave Act
Allows EEs who have been employed for 1 year to take 12 weeks consecutively or intermittently for birth, adoption, or foster care of child; caring for spouse, child, or parent with serious health condition; or EE w/ serious health condition
What does the claims process look like at GMS?
EE informs ER of injury. ER reaches out to AM within 24 hours of injury. EE goes calls nurse triage/goes to hospital. We facilitate any investigations and return to work program and communication with doctors
What makes GMS a CPEO?
1. $1 million surety bond
2. Positive working capital
3. Background checks on officers
4. Financial audits completed on company
5. Quarterly audits of payroll taxes paid
What is a HSA?
Health Savings Account
EEs can put aside pretax dollars to pay for medical expenses
What does payroll processing look like for clients?
Submit payroll on Tuesday, Payroll specialist takes out taxes and deductions, ER confirms pay is correct clicks submit. Account is swept on Wednesday and EEs are paid on Friday.
What is EPLI and how much does it cost?
Employment Practice Liability Insurance - Protects against discrimination, sexual harassment, wrongful employment actions, and retaliation.
$5/MO/EE & $2,500 deductible
What industries do we need supplemental forms for underwriting?
Explain Co-employment and the 3 value propositions of working with a PEO
Client runs their payroll through PEOs FEIN.
Why?
1. Buying Power
2. Efficiencies
3. Expertise
What is COBRA?
Consolidated Omnibus Budget Reconciliation Act of 1985
Allows EEs to continue health coverage after leaving employment for 18 months. Typically the EE pays 102% of the premium
What is the standard per check fee for each pay period on the simpler package?
Weekly - $25
Bi-weekly - $49
Semi-monthly - $53
Monthly - $105
What is GMS' UE rates for KS and MO?
KS - 3.8%
MO - 3.15%
What is Tim Wolfe's middle name?
Lee