PEO Spectrum Helps NYC Small Business Save $120,000 in Healthcare Benefits

SMITHTOWN, N.Y., Sept. 10, 2019 /PRNewswire-PRWeb/ -- PEO Spectrum announces that amid a climate of rising employer healthcare costs, it has helped Century Management, a premier property company in New York City, save $120,000 a year in employee benefits.

When Century Management came to PEO Spectrum, they were concerned about the rising cost of health care benefits as well as staying compliant with the many city, state and federal rules and regulations.

PEO Spectrum thoroughly analyzed Century Management's benefits costs and saw that, like many small businesses, they were paying far more for benefits than they would if they had the advantages given to large corporations. Partnering with a PEO would enable them to give their employees richer plans with more flexibility, and still save the company money. In fact, the plan found by the PEO brokers saved the company $120,000 a year. In addition, they were more comfortable knowing an outside company of experts would take on their HR liability so they could put all their focus on the business.

"The transition was smooth and fast," noted Century Management CFO Mike Catanzaro. "Within two months, we were contracted and transitioning over to our new PEO. The result was a win for the company and our employees."

About PEO Spectrum

PEO Spectrum provides a free service for companies to shop and compare vendors in the PEO industry. Representing the nation's top 100 PEOs we provide our clients with unbiased expertise as to which PEO is best for their business through our streamlined PEO Comparison process.

For more information, visit our website at peospectrum.com, follow us on LinkedIn, Facebook and Twitter.

SOURCE PEO Spectrum