Peanut Butter℠ helps companies provide a unique student loan benefit to attract and retain Millennial employees. By facilitating modest contributions to employee student loans we help employers reduce turnover and hiring costs, differentiate their employee value proposition, and aid in the solution to America’s $1.2T student debt problem.
Millennials comprise 34% of the U.S. workforce and will reach 50% by 2020. Companies that complement positive corporate culture with incentives that Millennials value will be employers of choice among this generation. Our recent survey of college-educated Millennials age 21-34 revealed that:
- 85% would accept a job if their employer offered student loan repayment
- Average respondent would stay 36% longer (1.3 yrs) if their employer would contribute to their student loans
- Student loan contributions are valued 1.6x more than 401k contributions, 1.9x more than health insurance contributions, 7x more than free food, 11x more than free gym memberships, and 12x more office upgrades
Peanut Butter makes it easy for companies of all sizes to offer student loan repayment as a benefit. Our technology helps companies securely create, manage, and track the impact of student loan repayment plans. Our support team handles employee enrollment, loan verification, and coordination of payment to multiple student loan servicers.
Peanut Butter, Inc. is a Chicago-based benefits administration firm currently operating out of the 1871 technology incubator. We want to make heroes out of employers as they help millions of employees avoid billions of dollars in loan costs and get out of debt years sooner than they otherwise would have. Our company was founded with leadership and advisors who bring substantial experience in HR outsourcing and educational technology, and who can relate to our goals as business leaders, and their employees' goals as student loan holders.
222 W. Merchandise Mart Plaza | Suite 1212 | Chicago | Illinois | 60654
Contact: phone (800) 913-6651 | fax (872) 221-6002 | support firstname.lastname@example.org