PEO profile
ADP TotalSource
ADP (NASDAQ: ADP). National. Typically serves 10–200 employees.
Profile
IRS CPEO
Yes
ESAC
Yes
Pricing model
% of payroll or PEPM
Minimum employees
5 employees
Contract
Multi-year terms reported
Industries
Professional services, Financial services
Cost
~$70–$200/employee/mo Estimate. For 25 employees, that's about $21,000–$60,000 a year in admin fees, before benefits, workers' comp and state unemployment tax.
Advisor notes
Good fit: Companies of 10–200 that want a large, established provider.
Think twice if: High-risk industries that may be declined at underwriting, and buyers who want short contracts.
- Payroll-based fees rise with raises
- Long contracts reported
- Underwriting may turn away high-risk industries
Industry guidance
Sources
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