PEO Terms
Below is a glossary of commonly used words when discussing PEO solutions.
PEO: Professional Employer Organization | WC: Work Comp |
ASO: Administrative Service Organization | XMod: Experience Modification Rating |
HRO: Human Resource Outsourcing | OSHA: Occupational Safety & Health Administration |
SUTA: State Unemployment Tax Act | PPE: Personal Protective Equipment |
FUTA: Federal Unemployment Tax Act | USL&H: United States Longshore and Harbor Workers Compensation Act |
FICA: Federal Insurance Contributions Act | NLA: No Loss Affidavit |
FEIN: Federal Tax Identification Number | NCCI: National Council of Compensation Insurance |
EIN: Employer Identification Number | MVR: Motor Vehicle Record |
HRIS: Human Resource Information System | DOT: Department of Transportation |
HR: Human Resources | DOL: Department of Labor |
ACA: Affordable Care Act | DOI: Department of Insurance |
EOR: Employer of Record | EPLI: Employment Practices and Liability Insurance |
P&C: Property and Casualty | EE: Employee |
MGA: Master General Agency or Managing General Agency | WSE: Worksite Employee |
GA: General Agent | GAP: Gross Annual Payroll |
Acord: Work Comp Application | SIC: Standard Industrial Classification |
RFP: Request for Proposal | LOX: Letter of Explanation |
BTG: Be the Good |