PrestigePEO's Press Releases - Latest Updates & Announcements https://www.prestigepeo.com/press-releases/ Payroll, Benefits & Human Resources Simplified Mon, 04 Nov 2024 15:11:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 /wp-content/uploads/2020/03/cropped-favicon-32x32.png PrestigePEO's Press Releases - Latest Updates & Announcements https://www.prestigepeo.com/press-releases/ 32 32 PrestigePEO Acquires Georgia-Based PEO, Teamwork Services Expanding Reach and Increasing Service Offerings https://www.prestigepeo.com/press-release/teamwork-services-acquisition/ Mon, 04 Nov 2024 15:11:52 +0000 https://www.prestigepeo.com/?p=32949 The post PrestigePEO Acquires Georgia-Based PEO, Teamwork Services Expanding Reach and Increasing Service Offerings appeared first on PrestigePEO.

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Melville, NY — November 4, 2025 PrestigePEO, a leading Professional Employer Organization (PEO), announced the acquisition of Teamwork Services, Inc., headquartered in Brunswick, Georgia. This strategic transaction, finalized on October 25, 2024, represents a pivotal step in expanding PrestigePEO’s geographic footprint and service capabilities.

Expanding Capabilities and Market Reach

The acquisition of Teamwork Services will allow PrestigePEO to extend its market reach in the Southeastern United States, providing a broader network of clients and benefits brokers with high-quality Fortune 500-level employee benefits, compliance and risk management solutions, and extensive HR support. This acquisition strengthens PrestigePEO’s mission to empower small and medium-sized businesses (SMBs) with the tools they need to scale and succeed in a competitive landscape.

Bringing Teamwork Services into the PrestigePEO family represents an incredible opportunity to enhance our service delivery and expand our reach,” said Andy Lubash, CEO of PrestigePEO. “Our shared commitment to providing premium benefits and personalized service will enable us to make a meaningful difference for businesses and broker partners across the Southeast, helping them grow and thrive in an evolving marketplace.”

Strategic Value and Executive Insight

PrestigePEO and Teamwork Services share a strong client-centric approach grounded in innovation, professionalism, and deep industry expertise. The collaboration will provide expanded solutions for clients while maintaining the high service standards each company is known for.

Robyn Rusignuolo, COO of PrestigePEO, commented, “This acquisition is a great match between companies with proven leadership and a commitment to providing an excellent service experience. We are thrilled to welcome Teamwork Services’ clients, employees, and partners into our network, and we look forward to leveraging our combined expertise to support PrestigePEO’s market expansion.”

Pam Morris, President of Teamwork Services, expressed her enthusiasm: “We are excited to join forces with PrestigePEO and bring expanded resources and benefits to our valued clients. PrestigePEO’s innovative approach to HR and compliance aligns perfectly with our mission to provide personalized and effective HR solutions. This partnership will only strengthen the support and expertise we can offer.”

About PrestigePEO

PrestigePEO is one of the nation’s leading PEOs, offering premium employee benefits, comprehensive HR solutions, compliance guidance, payroll management, retirement plan options, and more. PrestigePEO supports benefits brokers and their small and medium-sized business clients by providing personalized services and Fortune 500-caliber benefits, empowering businesses to scale confidently and successfully. Headquartered in Melville, NY, PrestigePEO operates nationwide, focusing on client support and industry-leading service.

To learn more about, visit www.prestigepeo.com and follow PrestigePEO on LinkedIn, Facebook, X, Instagram, and YouTube.

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PrestigePEO CEO Andrew Lubash Honored with 2024 NAPEO Doyle Award https://www.prestigepeo.com/press-release/napeo-2024-doyle-award-winner/ Mon, 07 Oct 2024 13:39:40 +0000 https://www.prestigepeo.com/?p=32731 The post PrestigePEO CEO Andrew Lubash Honored with 2024 NAPEO Doyle Award appeared first on PrestigePEO.

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Melville, NY – October 1, 2024 – PrestigePEO is proud to announce that its founding partner and CEO, Andrew Lubash, has been named the recipient of the prestigious 2024 Michaeline A. Doyle Award, honoring his exceptional contributions to the Professional Employer Organization (PEO) industry. The award, selected and presented by industry peers at the annual National Association of Professional Employer Organizations (NAPEO) conference, recognizes individuals who embody the relentless spirit and commitment to excellence exemplified by Michaeline Doyle, a pioneer in the PEO industry.

As a leader who has dedicated his career to advancing the PEO industry, Andrew’s recognition is a testament to his tireless efforts in promoting best practices, building strong relationships, and fostering industry growth. His leadership has been fundamental in elevating PrestigePEO’s reputation as one of the nation’s leading PEOs while maintaining its close-knit, service-oriented atmosphere even as the company continues to expand.

I am deeply honored to receive the 2024 Doyle Award,” said Andrew Lubash. I have always admired Michaeline Doyle’s legacy of hard work and dedication. To be recognized with this award is humbling, and I am proud to continue promoting the values and standards she embodied.

Beyond his role as CEO of PrestigePEO, Andrew has made significant contributions to the PEO community through his active involvement in NAPEO. He has served in numerous leadership roles, including Chair, Vice-Chair, and State Government Affairs Committee Chair. He is recognized as an industry leader on local, state, and national levels, and his work with NAPEO has helped ensure the industry’s future.

The NAPEO Doyle Award is one of the highest honors in the PEO community. It is awarded to those who exemplify outstanding service, leadership, and commitment to the industry. Andrew’s passion for fostering relationships with clients and industry peers aligns perfectly with Michaeline Doyle’s legacy of service and industry advancement.

PrestigePEO congratulates Andrew Lubash on this well-deserved honor and is proud to have him at its helm, continuing to shape the future of the PEO industry.

About PrestigePEO

PrestigePEO is a leading professional employer organization (PEO) that provides small and medium-sized businesses with comprehensive solutions, including employee benefits management, payroll processing, compliance support, retirement services, and risk management. With a client-centric approach and industry-leading expertise, PrestigePEO empowers businesses to grow while offering best-in-class service and support.

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PrestigePEO Ranks on the 2024 INC. 5000 LIST With Three-Year Revenue Growth of 115 Percent https://www.prestigepeo.com/press-release/inc-5000-2024/ Tue, 24 Sep 2024 18:45:55 +0000 https://www.prestigepeo.com/?p=32701 The post PrestigePEO Ranks on the 2024 INC. 5000 LIST With Three-Year Revenue Growth of 115 Percent appeared first on PrestigePEO.

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Company Ranks on List for the Twelfth Time Since 2008

MELVILLE, N.Y. … September 17, 2024… PrestigePEO, one of the nation’s largest professional employer organizations (PEO), announced today it ranked #3960 on Inc. Magazine’s annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. This placement demonstrates PrestigePEO’s 115 percent revenue growth over the past three years and marks the twelfth time since 2008 in which the company has appeared on the list.

The list represents a distinct look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. PrestigePEO received this honor because of its client-first focus that provides premium employee benefits as well as personalized HR, compliance, and payroll support. PrestigePEO offers full-service HR support, capable of performing all duties of an in-house HR staff.

It’s a great achievement to be included on the Inc. 5000 list for the twelfth time. The Inc. 5000 list has always been an indicator of business growth and success, and we have achieved this recognition once again because of our unwavering commitment to service. I am extremely proud of my colleagues and the efforts put forth, all of which contributed to this prestigious ranking,” said Andrew Lubash, PrestigePEO founder and Chief Executive Officer.

Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023.

We are honored to be included in the Inc. 5000 list once again. This recognition is a testament to the dedication and hard work of PrestigePEO’s employees. Since joining the company in 2023, I have witnessed the company’s relentless pursuit of excellence firsthand. This latest achievement is a milestone on our journey toward even greater success, as we remain committed to delivering outstanding value to our clients,” said Robyn Rusignuolo, Chief Operating Officer of PrestigePEO.

Achieving a place on the Inc. 5000 list is a significant honor for PrestigePEO, especially given the challenges businesses have faced in recent years. This accomplishment highlights the dedication and resilience of the PrestigePEO team as the company continues to grow and support its clients. Being recognized among the nation’s fastest-growing companies reinforces PrestigePEO’s commitment to excellence and positions it as a leader in shaping the future of the HR industry.

About Inc. Media

Inc. is the world’s most trusted business-media brand, providing entrepreneurs with the knowledge, tools, connections, and community to build successful companies. Its award-winning, multiplatform content reaches more than 50 million people monthly through websites, newsletters, social media, podcasts, and print. Since 1982, Inc.’s prestigious Inc. 5000 list has analyzed company data to recognize the fastest-growing privately held businesses in the U.S. Inclusion on the Inc. 5000 offers founders access to a unique community of their peers and the credibility to drive sales and recruit top talent. Inc. also produces the highly regarded Inc. 5000 Vision Conference and other bespoke events for entrepreneurs. For more information, visit www.inc.com.

About PrestigePEO

Melville, N.Y.-based PrestigePEO offers comprehensive, end-to-end human resources (HR) solutions for small and medium-sized businesses (SMBs), managing all essential HR operations, including employee benefits, payroll administration, compliance, and HR guidance. PrestigePEO’s integrated services help SMBs lower employee benefit costs, streamline administrative tasks, and manage critical HR functions efficiently.

PrestigePEO is among the elite one percent of PEOs accredited by the Employer Services Assurance Corporation (ESAC) and certified (CI) in Workers’ Compensation Risk Management. The company is also recognized by the IRS as a Certified Professional Employer Organization (CPEO), showcasing its financial stability and adherence to strict regulatory and security standards.

To learn more, visit www.prestigepeo.com and follow PrestigePEO on Facebook, X (formerly Twitter), LinkedIn, and YouTube.

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PrestigePEO Wins Two Stevie Awards in 2024 American Business Awards https://www.prestigepeo.com/press-release/stevie-awards-2024/ Tue, 07 May 2024 19:23:13 +0000 https://www.prestigepeo.com/?p=30738 The post PrestigePEO Wins Two Stevie Awards in 2024 American Business Awards appeared first on PrestigePEO.

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MELVILLE,  N.Y. – May 8, 2024 – PrestigePEO, one of the nation’s largest professional employer organizations (PEO), announced today it was named winner of two Bronze Stevie® Awards in both the Company of the Year – Business & Professional Services – Medium and Achievement in Sales or Revenue Generation categories of The 22nd Annual American Business Awards®.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. Nicknamed the Stevies for the Greek word meaning “crowned,” the awards will be presented to winners at a gala ceremony at the Marriott Marquis Hotel in New York on Tuesday, June 11.

PrestigePEO was recognized in this prestigious competition for its distinctive model and service offering to small and medium-sized businesses (SMBs) as well as its commitment to customer service, market expansion, and introduction of innovative solutions. As a PEO, PrestigePEO supports SMBs nationwide by providing an extensive menu of human resources and administrative services to expand their employee benefits offerings and provide their HR operations with deep guidance and expertise.

“This recognition is a tribute to PrestigePEO’s team. They work tirelessly every day to ensure our clients and their employees receive exceptional service and a broad portfolio of best-in-class benefits options. Our distinctive service model is dedicated to the delivery of top-notch service, which is the primary reason why PrestigePEO was recognized by the Stevie Awards program,” commented PrestigePEO’s Chief Operating Officer Robyn Rusignuolo.

“From our humble roots as an entrepreneurial start-up organization in 1998, PrestigePEO has since morphed into one of the nation’s top PEOs. We earned this ranking not only from our ever-increasing menu of benefits and services but also because of the people we employ, the diverse companies we serve, and our unrelenting efforts to continually expand our offerings. We thank the judges for recognizing our company and team,” said PrestigePEO Chief Executive Officer Andrew Lubash.

An excess of 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. More than 300 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

Details about The American Business Awards and the list of 2024 Stevie winners are available at www.StevieAwards.com/ABA.

About the Stevie Awards

Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the new Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

About PrestigePEO

Melville, N.Y.-based PrestigePEO, also known as Prestige Employee Administrators LLC, provides integrated, end-to-end outsourced solutions to small and medium-sized businesses (SMBs) for managing all integral benefits and human resources operations. This includes support for employee benefits management, payroll administration, workers’ compensation, compliance, and HR guidance, among other areas. PrestigePEO’s full spectrum of solutions helps SMBs lower employee benefit costs, reduce administrative workloads, and manage critical HR functions.

PrestigePEO is among only 1% of PEOs accredited by the Employer Services Assurance Corporation (ESAC), certified (CI) through Workers Comp Risk Management and classified as a Certified Professional Employer Organization (CPEO) by the IRS – demonstrating financial stability and strict adherence with a diverse range of regulatory and security standards.

To learn more, visit www.prestigepeo.com and follow PrestigePEO on Facebook, Twitter, LinkedIn and YouTube.

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Gradient AI’s SAIL Delivers Enhanced Group Health Risk Assessment and Underwriting Intelligence to PrestigePEO https://www.prestigepeo.com/press-release/gradient-ai/ Tue, 19 Mar 2024 14:16:22 +0000 https://www.prestigepeo.com/?p=30106 The post Gradient AI’s SAIL Delivers Enhanced Group Health Risk Assessment and Underwriting Intelligence to PrestigePEO appeared first on PrestigePEO.

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PrestigePEO Leverages AI-driven Insights for Informed Decision-Making and Optimal Pricing Strategies

Boston, MA March 19, 2024Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced successful results of the implementation of its SAIL™ AI Solution by PrestigePEO, one of the nation’s largest professional employer organizations (PEO).

SAIL provides comprehensive insights into group health risks, enabling data-driven decision-making, smarter underwriting, and more accurate pricing strategies. In PrestigePEO’s case, which offers large-company employee benefits and HR services to small and medium-sized businesses (SMBs), SAIL enables the company to identify both good risk and bad risk among SMB populations covered under its umbrella of services and streamline group insurance selection processes while supporting its growth strategy.

Before adopting SAIL, PrestigePEO faced challenges in acquiring comprehensive information about the risk profiles of various groups, hindering its ability to make informed underwriting decisions for group health insurance for the SMBs it serves.

Gradient AI’s SAIL Solution has significantly enhanced PrestigePEO’s underwriting process. By harnessing SAIL’s advanced machine learning capabilities and vast de-identified data sources, PrestigePEO now possesses a comprehensive understanding of group risk profiles. This knowledge empowers its underwriters to make data-driven decisions, leading to more accurate pricing and improved risk management strategies.

Andrew Lubash, PrestigePEO founder and CEO, said, “The knowledge derived from SAIL enables PrestigePEO to strategically determine pricing for plans tailored for SMBs. This AI solution recognizes different risk factors, providing guidance on adopting a more assertive pricing approach during low-risk scenarios and when to reconsider or adjust pricing to accommodate higher risks. This aids in gaining a deeper understanding of the marketplace dynamics and the businesses we engage with, ultimately enhancing our decision-making process.”

“SAIL has significantly improved PrestigePEO’s underwriting process,” said Stan Smith, founder and CEO of Gradient AI. “By providing actionable insights into group risk profiles, SAIL enables PrestigePEO to make better and more informed decisions, ultimately leading to improved loss ratios and enhanced profitability.”

About PrestigePEO

Melville, N.Y.-based PrestigePEO, also known as Prestige Employee Administrators LLC, provides integrated, end-to-end outsourced solutions to small and medium-sized businesses (SMBs) for managing all integral benefits and human resources operations. This includes support for employee benefits management, payroll administration, workers’ compensation, compliance, and HR guidance, among other areas. PrestigePEO’s full spectrum of solutions helps SMBs lower employee benefit costs, reduce administrative workloads, and manage critical HR functions.

PrestigePEO is among only 1% of PEOs accredited by the Employer Services Assurance Corporation (ESAC), certified (CI) through Workers Comp Risk Management and classified as a Certified Professional Employer Organization (CPEO) by the IRS – demonstrating financial stability and strict adherence with a diverse range of regulatory and security standards.

To learn more, visit www.prestigepeo.com and follow PrestigePEO on Facebook, Twitter, LinkedIn and YouTube.

About Gradient AI

Gradient AI is a leading provider of proven artificial intelligence (AI) solutions for the insurance industry. Its solutions improve loss ratios and profitability by predicting underwriting and claim risks with greater accuracy, as well as reducing quote turnaround times and claim expenses through intelligent automation. Unlike other solutions that use a limited claims and underwriting dataset, Gradient AI’s software-as-a-service (SaaS) platform leverages a vast industry data lake comprising tens of millions of policies and claims. It also incorporates numerous other features, including economic, health, geographic, and demographic information. Customers include some of the most recognized insurance carriers, MGAs, MGUs, TPAs, risk pools, PEOs, and large self-insured employers across all major lines of insurance. By using Gradient AI’s solutions, insurers of all types achieve a better return on risk. To learn more about Gradient AI, please visit https://www.gradientai.com.

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PrestigePEO Ranks #18 on Crain’s New York 2023 Business’ Largest Privately Held Companies List https://www.prestigepeo.com/press-release/crains-new-york-2023/ Tue, 30 Jan 2024 16:19:52 +0000 https://www.prestigepeo.com/?p=28530 The post PrestigePEO Ranks #18 on Crain’s New York 2023 Business’ Largest Privately Held Companies List appeared first on PrestigePEO.

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Company remains in the top 20 out of 125 businesses in 2023

Melville, NY – January 30, 2024 – PrestigePEO, one of the nation’s largest professional employer organizations (PEO) offering large-company employee benefits and HR services to small and medium-sized businesses (SMBs), announced today it ranked 18th on Crain’s  New York 2023 Business’ Largest Privately Held Company List. This marks the third year that the Company has kept its placement in the top 20 among over 100 organizations.

Each year, Crain’s, a local publication focused on New York area business, ranks local privately held businesses by annual revenue. The 2023 list includes 125 New York-area companies.

“Maintaining a position in the top 20 among New York businesses is truly remarkable. With numerous companies in the greater New York area, being acknowledged by Crain’s serves as the motivation to continue excelling in this industry. We take pride in our ongoing progress, expanding service models, and enhanced product offerings. I commend our teams for their hard work and achievements in 2023, and I am confident that we will achieve even greater success in 2024.” said Andrew Lubash, PrestigePEO founder and chief executive officer.

About PrestigePEO

Melville, N.Y.-based PrestigePEO, also known as Prestige Employee Administrators LLC, provides integrated, end-to-end outsourced solutions to small and medium-sized businesses (SMBs) for managing all integral benefits and human resources operations. This includes support for employee benefits management, payroll administration, workers’ compensation, compliance, and HR guidance, among other areas. PrestigePEO’s full spectrum of solutions helps SMBs lower employee benefit costs, reduce administrative workloads, and manage critical HR functions.

PrestigePEO is among only 1% of PEOs accredited by the Employer Services Assurance Corporation (ESAC), certified (CI) through Workers Comp Risk Management and classified as a Certified Professional Employer Organization (CPEO) by the IRS – demonstrating financial stability and strict adherence with a diverse range of regulatory and security standards.

To learn more, visit www.prestigepeo.com and follow PrestigePEO on Facebook, Twitter, LinkedIn and YouTube.

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PrestigePEO Named 2023 Winner in the BIG Awards for Business Program https://www.prestigepeo.com/press-release/big-awards/ Wed, 17 Jan 2024 16:08:23 +0000 https://www.prestigepeo.com/?p=28375 The post PrestigePEO Named 2023 Winner in the BIG Awards for Business Program appeared first on PrestigePEO.

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MELVILLE, N.Y., January 17, 2024 – PrestigePEO, one of the nation’s leading professional employer organizations (PEOs), announced today it received Business Intelligence Group’s BIG Awards for Business. The Company was named a winner in the Small Business of the Year category.

Business Intelligence Group’s BIG Awards for Business program rewards companies, products, and people who are leaders in their respective industries.

PrestigePEO, which provides a broad range of human resources outsourcing services, was recognized for its customer-focused service model, strategic human resources consultation, diverse employee benefits service offerings and outstanding 2023 performance.

“In 2023, we improved our technological infrastructure and extended the range of HR services we offer clients. These advancements were primarily driven by the valuable feedback our clients provide, which enables us to better cater to their needs and facilitate the growth of their businesses. We appreciate the recognition PrestigePEO received from Business Intelligence Group and are honored the judges took note of both the efforts put forth and dedication exhibited by our entire team,” said Robyn Rusignuolo, chief operating officer.

Andrew Lubash, PrestigePEO founder and chief executive officer, added: “For more than two decades, PrestigePEO has remained dedicated to delivering immense value to our small and medium-sized business clients via our hands-on service approach. Our team members build strong connections with the brokers with whom we work and the clients we serve, along with our clients’ employees. This longstanding personal bond results in ongoing referrals, which significantly contributes to our continued growth, and is among the key reasons for PrestigePEO earning this prestigious award from Business Intelligence Group.”

“In the spirit of achievement and excellence, we congratulate PrestigePEO on their outstanding success in 2023. Their victory exemplifies the highest standards of innovation and business acumen,” said Maria Jimenez, chief nominations officer. “Kudos to all the winners who have demonstrated unparalleled excellence, collectively shaping the future of business. May this recognition inspire continued greatness in the years to come.”

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

About PrestigePEO

Melville, N.Y.-based PrestigePEO provides integrated, end-to-end human resources (HR) solutions to small and medium-sized businesses (SMBs) for managing all essential human resources operations. This includes support for employee benefits management, payroll administration, compliance, and HR guidance, among others. PrestigePEO’s full spectrum of HR services and solutions helps SMBs lower employee benefit costs, reduce administrative workloads, and manage critical HR functions.

PrestigePEO is among only one percent of PEOs accredited by the Employer Services Assurance Corporation (ESAC), certified (CI) through Workers Comp Risk Management, and classified as a Certified Professional Employer Organization (CPEO) by the IRS – demonstrating financial stability and strict adherence with a diverse range of regulatory and security standards.

To learn more, visit www.prestigepeo.com and follow PrestigePEO on Facebook, Twitter, LinkedIn, and YouTube.

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PrestigePEO Ranks on 2023 Inc. 5000 List with Three-Year Growth of 135 Percent https://www.prestigepeo.com/press-release/inc-5000-2023/ Fri, 27 Oct 2023 14:07:16 +0000 https://www.prestigepeo.com/?p=26088 The post PrestigePEO Ranks on 2023 Inc. 5000 List with Three-Year Growth of 135 Percent appeared first on PrestigePEO.

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Company Ranks on List for the Eleventh Time Since 2008

MELVILLE, N.Y., October 26, 2023 –  PrestigePEO, one of the nation’s largest professional employer organizations (PEO), announced today it ranked #3615 on Inc. Magazine’s annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. This placement demonstrates PrestigePEO’s 118 percent revenue growth over the past three years and marks the eleventh time since 2008 in which the company has appeared on the list.

The list represents a distinct look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. PrestigePEO received this honor because of its client-first focus that provides personalized HR, compliance, and employee benefits support. PrestigePEO offers full-service HR support, capable of performing all duties of an in-house HR staff.

“It’s a great achievement to be included on the Inc. 5000 list for the eleventh time. The Inc. 5000 list has always been an indicator of business growth and success, and we have achieved this recognition once again because of our commitment to service. I am extremely proud of my colleagues and the efforts put forth, all of which contributed to this prestigious ranking,” said Andrew Lubash, PrestigePEO founder and Chief Executive Officer.

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022.

“We are honored to be included in the Inc. 5000 list once again. This recognition is a testament to the dedication and hard work of PrestigePEO’s employees. I joined the company in 2023 and have seen PrestigePEO’s commitment to excellence and relentless pursuit of growth firsthand. This latest achievement is a milestone on the company’s journey towards even greater success, as we remain steadfast in our mission to deliver outstanding value to our clients,” said Robyn Rusignuolo, Chief Operating Officer of PrestigePEO.

“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that it requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

About PrestigePEO

Melville, N.Y.-based PrestigePEO provides integrated, end-to-end human resources (HR) solutions to small and medium-sized businesses (SMBs) for managing all essential human resources operations. This includes support for employee benefits management, payroll administration, compliance, and HR guidance, among others. PrestigePEO’s full spectrum of HR services and solutions helps SMBs lower employee benefit costs, reduce administrative workloads, and manage critical HR functions.

PrestigePEO is among only one percent of PEOs accredited by the Employer Services Assurance Corporation (ESAC), certified (CI) through Workers Comp Risk Management, and classified as a Certified Professional Employer Organization (CPEO) by the IRS – demonstrating financial stability and strict adherence with a diverse range of regulatory and security standards.

To learn more, visit www.prestigepeo.com and follow PrestigePEO on FacebookTwitterLinkedIn, and YouTube.

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PrestigePEO to Celebrate First Annual National PEO Week May 21-27, 2023 https://www.prestigepeo.com/press-release/national-peo-week/ Sun, 21 May 2023 15:02:51 +0000 https://www.prestigepeo.com/?p=23418 The post PrestigePEO to Celebrate First Annual National PEO Week May 21-27, 2023 appeared first on PrestigePEO.

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Inaugural Week Recognizes Professional Employer Organization’s (PEOs) Critical Role in Helping Small and Mid-Size Businesses Survive and Thrive

Melville, NY, May 21, 2023 – PrestigePEO, one of the nation’s leading professional employer organizations (PEOs), announced today it is joining hundreds of other PEOs in celebrating the inaugural National PEO Week May 21-27, 2023. National PEO Week, sponsored by the National Association of PEOs (NAPEO), recognizes the industry’s important contributions to the U.S. economy through its support of small and mid-size businesses (SMBs).

PEOs provide SMBs with a broad range of support services, including, but not limited to, employee benefits, compliance assistance, human resources (HR) support, and payroll administration. Over the past decade, the PEO industry has quadrupled as an increasing number of businesses turn to PEOs for access to a full suite of employee benefits that aid in managing business expenses and help increase profitability.

By engaging with a PEO, SMBs are better positioned to remain focused on the core mission and growth of their businesses. There are four million employees served by 175,000 PEOs today. Approximately 15 percent of all employers with 10 to 100 employees use PEOs to better manage and support their businesses. As a part of their services to SMBs and their employees, PEOs also provide access to certified HR professionals. Through this service, PEOs help small businesses comply with myriad federal, state, and local employment laws.

Studies by noted economists Laurie Bassi and Dan McMurrer showed that businesses that engage with a PEO grow 7 -9 percent faster, have a 10 – 14 percent lower employee turnover, and are 50 percent less likely to go out of business.

“The daily support we provide to SMBs affords them and their employees access to a broad range of high-quality benefits and services that would otherwise be inaccessible. Partnering with a PEO like PrestigePEO enables our SMB clients to leverage the scope and size of the overall pool of businesses we serve,” said Andrew Lubash, PrestigePEO founder, chief executive officer, and leadership council chair at NAPEO.

“National PEO Week is a time to recognize the importance of PEOs and their SMB clients. It’s a chance for us to pay homage to our growing client base, the broker partners who represent PrestigePEO’s services in the marketplace, and our hard-working employees. We appreciate the efforts of all stakeholders involved in the PEO industry, as their contributions are truly making a difference for SMBs and the important role they play in the U.S. economy,” Lubash concluded.

PEOs can be particularly key to the success of their clients during challenging times. Looking back at the dark days of the COVID-19 pandemic, PEOs helped ensure that businesses stayed afloat by assisting them with critical actions like securing PPP loans and applying for loan forgiveness, managing employee leave, and applying for available tax credits. In fact, during the pandemic, businesses that partnered with a PEO were nearly 60 percent less likely to have permanently closed than those that did not use a PEO.

About National PEO Week

National PEO Week has been officially recognized in the federal Congressional Record and by the National Day organization, which approves only 30 requests for official designations out of the 25,000 applications it receives yearly. It will be celebrated the third week in May annually. For more information on the PEO industry and National PEO Week, visit www.PEOWeek.com.

About PrestigePEO

Melville, N.Y.-based PrestigePEO provides integrated, end-to-end human resources (HR) solutions to small and medium-sized businesses (SMBs) for managing all essential human resources operations. This includes support for employee benefits management, payroll administration, compliance, and HR guidance, among others. PrestigePEO’s full spectrum of HR services and solutions helps SMBs lower employee benefit costs, reduce administrative workloads, and manage critical HR functions.

PrestigePEO is among only one percent of PEOs accredited by the Employer Services Assurance Corporation (ESAC), certified (CI) through Workers Comp Risk Management, and classified as a Certified Professional Employer Organization (CPEO) by the IRS – demonstrating financial stability and strict adherence with a diverse range of regulatory and security standards.

PrestigePEO Holdings, LLC recently acquired StaffLink Outsourcing, LLC, and Advantage Personnel Resources, LLC. Together, all brands work to support small to mid-sized businesses with their HR needs. About TriSpan LLP and TriSpan (USA) LLC (collectively “TriSpan”)

Founded in 2015, TriSpan is a private equity firm with offices in New York and London that invests in lower middle market companies in North America, Europe, and the United Kingdom with annual revenues typically ranging from $20-100 million and/or EBITDA of $2-20 million. TriSpan is committed to creating value by combining deep operational and financial resources to drive strong growth and performance. Since its inception, the firm has invested in 17 platforms totaling more than 70 companies to date. For more information, please visit the firm’s website at www.trispanllp.com.

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PrestigePEO Appoints Robyn Rusignuolo as Chief Operating Officer https://www.prestigepeo.com/press-release/appoints-new-coo/ Thu, 09 Mar 2023 14:14:11 +0000 https://www.prestigepeo.com/?p=20926 The post PrestigePEO Appoints Robyn Rusignuolo as Chief Operating Officer appeared first on PrestigePEO.

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PrestigePEO Appoints Robyn Rusignuolo as Chief Operating Officer

New COO brings tremendous experience and strong operational leadership to PrestigePEO.

Melville, NY, March 9, 2023 – PrestigePEO announced that Robyn Rusignuolo has been appointed new COO of the Company. An experienced business leader, Robyn has assumed responsibilities as of March 6, 2023.

Robyn has extensive experience in the PEO and HR technology industries. She is joining the Company from Gale Healthcare Solutions, a private equity-backed staffing platform with over 50,000 employees, where she held the position of Chief Legal Officer and Corporate Secretary. She previously spent 9 years with Modern Business Associates, a 30,000-employee national PEO, where she held roles including Chief Operating Officer, Chief Legal Officer, and member of its Board of Directors.

Her additional PEO experience includes serving as Executive Vice President and subsequently Vice President with the Premier Family of Companies, which included PEOple Premier Inc. & Community Health Solutions of America. While there, she ran multiple business units, including a PEO, and helped lead M&A efforts, including both acquisitions and two significant sales to Fortune 500 companies. Robyn also co-founded and built SoleVenture, a technology platform that delivers automated HR and compliance support to gig economy workers.

“Robyn brings incredible knowledge and experience to PrestigePEO and specifically this role. She is a great fit for Chief Operating Officer because of her organizational leadership and her experience in managing large scale teams as well as mergers and acquisitions. Since the Company’s goal is to further extend our reach through acquisition, we are confident that Robyn can take us there,” said Andrew Lubash, founder, and CEO of PrestigePEO.

Rusignuolo states, “I am fortunate to have the opportunity to join PrestigePEO during such an exciting time. With its experienced leadership team, unique position in the marketplace, and commitment to customer service, the company is well-positioned for continued significant growth.”

Robyn is a graduate of the University of Georgia and Stetson University College of Law. She has been a member of the Florida Bar since 2006. She will be relocating to New York, where PrestigePEO is headquartered, to spend time with the executive team.

About PrestigePEO

Melville, N.Y.-based PrestigePEO provides integrated, end-to-end human resources (HR) solutions to small and medium-sized businesses (SMBs) for managing all essential human resources operations. This includes support for employee benefits management, payroll administration, compliance, and HR guidance, among others. PrestigePEO’s full spectrum of HR services and solutions helps SMBs lower employee benefit costs, reduce administrative workloads, and manage critical HR functions.

PrestigePEO is among only one percent of PEOs accredited by the Employer Services Assurance Corporation (ESAC), certified (CI) through Workers Comp Risk Management, and classified as a Certified Professional Employer Organization (CPEO) by the IRS – demonstrating financial stability and strict adherence with a diverse range of regulatory and security standards.

To learn more, visit www.prestigepeo.com and follow PrestigePEO on FacebookTwitterLinkedIn, and YouTube.

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