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Contracts and transitions

PEO exit

Also called Leaving a PEO

Definition

Moving off a PEO: replacing payroll, benefits, workers' comp and tax accounts without gaps.

PEO exit explained

Leaving takes planning: new state tax registrations, a new health plan and 401(k), workers' comp coverage, COBRA handling and payroll history. Aim for a January 1 or plan-year start to limit wage base restarts.

Where PEO exit comes up

Also referenced in: COBRA · Multiple employer 401(k) plan · Exit fee

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