The company I work for has just hired a peo or employee leasing company to handle our employee stuff.

This is how I understand the arrangement. We have become employees of this peo or employee leasing company. In turn the peo provides our company and employees with payroll processing, workers compensation, unemployment, 401k and they handle all the local, state and federal stuff. The owner writes one check per payroll to cover all costs.

It was explained by our management that this was a cost effective move for our company, plus from my side of things; I get better health benefits (blue cross blue shield) and access to an ING 401K program. Our company management and owners still runn the day to day business, as far as employee oversight etc.....hireing and fireing whomever they want.

The only chage that I see thous far is the name on my check. I must say that as an employee the up sides seem to be in my favor, but I wanted to know if anyone has any experience with this sort of arrangement with a peo? The peo that our company started using is at www.planmarc.com for reference, but there are several other sources on the web. Any information good or bad would be appreciated.