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Resources

We are here to be your advocate and help you find the information you need for your business to succeed. Whether you are expanding into a new state or have Human Resources questions, check out the information below.

We would love to hear from you.  Give us a call at (208) 906-2636 or email us at at solutions@ataraxispeo.com.

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Brokers

Broker FAQ

How do insurance brokers benefit from a partnership with Ataraxis?

A partnership with Ataraxis helps brokers be more competitive by providing a solution that enables your clients to have the same high quality employee benefits as much larger companies, but at a lower cost. Our solution provides the support your clients need while allowing you more time to grow your book of business.  

What types of benefits would my clients have access to with the Ataraxis Group Plan?

In addition to a premium medical and pharmacy plan, you clients would have access to other voluntary benefits such as dental, vision, employee assistance programs and 401(k) along with personalized HR support for the client and employees.

Does Ataraxis compete with insurance brokers for business?

No, we don’t compete with brokers. Ataraxis is not a broker and we do not sell insurance. You remain the Broker of Record for your client and your relationship with your client won’t change. You receive a competitive broker commission and will have more time to focus on building your book of business. We value our partnership with brokers and are focused on creating successful PEO solutions for your clients.

Who handles the client enrollment?

We have a streamlined group application process for you and your clients. No medical underwriting or health questionnaires are required. Employees can view and choose which plans they want to enroll in. We match each client with a dedicated team of HR professionals who will help your clients and their employees throughout the enrollment process and with any HR services they need.

Will I continue to have access to information on my client’s health plan?

Yes, Brokers have access to our online platform and can view client information if it has been approved by the client.  You can also receive alerts on new enrollments, changes or qualifying events for your clients.

If I have a client that might benefit from the Ataraxis Group Health Plan, who do I talk to?

Give Kylee Olinger a call at (208) 906-2636. She can answer your questions about the Ataraxis Group Health Plan and our PEO services.  

Where You Need Us

Where You Need Us

If you are planning to expand your business into another state or already have employees in multiple states, we are here to help you be more successful. We know it can be time consuming to stay on top of employment laws in your home state and overwhelming to keep track of the laws and regulations in multiple states.

At Ataraxis, we make sure your business is fully compliant with all employment laws and regulations. We provide a level of personal care and support that you won’t find with national PEOs.

If you don’t see the state you are looking for, give us a call to find out how quickly we will be where you need us.

Note: Blue indicates the states we currently operate in.

FAQs

frequently asked questions

What is a PEO?

A professional employer organization (PEO) is a company that specializes in providing comprehensive human resource (HR) services to businesses of all sizes.  Payroll, benefits and benefits administration, tax withholdings and filings, and regulatory compliance are some of the many services PEOs provide to employers.

 

Why use a PEO?

Intense competition for top talent, expanded benefits packages, rising healthcare rates, and rigorous compliance requirements with federal, state and local employment laws have made Human Resources (HR) administration increasingly complicated, time consuming and costly.  According to the National Association of Professional Employer Organization (NAPEO), utilizing PEO provides significant benefits for businesses including a 27.2% annual return on investment, a 10-14% lower employee turnover, and a 7-9% higher growth rate. 

Who uses a PEO?

Any business, large or small, can find value in the services and expertise provided by a PEO.  According to the National Association of Professional Employer Organizations, PEOs provide services to 175,000 small and mid-sized businesses with an estimated 3.7 million co-employees. At Ataraxis, we work with organizations and businesses in a wide range of industries such as technology, construction, manufacturing, cleaning services, retail, food services and healthcare. We partner with professionals and small business owners who are doctors, dentists, realtors, health and wellness providers, consultants, mechanics and janitors. Our goal is to help each client maximize the success of their business. 

How does a PEO relationship work?

When a business contracts with a PEO for their services, both the employer and the PEO share employment responsibilities. The PEO handles all the administrative responsibilities and becomes the employer of record with the Internal Revenue Service, which means they assume responsibility and liability for employment taxes to local, state and federal authorities. The client is the legal worksite employer and maintains control over its operations and worksite safety.

What is co-employment?

Co-employment refers to the business arrangement between a business and the PEO where certain employer responsibilities are shared. This partnership allows businesses to outsource certain functions while still retaining control over the day-to-day management of their employees.

How long would it take to onboard my business?

Our Client Success Team will work closely with you to onboard your company and employees within a timeline that is best for your business. You won’t have to complete piles of paperwork or wait months to make the change. We make the process as easy and quick as possible for you. The Ataraxis team will take care of all the work so you can continue running your business without interruption.

Benefits packages can be so expensive and complicated. How can you help?

Employee benefits are an important part of your total compensation package.  The Ataraxis benefits team searches for the most competitive costs on the market and makes sure you have a comprehensive benefits programs to protect the health and welfare of your employees and their way of life. For small businesses who may have been unable to afford or manage a comprehensive benefits program on their own, we provide a stress-free, cost-effective solution that will help your business be more competitive in the employment market.  We manage the entire process from annual enrollment to the daily questions you or your employees have throughout the year.  

Who is Responsible for Compliance with Employment Laws and Regulations?

Unemployment laws and regulations for each state are different, and it can be overwhelming for business owners to stay on top of complicated and often evolving federal and local laws.  At Ataraxis, we take ownership for understanding the employment laws and regulations where you have employees.  We take our responsibility of due diligence very seriously and will always make sure your business is fully compliant. 

 

Who is Responsible for Employment Taxes?

While business clients are responsible for providing the funds to cover their payroll and payroll taxes, we will submit and report all payroll taxes including 940s, 941s, state, county and local tax calculations and fillings. We also take care of W2’s for your employees. 

Can you help with recruiting?

Yes!  As your PEO partner, we understand how important it is to find the right person for your company.  Our clients have the opportunity to subscribe to the innovative recruiting services of TalentFill, a division of Ataraxis.  Whether you need to quickly hire temporary employees to manage a spike in business demand or have a long term need to outsource your recruiting department, the TalentFill team is here to assist you!  Our proven process in recruiting, staffing augmentation and direct hire is a quick call away!  

How is onboarding handled for new employees?

When a candidate is ready to join your company, we provide a personalized and complete employee onboarding experience.  We carefully review the employee handbook, company policies and employment procedures with each new employee. We assist with benefits enrollment and complete all regulatory paperwork so your employees are ready to work and contribute to your company’s success. 

Do you have a time keeping system?

Our time keeping system is integrated with our payroll process so all you need to do is review and approve employee hours can provide that information to you. Your employees record their hours in our Time Clock. Supervisors approve the hours in the time clock. There is no need to keep track of employee information manually. When you need data or reports, we have the information you need.

How can you help us save money on unemployment?

Unemployment claims can drive premiums, so it is essential to reduce and eliminate fraudulent unemployment claims. We carefully review and manage every detail of the unemployment claim to provide the best outcome for your company and help you lower your unemployment rate. We will advise you on what we believe the is the best approach on each claim, but you make the final decision as the business owner. 

Do you take care of COBRA?

COBRA is part of the employee separation process that we manage for your company.  We generate and send the necessary COBRA letter to your former employees. 

How can my employees access their information?

There is a secure Employee Log in area on our website where they have access to their personal information, benefits, timeclock, etc.

Where can I access my company’s HR information?

Our clients have a secure Employer Log in where they have access to important information. 

Who can I call when I have questions?

We are here for you and your employees. You will never have to deal with automated phone systems, chatbots or self-service portals. Simply call 208-906-2636 to speak with an Ataraxis team member who knows your business and employees.  

401(k) Plan

MEP retirement savings plan

Why are retirement savings plans important?

Retirement savings plans offer numerous benefits for you, your employees, and your business. One of the most popular savings plans is 401(k), an employer-sponsored retirement plan that enables individuals to invest now for financial security when they retire and provides significant tax advantages for you and your employees. Companies with 401(k) retirement plans not only have more competitive benefit packages to attract qualified employees, the vesting and employer matching options may help you retain the great employees you have hired.

How does a 401(k) work?

A 401(k) plan is an employer-sponsored retirement savings plan that is designed specifically to help individuals save for retirement and provides special tax benefits for employers and employees. It enables employees to dedicate a percentage of their pre-tax salary to be invested in stocks, bonds, or mutual funds while reducing their gross income so they pay less in income taxes. Employers may also match the funds employees contribute, enhancing their employee’s investments while providing qualified tax deductions for the business. Depending on the details of the plan and the age of the individual, the money invested may be tax-free and can provide significant advantages by lowering taxable income.  Individuals don’t pay taxes on either the contributions or investment growth until they retire and begin making withdrawals.

Why are some companies not able to offer 401(k) retirement plans for their employees?

Cost is a significant reason why most small- and medium-sized employers are not able to offer 401(k) retirement plans for their employees. Individually, a small company may not be equipped to handle the administrative costs, complexity, fiduciary liability, and the sheer paperwork involved in many plans. Joining a Multiple Employer Plan (MEP) is a cost-effective way for employers to offer a retirement savings plan for their employees.

What is a Multiple Employer Plan (MEP)?

A Multiple Employer Plan (MEP) is a great solution for businesses who want to enjoy the same benefits as large companies without the cost or administrative burden of managing their own retirement savings plan. If you are looking for a flexible retirement plan for your employees that also makes sense for you as a business owner or HR director, we have a seasoned team of 401(k) experts ready to help.  Visit MyMepConnection to learn more.

What are the business advantages of a MEP?

As a participating employer in the Ataraxis MEP, you will be able to cost effectively offer your employees a first-class 401(k) savings plan. Employers benefit from the economies of scale and purchasing power of the MEP and have access to excellent investment options.  Employer contributions are tax-deductible and the assets in the plan grow tax-free. Adopting employers are also able to reduce their workload and business risk when they choose to participate in a MEP rather than sponsor their own plan.

What is the cost of an MEP 401(k) plan?

We believe in the importance of transparency and do not have hidden fees such as fund revenue sharing or wrap fees. By sponsoring a MEP, we are able to offer an affordable 401(k) program for our clients. Our plan fees are regularly evaluated to make sure we are providing our participating employers with the best value possible. Review our Plan Summary for plan pricing and illustrations.

How will my employees benefit from a MEP 401(k) plan?

Employees who participate in the Ataraxis MEP have access to the same investment funds that large employers can offer. Employee contributions are easy to make through payroll deductions and can reduce their current taxable income. Interest accrues over time, which allows small, regular contributions to grow to significant retirement savings.

How much input will my business have in setting up our 401(k) plan?

You will enjoy all the benefits of being part of a MEP while having the flexibility to design a plan to meet your company’s 401(k) plan goals. You can choose how quickly you want your employees to be eligible to participate in your plan, whether you want to have employer matching contributions, and the vesting schedule for when employees “own” the money you invest through matching contributions. Visit MyMepConnection to learn more.

 

How does my company join the Ataraxis Retirement Savings Plan?

We have made it as easy as possible to join the Ataraxis Retirement Savings Plan. Contact us at info@ataraxispeo.com or fill out the Join Us interest form on MyMepConnection. Our 401(k) experts will be touch quickly to answer your questions or get the process started.

How quickly can we get started?

Our retirement plan administrator, BlueStar, can have your company ready to go in ~45 days from the execution of an adoption agreement. For existing plans, mergers can be completed on average in 60-90 days.  BlueStar will work with your prior provider to file all required documents demonstrating that your plan has merged into the Ataraxis Retirement Savings Plan.

Who do I contact with questions?

You are welcome to contact Jed Reese at STRIVE Wealth about Ataraxis’ Retirement Savings Plan.  As the investment manager for the Ataraxis plan, STRIVE Wealth monitors our investments, recommends investment changes, and provides regulatory services for our plan. They are also available to provide investment guidance for employees of adopting employers. For any other questions, feel free to reach out to info@ataraxispeo.com.

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