AspenHR obtains a national distinction
Posted: October 5, 2021 at 11:00 a.m. EDT|Update: 8 hours ago
SAN FRANCISCO, October 5, 2021 / PRNewswire / – AspenRH, a professional employers’ organization (PEO) providing white glove HR solutions to the world’s leading alternative investment funds and their portfolio companies, today announced that it has achieved accreditation through the Employer Services Insurance Corporation (ESAC) Client Insurance Program, the benchmark accreditation for professional employers’ organizations (PEO).
“Obtaining ESAC accreditation is a tremendous accomplishment for our organization,” said Marc Sinatra, CEO of AspenHR. “The ESAC accreditation underlines the quality of our services. It also assures our valued clients that we meet the highest standards of financial and executive integrity throughout the industry.
ESAC’s client assurance program monitors PEOs for compliance with important financial, ethical and operational standards. The ESAC program provides tangible assurance of specific employer responsibilities similar to the FDIC for the banking sector. These responsibilities include paying salaries, taxes, benefits and insurance premiums; all covered by more $ 15 million bond for AspenHR customers.
“ESAC accredited PEOs demonstrate their commitment to protecting the public, insurers and regulators,” said CEO of ESAC Kerry Brooks. “We congratulate AspenHR on achieving ESAC accreditation.”
“AspenHR is an esteemed company. Only 9% of PEOs have been able to achieve ESAC accreditation, but these PEOs collectively represent about 75% of salaries processed across the PEO industry,” said Jeff Welton, CFO and co-founder of AspenHR.
ESAC has provided national standards and assurance for the PEO industry since 1995 without a single defect from an accredited PEO. Its programs are governed by a board of directors comprising former regulators with over 100 combined years of experience in PEO regulation.
Founded in 2017, Aspen HR is a professional employers’ organization (PEO) providing white-glove HR solutions to the world’s leading alternative investment funds and their portfolio companies. AspenHR provides concierge human resource management services that include, benefits advice and administration, payroll and payroll tax administration, workers’ compensation insurance programs, HR compliance, HR training and cloud technology HR. AspenHR’s white glove experience model helped retain 100% of customers in 2021. For more information, visit www.aspenhr.com
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