Student Loan Repayment Benefit Program for Employers

Demo - Student Loan Repayment Benefit Program for Employers

Promote financial wellness.
Increase employee retention.
Improve recruiting.

  • Includes award-winning interactive financial wellness program

  • Quick and easy to set up

  • Plan options include student loan contribution, retirement contribution, 529 plan, and student loan refinancing

  • Some expenses may be tax deductible under the 2020 CARES Act

  • Enrich Partner Logo - CDLE
  • Enrich Partner Logo - Dot Foods
  • Enrich Partner Logo - Principal
  • Enrich Partner Logo - Humana Health Insurance, Medicare Insurance and Dental Insurance
  • Enrich Partner Logo - Virginia Retirement System
iGrad - Eddy Award: Financial Wellness - Pensions & Investments
  • Pensions & Investments’ annual Eddy Awards recognizes plan sponsors and service provider leaders who offer investment and financial education to their participants regarding smart strategies to invest and plan for retirement.

Eddy Award: Financial Wellness

Pensions & Investments

iGrad - Education Program of the Year - Institute of Financial Literacy
  • Established in 2007, the mission of the Excellence In Financial Literacy Education (EIFLE) Awards is to promote the effective delivery of consumer financial products, services and education by acknowledging the accomplishments of those that advance financial literacy education.

Education Program of the Year

Institute of Financial Literacy

iGrad - Outstanding Consumer Info
  • The annual award is given to a company or agency that displays scope, timeliness and scholarship in its approach to financial literacy, and provides information useful to those working in the field of financial counseling and planning.

Outstanding Consumer Info

AFCPE Award

How It Works

Customization

Enrich will work with your team to design a contribution plan tailored to the unique needs of your employees. You will decide which employees will be eligible, the type of plan to implement, the contribution amount, and the frequency of contributions.

Implementation

Enrich will take care of the onboarding process for your employees. We will educate them through our personalized course on contribution benefits, assist them in enrolling, sync their loans, and help them in selecting which loan to pay off first.

Education

In addition to courses on student loan repayment, employees will also have access to an entire holistic financial wellness platform. Topics covered include budgeting, credit, debt, saving, retirement, and more. The platform also provides content in a variety of formats to ensure each user can learn material in a way that is interesting for them.

Other Options

Student Loan Refinancing can sometimes be the biggest savings and fastest way to pay down student loan debt. We provide personalized education on when a student loan refinance may make sense for an employee, as well as loan refinance options.

Enrich also offers a 529 Plan contribution option which provides research and a selection tool to assist employees in setting up this benefit.

Insights

Data on goals, demographics, financial situation, knowledge gain, and overall activity is reported back to employers and employees receive emails every time there is a transaction.