EMPLOYER SERVICES ASSURANCE CORPORATION
Nextep was accredited and became a participant in ESAC’s Client Assurance Program in September 2004. Accreditation with ESAC allows Nextep to provide assurance to our clients, worksite employees, insurers, taxing authorities and regulators. Established in 1995, ESAC provides financial assurance to clients through surety bonds held by the Employer Services Trust on behalf of each participating PEO. In order to provide this financial guarantee, ESAC has a strict monitoring process of ethical, financial and operational standards to ensure continued compliance. ESAC’s program provides assurance similar to that of the highly respected FDIC for the banking industry. Since its inception in 1995, ESAC has not had a single default by an accredited firm, any unresolved complaints, nor any litigation.
Third-party verification that our firm is stable financially, in compliance with rules and regulations set by state and federal governments, and is ethically and operationally sound.
Financial protection with a $1 million surety bond per PEO and $10 million in excess coverage.
Quarterly verification of compliance with timely:
• Payment of state and federal payroll taxes
• Contributions to employee retirement plans and
• payment of health insurance premiums.
For more information, please click the link below or visit the ESAC website at www.esacorp.org.
|
