Peanut Butter Feature to Know: Employer Responsibilities

Peanut Butter Feature to Know: Employer Responsibilities

by | Jul 3, 2024 | Benefits, Differentiation, Employee Benefits, Human Resources, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment, Winning Together

When offering Student Loan Assistance, it’s important for employers to understand their responsibilities for success. Benefit maintenance is simple, and one of the core reasons our services stand out is ease of use. With Peanut Butter’s SaaS solution, employers...
Student loans blocking your retirement savings? A change to federal law MIGHT help [The Boston Globe]

Student loans blocking your retirement savings? A change to federal law MIGHT help [The Boston Globe]

by | May 13, 2024 | Benefits, Employee Benefits, Employee Engagement, Financial Wellbeing, Plan Design, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Uncategorized, Workplace diversity

Since 2015, employers have been contributing modest monthly amounts (e.g., $50) toward employee student loans and achieving profound results: 13% faster hiring timelines, 36% longer employee tenure, and Greater gender and cultural diversity. This year, more companies...
Ensuring a successful launch for your Student Loan Assistance program

Ensuring a successful launch for your Student Loan Assistance program

by | May 13, 2024 | Benefits, Decisions, Employee Benefits, Employee Engagement, FAQ, Human Resources, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment

Conceptually, there’s many ideas surrounding the right route for a successful Student Loan Assistance program launch. When considering this new benefit, it’s important for employers to understand what works. In a recent article from Indeed, three key requirements were...
[Bloomberg Law] 401(k) Law’s Appeal Fades as Workers Face Student Debt Deadlines

[Bloomberg Law] 401(k) Law’s Appeal Fades as Workers Face Student Debt Deadlines

by | Aug 18, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Human Resources, Plan Design, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Winning Together

In a recent article from Bloomberg Law, the provisions in the SECURE Act 2.0 that will allow employers to treat student loan repayment like retirement plan deferrals were analyzed. The end result eluded to the fact that today’s workforce needs and prefers direct...
[US Senate] Multiple Senators Urge IRS to Promote Educational Assistance Programs

[US Senate] Multiple Senators Urge IRS to Promote Educational Assistance Programs

by | Aug 4, 2023 | Employee Benefits, Employee Engagement, Financial Wellbeing, Plan Design, Program Management, Student Loan Assistance, Student Loan Debt, Student Loan Repayment

In a recent post on the senate’s government website, senators Mark Warner (D-VA), and John Thune (R-SD) urged the IRS to promote educational assistance programs like Student Loan Repayment. The piece highlights the 2020 legislation allowing employers to offer the...