Overview
PrestigePEO was founded in 1998 by Andrew “Andy” Lubash, who remains a partner and chief executive, and has its headquarters in Melville, New York, where it moved into a 10,000 sq ft facility in 2010.[17] In 2021 the company partnered with private-equity firm TriSpan.[17]
PrestigePEO was one of the first PEOs nationwide to receive IRS CPEO certification in 2017, and it achieved ESAC accreditation in 2019; the company says it is among only 1% of PEOs accredited by ESAC.[17] Its retirement-benefits division runs a multiple-employer 401(k) plan with more than 10,000 participating employees.[17] The company targets small and medium-sized businesses and does not publish client or worksite employee counts or prices. Its smaller size relative to national providers can mean more direct access to senior staff, but a smaller benefits pool than the largest PEOs.
PrestigePEO features
- IRS CPEO since 2017
- ESAC accreditation since 2019
- Multiple-employer 401(k) plan
- Workers' compensation risk management
- Payroll, benefits and HR administration
PrestigePEO pricing
Quote-based; fees not published.
PrestigePEO strengths and limitations
Strengths
- Early CPEO certification
- ESAC accreditation
- Pooled 401(k) plan
- Founder-led management
Limitations
- No published client or worksite counts
- No published pricing
- Smaller benefits pool than national PEOs
- Ownership arrangement with TriSpan not fully described
Appears in
PrestigePEO alternatives and competitors
Alternatives to PrestigePEO: companies ranked in the same lists.
- ADP
Insperity
TriNet
Paychex Flex
VensureHR
Engage PEO
Rippling
Deel
G&A Partners
CoAd (CoAdvantage)- Sequoia One
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