1 Unless otherwise mentioned, all figures are from Guardian’s 10th Annual Workplace Benefits Study.

2 The PEO Industry Footprint, NAPEO 2021

3 PEO Clients: An analysis. NAPEO 2022

4 The PEO Advantage: How PEO use is driving better business results and employee well-being, Guardian Life, 2022

5 Ibid.

Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services and make no representation as to the completeness, suitability, or quality thereof.

The Guardian Life Insurance Company of America (Guardian), New York, NY. GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America.® ©Copyright 2022 The Guardian Life Insurance Company of America.

1 Unless otherwise mentioned, all figures are from Guardian’s 10th Annual Workplace Benefits Study.

2 The PEO Industry Footprint, NAPEO 2021

3 PEO Clients: An analysis. NAPEO 2022

4 The PEO Advantage: How PEO use is driving better business results and employee well-being, Guardian Life, 2022

5 Ibid.

Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services and make no representation as to the completeness, suitability, or quality thereof.

The Guardian Life Insurance Company of America (Guardian), New York, NY. GUARDIAN® is a registered trademark of The Guardian Life Insurance Company of America.® ©Copyright 2022 The Guardian Life Insurance Company of America.