SPMI

What SPMI does

SPMI, operating as My HR Professionals (legal entity), is a privately-held Professional Employer Organization (PEO) founded in 1995 by CPAs and headquartered in Van Buren, Arkansas. The company delivers a bundled suite of HR outsourcing services to small and mid-sized businesses, functioning as the employer of record for tax, payroll, benefits, and workers' compensation purposes while client management retains day-to-day operational control. Core offerings span PEO co-employment, full-service payroll processing, human resource support (handbook creation, I-9/E-Verify, FMLA, discipline/termination consulting), employee benefits administration (ACA, ERISA, COBRA, HIPAA compliance), occupational safety and health, workers' compensation administration, and bookkeeping. The PEO Bundle, refreshed in early 2023, packages workers' comp on a pay-as-you-go model, annual safety inspections, HR checkpoint training, benefits packages, and discounted bookkeeping into a single configurable offering.

The company's technology foundation is the PrismHR platform, which powers payroll processing, employee and employer self-service portals, and benefits administration. Time and attendance is delivered through PayrollServers' WebClock, while QuickBooks integration supports bookkeeping, Microsoft 365 Forms supports job posting questionnaires, and myFileGuardian handles secure file transfer. Multi-state payroll compliance management (nexus tracking, state tax registrations, multi-state wage withholding, unemployment insurance filings) is a technical capability built around these third-party platforms rather than proprietary AI systems.

Revenue is generated primarily through recurring PEO service fees structured as a percentage of total client payroll (reported range 2% to 12% depending on service scope, industry risk, and employee count), supplemented by per-employee-per-month pricing for standalone payroll services, usage-based pay-as-you-go workers' comp premiums, and time-and-materials billing for bookkeeping. The company employs 101-250 people, has no disclosed outside funding, and is family-owned and operated. Distribution relies on a direct sales motion with dedicated client advocates, CPA/accountant and insurance broker referral channels, and 8 Arkansas regional Chamber of Commerce memberships. Customer concentration is spread across SMB and mid-market accounts in industries including automotive dealerships, construction, healthcare, skilled trades, restaurants, and professional services, with at least one documented client relationship exceeding 18 continuous years.

Name

SPMI

Legal name

My HR Professionals

Website

https://myhrprofessionals.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

SPMI (My HR Professionals) is a family-owned PEO founded in 1995 and headquartered in Van Buren, Arkansas, providing bundled payroll, HR support, benefits administration, workers' comp, safety, and bookkeeping outsourcing to small and mid-sized U.S. businesses nationwide via the PrismHR platform.

Ownership category

akta.pro rank

Product category

Professional Employer Organization (PEO) and HR Outsourcing Services

NAICS

Professional Employer Organizations (561330), Professional Employer Organizations (56133), Payroll Services (541214), Human Resources Consulting Services (541612)

SIC

Services-Employment Agencies (7361), Services-Help Supply Services (7363), Services-Prepackaged Software (7372)

akta.pro primary industry

Professional Employer Organization (PEO) / Co-Employment Services (BPACAHAB)

Keywords

• HR outsourcing services
• Professional employer organization
• Payroll processing services
• Employee benefits administration
• Workers compensation administration

Headquarters

HQ city

Van Buren

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. PEO/Co-Employment Services: The company operates primarily as a Professional Employer Organization (PEO), becoming the employer of record for tax and compliance purposes. Revenue is generated through a bundled service fee typically ranging from 2% to 12% of total payroll, depending on service scope, industry risk profile, and employee count. The PEO bundle includes workers' compensation, payroll processing, HR support, and benefits administration. Additional services like bookkeeping and compliance consulting can be added. The PEO model spreads risk across multiple clients through a master policy for workers' comp.
2. Payroll-Only Services: For clients not in the PEO model, the company offers standalone payroll processing services. Pricing is typically structured on a per-employee-per-month (PEPM) basis. Services include payroll tax filing, direct deposit, year-end W-2 and 1099 processing, and wage garnishment management. This stream targets established businesses that want HR support without co-employment.
3. Workers' Compensation Administration: Workers' comp administration is offered both as part of the PEO bundle and as a standalone service. The company provides policy management, claims administration and advocacy, premium auditing, and return-to-work coordination. The pay-as-you-go billing model aligns costs with actual payroll, improving cash flow predictability for clients.
4. Employee Benefits Administration: Comprehensive benefits administration including enrollment management, compliance support, COBRA, cafeteria plans, ERISA documents, Medicare D reporting, and ACA compliance assistance. Revenue is derived from administrative fees bundled within the PEO offering or charged separately per service component.
5. Bookkeeping Services: Bookkeeping services are offered exclusively to PEO clients, billed on actual time spent with or on the client's account (not per call or question). A startup package is available for new businesses. This complements the HR and payroll core offering.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

SPMI (operating as My HR Professionals/My HR Pros) is a Professional Employer Organization (PEO) that provides bundled HR outsourcing services to small and mid-sized businesses under a co-employment model. Core deliverables include payroll processing with a dedicated personal processor, human resource support (handbook creation, I-9/E-Verify, FMLA tracking, discipline consulting), employee benefits administration (ACA/ERISA/COBRA/HIPAA compliance), workers' compensation administration with pay-as-you-go billing, occupational safety and health/OSHA compliance, and bookkeeping add-on services. The company offers clients a pick-and-choose service bundle rather than forced full-package purchase, supported by PrismHR technology.

Product overview

My HR Professionals operates as a PEO (Professional Employer Organization) offering a comprehensive suite of HR and business support services. The core offering is the PEO Services model, which provides co-employment with payroll processing as the foundation. The product portfolio includes: Payroll Processing (with dedicated personal processor), Human Resource Support Services, Employee Benefits Administration, Occupational Safety & Health, Workers' Comp Administration, and Bookkeeping. The company also offers a proprietary PEO Bundle that packages workers' comp, annual safety inspections, employee handbook services, HR checkpoint training, enhanced benefits packages, and bookkeeping at discounted rates. Software Solutions including time/attendance tracking and employee self-service portals complement the service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• PEO (Professional Employer Organization) Services Co-employment model under which My HR Pros becomes the employer of record for tax and compliance purposes while client businesses retain operational control, bundling payroll, benefits, and workers' compensation services for small and mid-sized businesses.
• Payroll Processing Full-service payroll processing for clients outside the PEO model, including calculations, tax filings, direct deposits, pay card options, year-end W-2/1099 processing, wage garnishment management, and a personal payroll processor assigned per account.
• Human Resource Support Services Expert HR guidance including employee handbook creation and updates, I-9/E-Verify compliance, FMLA and leave tracking, discipline and termination consulting, and federal and state agency response preparation for small and mid-sized businesses.
• Employee Benefits Administration Benefits management including plan consulting, design assistance, open enrollment management, COBRA and State Continuation administration, Cafeteria Plan Document creation, ERISA Wrap Plan compliance, ACA compliance assistance, Medicare Part D creditable coverage reporting, and HIPAA compliance.
• Occupational Safety & Health Workplace safety services including customized training programs, regular and annual onsite safety inspections, OSHA and state regulatory compliance assistance, safety program development, and incident investigation and response support.
• Bookkeeping Financial record-keeping exclusively for PEO clients including transaction recording, account reconciliation, financial statement preparation, payroll ledger integration, accounts payable/receivable tracking, year-end reporting, and QuickBooks management.
• Workers' Comp Administration Workers' compensation management with pay-as-you-go billing including policy setup, claims administration and advocacy, assistance securing competitive insurance rates, experience mod analysis, compliance monitoring, and annual workers' comp audit support.
• PEO Bundle Comprehensive bundled PEO package combining workers' compensation (pay-as-you-go), annual safety inspection, employee handbook creation/updates, HR Checkpoint survey with 1:1 training, enhanced employee benefits package including vision, dental, disability, pets, and MEP 401k, plus discounted bookkeeping service.
• Software Solutions Technology platforms including time and attendance systems (PayrollServers/WebClock), employee self-service portals, employer admin portal, applicant tracking, and customized reporting modules delivered through the PrismHR ecosystem for client and employee self-service.

Quantifiable outcome

• 10-14% reduction in overall HR costs for small businesses using a PEO
• +4 more outcomes

Named customers4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature8 records

Partnerships

14 partnerships are on record, tiered core and minor.

• PrismHRcoreTechnology or IntegrationPrismHR is the primary technology platform powering My HR Professionals' payroll processing, employee/employer portals, time & attendance, and benefits administration. The company uses PrismHR's admin portal and employee portal for client/employee self-service. This is a critical technology partnership enabling nationwide PEO service delivery.
• PayrollServerscoreTechnology or IntegrationPayrollServers provides time & attendance and WebClock solutions integrated with My HR Professionals' payroll processing. The webClock system allows employees to clock in/out and enables employers to track time and attendance.
• Van Buren Chamber of CommerceminorStrategic or Co-development PartnerActive chamber membership providing networking, local business community engagement, and referral opportunities. One of eight regional Arkansas chambers where the company maintains membership.
• Alma Area Chamber of CommerceminorStrategic or Co-development PartnerActive chamber membership in the Alma, Arkansas area. Contributes to local business community presence and referral networking.
• Fort Smith Regional Chamber of CommerceminorStrategic or Co-development PartnerActive membership in the Fort Smith Regional Chamber of Commerce. Supports regional business networking and community engagement.
• Chamber FayettevilleminorStrategic or Co-development PartnerActive membership in the Fayetteville, Arkansas Chamber of Commerce. Part of the northwest Arkansas regional chamber network.
• Springdale Chamber of CommerceminorStrategic or Co-development PartnerActive membership in the Springdale, Arkansas Chamber of Commerce. Supports local business community presence.
• Russellville Chamber of CommerceminorStrategic or Co-development PartnerActive membership in the Russellville, Arkansas Chamber of Commerce. Part of regional business community engagement.
• Jonesboro Regional Chamber of CommerceminorStrategic or Co-development PartnerActive membership in the Jonesboro Regional Chamber of Commerce, serving northeast Arkansas.
• Rogers Lowell ChamberminorStrategic or Co-development PartnerActive membership in the Rogers-Lowell Chamber of Commerce, part of the northwest Arkansas regional business community.
• Arkansas Workers' Compensation CommissionminorOthersThe Arkansas Workers' Compensation Commission is the state regulatory body overseeing workers' compensation in Arkansas. My HR Professionals works with this entity for compliance and claims management, though this is a regulatory relationship rather than a commercial partnership.
• U.S. Chamber of CommerceminorStrategic or Co-development PartnerMy HR Professionals references the U.S. Chamber of Commerce as a source of industry data and best practice guidance on PEO services, co-employment, and HR compliance. The Chamber is cited as a authoritative source supporting the company's value proposition around PEO benefits.
• U.S. Department of Labor (DOL)OthersMy HR Professionals references DOL resources and regulations extensively, including FMLA, COBRA, ERISA, and ACA guidance. The DOL is cited as a regulatory authority governing workers' compensation definitions and employment law compliance.
• U.S. Internal Revenue Service (IRS)minorOthersIRS regulations govern cafeteria plans, payroll tax filings, and ACA compliance. My HR Professionals handles IRS-compliant cafeteria plan documents and tax filings on behalf of clients.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Zenefits: Zenefits provides HR, payroll, benefits, and compliance software plus PEO services to SMBs. Comparable in SMB HR focus and bundled offerings, with a stronger technology platform orientation.
• Gusto: Gusto provides payroll, benefits, and HR software primarily to very small businesses, with newer PEO offerings emerging. Comparable to My HR Pros in SMB payroll focus, with stronger technology brand and consumer-grade UX.

Direct peers

• Oasis Outsourcing: Oasis Outsourcing (acquired by Paychex) is a PEO providing HR outsourcing, payroll, benefits, and workers' comp to SMBs. Directly comparable service offering and target market to My HR Pros.
• Insperity: Insperity is one of the largest publicly traded PEOs in the U.S., offering co-employment, payroll, benefits, HR, and workers' comp administration to SMBs. It is the closest direct competitor to My HR Pros in service model and target customer.
• TriNet: TriNet is a major PEO providing HR outsourcing, payroll, benefits, and risk management to small and mid-sized businesses. Comparable to My HR Pros in co-employment model and SMB target market, though operating at much larger scale.
• CoAdvantage: CoAdvantage is a PEO offering co-employment, payroll, benefits, HR, and workers' comp to small and mid-sized businesses. Closely comparable in service mix, co-employment model, and SMB customer profile.
• Justworks: Justworks is a tech-forward PEO serving SMBs with payroll, benefits, compliance, and HR support through a cloud-native platform. Direct competitor in the SMB PEO category, differentiated by modern UX and direct-to-SMB sales motion.
• Sequoia One (now PrimePay): Sequoia One, acquired by PrimePay, is a PEO serving SMBs with payroll, benefits, and HR services. Comparable PEO/co-employment model and SMB target market, with growing national footprint.

Broad incumbents

• Paychex PEO: Paychex offers PEO services as part of its broader payroll and HR portfolio, targeting SMBs with bundled HR, payroll, benefits, and retirement solutions. Comparable in service mix but operating as a much larger national incumbent.
• ADP TotalSource: ADP TotalSource is the PEO division of ADP, a global payroll and HR services incumbent. It offers co-employment, payroll, benefits, and HR technology to SMBs, directly competing with My HR Pros while leveraging ADP's massive scale and technology investments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/myhrpros
• Facebookfacebook.com/myhrprofessionals
• LinkedInlinkedin.com/company/spmi

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPMI