Projected Annual Savings · Summit Financial
A line-by-line audit of your ADP Total Source costs reveals six leverage points to reduce spend and strengthen coverage — without disrupting your medical plan or your employees.
Savings breakdown
new risk coverage
modest coverage enhancement
Line-by-line against ADP Total Source. Based on ~90 worksite employees, ~48 medical enrollees.
Every month without a transition costs ~$9,000 in recoverable overhead. Administrative fees, bundled WC costs, and ancillary premiums that don't need to be this high. That capital cannot be reclaimed retroactively.
| Cost Center | ADP Total Source | Paychex PEO | Variance | Impact |
|---|---|---|---|---|
| Admin + WC (ADP Bundled) | $250,711 | $161,123 | $89,588 Savings | 36% Reduction |
| ADP bundles their admin fee and workers' comp into one opaque blended rate — you cannot see what you pay for each. Paychex separates them transparently: $138,849 admin fee + $22,274 WC (Zurich/ESIS A+, pay-as-you-go) = $161,123 combined. Same coverage, full transparency, 36% lower cost. | ||||
| Protection Plus (EPLI + Cyber) | $0 | $4,320 | ($4,320) | Gap Closed |
| Employment Practices Liability + Cyber Liability up to $2M — coverage Summit Financial currently carries zero of. Includes 24/7 crisis management from a top cybersecurity law firm. A $4,320 investment closing a material organizational risk exposure. | ||||
| Medical Premiums | $537,010 | $528,636 | $8,374 Savings | 2% Reduction |
| Medical premiums reduced by $8,374 across ~48 enrollees. Plan design and coverage levels are maintained — savings come from Paychex carrier pricing and plan-tier optimization, not benefit reductions. | ||||
| Dental | $52,968 | $38,436 | $14,532 Savings | 27% Reduction |
| 27% carrier efficiency gain through Delta Dental network pricing. Coverage levels preserved — savings come entirely from negotiated rates across ~88 benefit-eligible employees. | ||||
| Vision | $6,870 | $4,368 | $2,502 Savings | 36% Reduction |
| 36% reduction through Superior Vision network efficiency. Equivalent access for employees at meaningfully lower cost — or upgrade to a richer tier at modestly higher rates. | ||||
| STD / LTD | $75,115 | $77,527 | ($2,412) | Coverage Upgrade |
| A modest $2,412 investment for enhanced short and long-term disability terms — better income replacement for employees at minimal incremental cost. Well offset by savings elsewhere in the portfolio. | ||||
| TOTAL ANNUAL | $922,674 | $814,410 | $108,264 Savings | 12% Reduction |
Medical premiums drop by $8,374 and dental and vision are meaningfully optimized — while every dollar of coverage your employees rely on is preserved or enhanced.
The EPLI/Cyber and STD/LTD additions are deliberate enhancements — closing gaps that currently leave the organization and its employees exposed.
The $89,588 in admin + WC savings isn't a negotiating discount — it's a structural correction enabled by transparency.
ADP bundles their admin fee and workers' comp into a single blended rate of $250,711. You cannot isolate what you pay for WC, you cannot shop it independently, and you cannot verify whether the rate is competitive.
Paychex quotes both lines separately and transparently: $138,849 admin fee + $22,274 WC through Zurich/ESIS (A+ rated). Pay-as-you-go billing, no year-end audit surprises, dedicated safety consultant included.
$89,588 in combined admin + WC savings. Added to $25,408 across medical, dental, and vision, gross savings reach $114,996 — more than covering the EPLI addition and modest STD/LTD upgrade.
Four steps. Twelve weeks. Zero disruption to your employees.
March 15
Sign the Paychex Service Agreement to lock in the underwriting band and fee schedule.
April 1
Data migration, portal build, and HR system configuration begins. Paychex owns this fully.
May 5–16
Virtual enrollment sessions. Employees review benefit options. No confusion, no disruption.
June 1
First payroll runs under Paychex. New benefits activate. EPLI coverage begins. Savings start immediately.
Ready to validate your numbers?
This demo uses real methodology applied to anonymized data. We'll rebuild it with your actual figures and show you exactly where the savings exist in your account.