Altor National
How Altor National captures annual savings with PEO 360
Altor captured an impressive 36% total savings in their first year working with PEO 360 and an average of 15% every year after that. Altor generously funds its employee benefits at a 100% employer contribution level. Therefore, all savings are directly realized by Altor as the employer, giving them additional funds to reinvest in their workforce and other growth initiatives.

Overview

Altor National provides medical professional liability insurance and risk management services for physicians, medical groups, and allied healthcare professionals nationwide. As a specialist firm, they are experts at designing the best coverage for your needs and risk profile. “When I learned about the PEO model, it made a lot of sense. The benefit of the pooled risk model and the buying power a PEO gives you was easy to understand and appreciate. That, and the bundled approach to HR, including benefits, payroll, and administrative support, saves us from needing to add a full-time headcount or distract any of our other employees.”

Goals

Altor National’s business and workforce have been on a continuous growth trajectory over the past three years. In this journey, they have consistently partnered with PEO 360 annually, leveraging their expertise to benchmark and re-evaluate their benefits and HR solution providers. “As a small organization, our workforce profile can change yearly. Sometimes it’s harder to find competitive coverage for our makeup, and PEO 360 has done a really great job with helping us find the best PEO for our current risk profile and needs.”
“Having an advisor we can trust, a true industry expert, is extremely valuable. Their honest and thoughtful approach has always made us feel like they are truly looking out for our best interest.”

Solution

PEO 360 has provided Altor with ongoing guidance and support, acting as a trusted advisor and an extension of the Altor team during and in between renewals. Their deep understanding of Altor's business and culture has allowed for an efficient annual process to review, renegotiate, or change their current solution. This partnership has instilled a sense of security and confidence in Altor’s leadership team, knowing they have a reliable partner to help them meet their evolving needs and maximize value for their workforce. Altor evaluated leading national PEOs and strong regional players during their annual reviews. This meticulous approach ensures that every decision is well-informed and aligns with Altor's evolving needs and goals, providing reassurance about the quality of the decision-making process. “Even though we had experience with the PEO model, I wanted to explore our options and ensure we got the best deal. PEO 360 makes it so easy for us to do that annually by knowing the market and options as well as they do. They provide a ton of valuable information that saves us hours trying to figure it out on our own.”

Results

Altor captured an impressive 36% total savings in their first year working with PEO 360 and an average of 15% every year after that. Altor generously funds its employee benefits at a 100% employer contribution level. Therefore, all savings are directly realized by Altor as the employer, giving them additional funds to reinvest in their workforce and other growth initiatives. By regularly evaluating options and negotiating on their behalf, PEO 360 has maximized savings for Altor while maintaining continuity of service. “PEO 360 helps us cut through the noise and narrow our focus on the best 3-4 options to explore. With so many providers in the market, having an expert to guide us and expedite the review process is invaluable.” “Having an advisor we can trust, a true industry expert, is extremely valuable. Their honest and thoughtful approach has always made us feel like they are truly looking out for our best interest.”

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“Having an advisor we can trust, a true industry expert, is extremely valuable. Their honest and thoughtful approach has always made us feel like they are truly looking out for our best interest.”