Mark Perlberg Elected ESAC Chairman
Mark Perlberg, President and CEO of Oasis Outsourcing, was elected as ESAC's Chairman during the recent accredited PEO annual meeting held in Scottsdale, AZ. Mark will lead ESAC's board of directors in its oversight of ESAC's accreditation and assurance program, including accomplishing his goals of strengthening ESAC and helping PEOs of all sizes benefit from ESAC's accreditation services and sales & marketing benefits.
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Tom Shehan and John Slavic Welcomed to ESAC Board
Representatives from ESAC-accredited PEOs elected new directors to the ESAC board during their 2012 annual meeting. Tom Shehan, President & CEO of Nextep was elected as a PEO Industry Director and John Slavic, President of Slavic 401k was elected as a Professional Advisory Director. Accredited PEOs also elected board officers including Mark Perlberg as Chairman, Rex Eley as President/CEO, Wayne Quigg as Secretary/Treasurer and Bob Adams as Immediate Past Chairman. View information on these new directors as well as ESAC's other board members.
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Wall Street Journal Recognizes Accreditation Value
Click here to read the most recent Wall Street Journal article describing the PEO service relationship and emphasizing the importance of ESAC accreditation in the PEO selection process.
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Texas and Oklahoma Approve ESAC's eMAC Services!
ESAC has recently received approval as a qualified assurance organization from both the Texas Dept. of Licensing and Regulation and the Oklahoma Insurance Department. These approvals enable accredited PEOs to enjoy the advantage of more efficient verification of compliance with the PEO licensing and registration requirements for these two states. Thirteen states now accept ESAC’s regulatory services, including its eMAC service, which are provided to the states free of charge.
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Engage PEO Earns ESAC Accreditation
Engage PEO of St. Petersburg, FL recently earned its ESAC accreditation. This firm joins other ESAC-accredited PEOs in enjoying the many advantages of ESAC such as the sales & marketing benefits of ESAC's Client Assurance Program, opportunities for significant savings through ESAC's endorsed surety bond program, and savings in multi-state licensing costs via ESAC's eMAC services. Congratulations, Engage!
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ESAC Welcomes Professional Advisory Directors
Four new Professional Advisory Director positions on ESAC's board were recently filled by Steve McCarty (Partner, UHY LLP), Dan McHenry (President, McHenry Consulting), John Polson (Partner, Fisher & Phillips LLP), and Wanda Silva (President, Silva Capital Solutions). The unique broad industry perspective of these directors will help support ESAC's accreditation and financial assurance mission, and ensure good decisions continue to be made in ESAC's role of helping the PEO industry establish credibility and trust with state regulators. Like all Industry directors, Professional Advisory Directors will not have access to confidential information about any PEO but will have full voting rights on all other matters related to ESAC’s mission.
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eMAC Services Benefit PEOs and State Regulators
ESAC recently improved its online services to more efficiently provide access to its paperless Electronic Multi-state Application and Compliance (eMAC) services. ESAC’s eMAC service was designed to save both state agencies and PEOs maximum time and money while providing more effective compliance monitoring and financial assurance than would otherwise be possible.
ESAC’s eMAC service allows participating accredited PEOs to comply with multiple state registration and licensing requirements by submitting information one time online. Authorized state regulators then have fast, efficient and secure online access via eMAC to required PEO information that has been submitted and attested to by the PEO or the PEO’s independent CPA.
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ESAC Financial Assurance Covers Over $40 Billion in Employee Wages
ESAC now serves PEOs representing over $40 billion in annual employee wages with accredited firms ranging in size from small PEOs operating in one state to larger PEOs operating nationally. Accredited PEOs consist of 126 PEO entities within 30 PEO Groups. Any PEO's accreditation status may be verified from the "Verify" or "Find" links to the left.
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ESAC Doubles Its Financial Assurance
The services of ESAC accredited PEOs are now backed by a total of $11 million in financial assurance for accredited PEO clients, worksite employees, taxing authorities and insurers. Based on the perfect record of ESAC’s financial assurance program, the surety carrier backing this program has doubled the FDIC-type assurance from $5 million to $10 million in excess coverage in addition to the $1 million surety bond backing each individual accredited PEO.
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ESAC has developed a 4 minute video to help PEO clients, prospects, the general business community and representatives from state and federal agencies learn more about the ESAC advantage. Customized versions of this movie are available to accredited PEOs for their use in marketing the value of accreditation.
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