Paychex vs PrestigePEO

Paychex is a leading supplier of comprehensive human capital management systems for payroll, employee benefits, human resources, retirement plans, and business insurance services in the US and Northern Europe. Paychex, Inc. (NASDAQ: PAYX) was founded in 1971 and has more than 730,000 client companies, mostly small to medium-sized businesses but also larger businesses. They are considered one of the top companies in their field, claiming to pay 1 in 12 employees in the private sector. They offer three package categories tailored to fit a business's size and needs, with flexible payment options. They also boast easy-to-use online services and expert consultants that ensure proper federal and state compliance and can get you valuable tax credits and phone and online support. Paychex services vary according to the organization's needs and size, with a base monthly cost of $39 plus $5 per employee.

PrestigePEO is a PEO that provides HR services to small and medium-sized businesses (SMBs) in eight industries. It is headquartered in Melville, NY, and was founded in 1998 by Andrew Lubash, and became a member of the National Association of Professional Employer Organizations (NAPEO) that same year. It is accredited to service clients in 48 states and is ranked #12 out of more than 487 PEOs nationwide. Its services include employee benefits, HR management and consulting, payroll, workplace compliance, retirement planning, HR technologies, and workers' compensation. It does not share specific solution plans or pricing on the website, so prospective clients have to submit a form or call for a personalized quote. PrestigePEO holds the Employer Services Assurance Corporation (ESAC) certification and the Certificate Institute (CI) Workers' Compensation certification. They also hold CPEO certification from the IRS. It is one of only 1% of PEOs in the US to retain all three industry certifications.