Most businesses are already outsourcing payroll, employee benefits and retirement plan services to multiple service providers.
Common results of this practice are multiple invoices and information systems, multiple contacts, layers of paper and a great deal of time wasted. Our ASO model is designed to consolidate the requirements associated with employing people into a streamlined and cost-effective solution.
An additional benefit of being a CGO ASO Client is the opportunity to become an Adopting Employer in our Multiple Employer 401(k) Retirement Savings Plan. Under this arrangement your Plan Assets are consolidated with those of other CGO Clients under a common contract. All assets and plan testing continue to be exclusive to your company and participants while providing the following additional benefits.
Our ASO model offers the ultimate solution for businesses looking for administrative relief and professional management of their employment and human resource practices.
By integrating payroll, employee benefits, 401(k) plan requirements and employment administration into a streamlined and efficient system that results in a single point of delivery, our clients can reallocate internal resources toward more strategic initiatives that drive better business results.
To better illustrate the potential benefits, let’s look at some traditional HR processes compared to our Connor & Gallagher OneSource (CGO) ASO model.