Payroll Outsourcing * Human Resource Outsourcing * Pre Employment Screening * Small Business Profit Sharing Plan * Employee Benefits * Payroll Outsourcing Dallas Ft Worth * Human Resource Outsourcing Mid Cities, Hurst, Euless Bedford * 1st Odyssey Group is the largest family owned Professional Employer Organization (PEO) in the United States serving DFW Metroplex, Arlington, Carrollton, Irving, Plano, North Dallas Tx.
We work with small to mid-sized practices in stabilizing business related expenses, improving cash-flow, eliminating employer related liabilities, and increasing business related profits.
A key to successfully running your small business lies in the value of your own time. As a key executive of your company, you must always analyze what you are spending time on & where your time is best spent in a given day. All other duties that do not fall into that spectrum of ‘time best spent’ should be delegated to other employees or organizations. The obvious result of focusing more time on revenue producing/best duties is increased revenue & cash flow.
The 1st Odyssey Group works with the small to mid sized business market in 5 key areas:
• Stabilize Operating Costs of the Business.
• Reduce the Opportunity Costs of Internal Administration of Non-Cash Flow Functions (Represented by the Blue outer ring).
• Increase the Operating Efficiency of the Business.
• Reduce the Liabilities of being an Employer.
• Provide Access to Comprehensive, Cost Effective Benefit Packages (both Employee and Executive).
Payroll Outsourcing & Human Resource Outsourcing
Payroll Administration
* Payroll processed & delivered (Direct-deposit available to all employees, and On-line payroll processing)
* Remove the burden & responsibility of filing, reporting,
and depositing payroll taxes.
* 940's, 941's, W2's & W5's filing, with total tax liability assumed
Fortune 100 Benefits
* Fully customizable 401(k)/Profit Sharing Plan (No annual
administration or set-up fee)
* Differed Compensation Plan
* Fully integrated Section 125 Cafeteria Plan / Form 5500
filing
* Comprehensive major medical plan (United Health Care)
Human Resources Services
* Claims & employee tort administration & judgment protection
* Compliance assured with EEOC, OSHA, Title VII, IRCA, ADA, EPA, etc.
* Pre-employment screening, drug prevention, safety program, etc.
Workers Compensation
* Total claims administration
* Eliminate annual 25-30% down payment
* Eliminate end of year audits
Owners/Highly-Compensated Employee's
* Executive Deferred Compensation Plan & Cross Tested Cash Balanced Account
- Allows Highly Compensated Employees & or Owners to defer as much as $40,000.00 - $140,000.00 in PRE-TAX contributions, with minimal subsequent payouts to the employees.
- All contributions are Qualified moneys (ERISA approved) and are protected from creditors & ALL forms of litigation.
* The Cross Tested Accounts allow us to look for naturally
occurring disparities between the owners/key employees, and the rank & file. Some of the areas include differences in tenure, pay, position title & age to name a few. Each of these differences allow additional percentages of gross payroll to be saved pre-tax without the customary reciprocal amounts towards the rank & file.
* Great success in hitting & exceeding pre-tax Defined
Contribution Plan Limits ($40,000)
We offer the most comprehensive & sophisticated 401(k)profit sharing plans, Differed Comp Plans & Cross Tested Cash Balances Accounts in the industry. With over 500 client companies & over 10,000 work-site employees, we offer large company programs & benefits to both your practice and the industry. My goal is to help your group reduce the time spent on non-revenue producing duties, allowing the redirection & focusing of resources on income producing activities. Our client practices typically realize improved cash flow, lower turnover & increased discretionary time.
Payroll Outsourcing * Human Resource Outsourcing * Pre Employment Screening * Small Business Profit Sharing Plan * Employee Benefits
