NAPEO is the Voice of the PEO Industry. PEOs provide payroll, benefits, regulatory compliance assistance, and other HR services to small and mid-sized companies. Small businesses that use PEOs grow 7-9 percent faster, have 10-14 percent lower employee turnover, and are 50 percent less likely to go out of business. Through PEOs, the employees of small businesses gain access to employee benefits such as 401(k) plans; health, dental, life, and other insurance; dependent care; and other benefits typically only provided by large companies. PEOs provide services to between 156,000 to 180,000 businesses employing 2.7 and 3.4 million people and generate between $136 and $156 billion in gross revenues annually.