Year: 2025
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Beyond Open Enrollment: Engaging Employees with Benefits
Most organizations treat employee benefits like a seasonal event. Open enrollment brings a flurry of activity – emails, seminars, and even benefits fairs. However, communication often dwindles after this initial push, leaving employees confused and underutilizing their valuable benefits. This is a missed opportunity. Research shows that employees crave more benefits education, spending hours researching…
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Differences Between PEOs: A Guide to Making the Right Choice
Professional Employer Organizations (PEOs) can significantly impact your business operations, but not all PEOs are created equal. As a business owner, understanding these crucial differences will help you make an informed decision that best serves your organization’s needs. Let’s explore the four main factors that set PEOs apart from one another. 1. Overall Cost Structure…
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The Heart of the Matter: Your Guide to Cardiovascular Wellness
February is American Heart Month, a time to raise awareness about cardiovascular health and how to keep your heart in top condition. Are you taking steps to protect your heart? You can actively reduce your risk for heart disease by adopting a healthy diet, staying physically active, and managing your cholesterol and blood pressure. Heart…
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What are The Pros and Cons of Using a PEO?
What are The Pros and Cons of Using a PEO? Companies are turning to Professional Employer Organizations (PEOs) to handle their HR needs due to increases in state and federal compliance laws. Before making this important decision for your business, it’s important to understand both the advantages and drawbacks of partnering with a PEO. What…
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ACA Reporting Deadlines for 2025: What You Need to Know
For employers subject to the Affordable Care Act (ACA), staying compliant with reporting requirements is non-negotiable. With 2025 due dates just around the corner, now is the time to prepare for distributing Forms 1095-C to employees and filing with the IRS. These forms provide essential information about health coverage offered to employees and are critical…
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Compare PEO vs ASO: Optimize Your HR Approach
In today’s complex employee management landscape, businesses are increasingly turning to Professional Employer Organizations (PEO) and Administrative Services Organizations (ASO) as strategic HR outsourcing solutions. At Cleveland Benefit Partners, we help organizations understand and navigate these critical workforce management decisions. What is a Professional Employer Organizations (PEO) A PEO serves as a comprehensive HR outsourcing…
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Compliance Recap December 2024
TWO BILLS IMPACTING ACA REPORTING REQUIREMENTS Two recent bills signed into law by President Biden are set to ease the Affordable Care Act (ACA) reporting requirements for employers. The Paperwork Burden Reduction Act and the Employer Reporting Improvement Act introduce significant changes to the way employers handle Forms 1095-B and 1095-C, used to report health…
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Everything You Need to Know About PEOs: What is a PEO?
Have you ever wondered how some small businesses are able to offer Fortune 500-level benefits? Or how fast-growing companies handle complex HR processes without hiring a massive team? The answer might just be a PEO. PEO is short for “professional employer organization” and if you’re scratching your head wondering “What the heck is that?”, don’t…
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Unlocking Portfolio Company Potential: The Comprehensive PEO Strategy for PE and VC Investors
The Changing Landscape of Business Growth In the high stakes world of private equity and venture capital, success hinges on more than just the financial investment. Today’s savvy investors understand that the right HR strategy is often the difference between a good investment, and a transformative one. The Hidden Performance Multiplier Recent NAPEO research…
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Top Employee Benefit Trends for 2025
Employee benefits are the indirect and non-cash compensation paid to an employee. These benefits are given to employees over their salaries and wages. As we look ahead to 2025, companies are increasingly exploring innovative solutions to address the evolving needs of their workforce. Driven by shifts in work environments, economic challenges, and technological progress, the…
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Can a PEO Help with My HR Compliance?
Feeling overwhelmed by constantly changing HR compliance regulations? You’re not alone. Many businesses are turning to Professional Employer Organizations (PEOs) to navigate this complex landscape. Let’s explore how a PEO can transform your HR compliance management. 1. Expertise and Knowledge: Stay Ahead of Regulatory Changes PEOs bring a team of employment law experts to your…
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PEO Consultants: Your Guide to Professional Employer Organization Experts
Looking to streamline your HR operations by hiring a Professional Employer Organization (PEO) but feeling overwhelmed by the options? A PEO consultant might be exactly what you need. PEO Consultants help businesses navigate the complex world of PEO solutions, saving both time and money. What Does a PEO Consultant Actually Do? Think of a PEO…
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Your HSA: A Beginner’s Guide
New to a Health Savings Account (HSA)? Here’s What You Need to Know As the name suggests, a Health Savings Account(HSA) is a special savings account used to pay for healthcare-related expenses. An HSA has potential financial benefits for now and later. Not only can you save pre-tax dollars in this account to pay for qualified…
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Reducing Rising Healthcare Costs in 2025
Healthcare costs are projected to rise significantly in 2025. To mitigate these increases, consider these tips: Know Your Plan: Take time to review what your health plan covers—and what it doesn’t—to avoid unexpected costs. Understand your health plan’s coverage, including deductibles, co-pays, and out-of-pocket maximums. Utilize In-Network Providers: Receiving care from out-of-network providers can dramatically…
