ESAC’s bond and accreditation fees cover the cost of accreditation and regulatory compliance services. Annual accreditation fees are based on each PEO’s annual gross wages as shown in the below table.
As backing for ESAC's Client Assurance Program, ESAC purchases annually a $15 million aggregate surety bond for accredited PEOs.
An underlying individual surety bond, ranging from $250,000 to $1 million, is purchased annually by each accredited PEO from ESAC’s surety broker for 1% of the bond amount. (This bond amount is calculated as 5% of the PEO's total federal and state employment tax liability for the preceding calendar year, rounded up to the nearest $250,000.)
These individual bonds and the $15 million aggregate bond are held in trust at a national bank on behalf of accredited PEO clients, employees, insurers and taxing authorities.
Calculate your annual accreditation fee by entering your PEO’s annual estimated wages in the below box: