Comparative Analysis of Proposals for HR SAMPLE CLIENT

Administration and Insurance Services For: SIC Code: 8999

Current Vendor Proposed Vendor #1 Proposed Vendor #2

FEATURES
Headquaters Location 406 43rd Street W. Bradenton, FL 34209 100 South Missouri Ave Clearwater, FL 33756
Local Office 2250 Lee Rd. Ste 80 Winter Park, 32789 Same as above
Website
Representative Name/Contact
NAPEO Member www.napeo.org N/A No Yes
Stock Information Private Private
Work Site Employees 37 20,000 75,000
Primary Bank Wachovia Wachovia
Available Products CoEmployment / HRO CoEmployment
Years in Business 13 15 28
Insurance and Benefits
Service Model (Team vs. Single) Team Single Contact Payroll Contact/Benefits Contact
Work Comp (Rating) AIG
Online Benefits Enrollment Yes Yes No
Proposed Healthcare Provider BCBS Aetna and United Health Care Aetna Master Policy
Dental/Vision/LTD/STD Yes United Health Care
FSA Yes Yes Yes
Life Insurance 20k included in Health Yes 15k included in UHC Yes 10k included in Aetna health
401k-(vendor sponsored match) Yes Yes
EPLI (additional fee) Yes Yes ($.80 per EE a week) Yes ($.80 per EE a week)
Direct Deposit Available (Debit Card) Yes Yes Yes
Support for commision employees Yes Yes Yes
HR admin/claims--Local Presence Yes Yes Yes
Legal Support Yes Yes Yes
Internet Portal w/employee access Yes Yes Yes

PRICING Applicable Wages Rates Rates Rates

Fed Salary Cap: 102,000 FICA $1,856,000.00 6.20% 6.20% 6.20%
Medicare $1,856,000.00 1.45% 1.45% 1.45%
Salary Cap: 7,000 FUTA $245,000.00 0.80% 0.80% 0.80%
TX Salary Cap: 9000 SUTA $36,000.00 2.70% 2.70% 1.63%
FL Salary Cap: 7000 SUTA $245,000.00 1.10% 1.00% 1.57%
WC 8810FL $1,370,000.00 0.30% 0.25% 0.18%
WC 8018FL $200,000.00 3.99% 3.41% 2.46%
WC 3724FL $167,000.00 5.32% 4.55% 3.29%
WC 3724TX $119,000.00 7.22% 6.01% 4.36%
Enrollement Fee/Setup cost N/A $0.00 $0.00 $0.00
Admin $1,856,000.00 2.00% 1.75% 1.45%
Total Payroll Burden N/A
Burden After Cut-offs Limit N/A
Total Fees N/A $ 214,308.20 $ 204,849.95 $ 193,619.69
Savings $ - $ (9,458.25) $ (20,688.51)

* Costs - Current Client Costs

Important Analysis Assumptions:
1) No individual employee will make more than the FICA max ($102,000). Payroll values are averaged over all employees.
2) Employee turnover will cause SUTA costs to rise since new employees must reach the cap. Due to low turnover in your industry, we have not made any wage adjustments.
All amounts are based on projected annual cost.

Administration
Your current administrative cost is the cost with South East Leasing.
In addition to the substantial cost savings, you will benefit from the extensive knowledge and expertise of our staff. Our goal is to make sure that your company and your employees stay in compliance with all
applicable State and Federal laws.

Every business owner should

read this report

Source SBA http://www.sba.gov/advo/research/rs207tot.pdf

It can be difficulet to precisely calculate your company's administrative costs but an accurate estimate is possible. Your Overhead includes the cost of things like payroll processing, computer
software, checks, check reconcilliation, court payments and tax deposits. In addition other tasks include W2 preparations, 940 and 941 reporting, workers' compensation reporting, claims
administration, audits and hearings. For a full list of required activities and the cost estimate, see Appendix A of this analysis.

Employee Benefits and Health Insurance

Health Insurance costs are not included in this analysis due to the variability of options and plans. Please reference the options and plans attached to
each individual proposal for a complete offering.