Definition
A benefits plan the PEO sponsors for many client companies together, giving small employers access to large-group plans.
Master health plan explained
Master plans are the main reason small companies join PEOs: more plan choices and benefits that recruit well. Rates still depend on your workforce and the PEO's pool, so compare them against small-group quotes from a broker.
Where Master health plan comes up
Also referenced in: HSA · ACA employer mandate · Multiple employer 401(k) plan · Workers' compensation