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Peanut Butter & PeopleStrategy bring Student Loan Assistance to employers
Peanut Butter recently entered a partnership with PeopleStrategy, a full-service brokerage and provider of comprehensive, cloud-based human resource (HR) solutions, to help introduce Student Loan Assistance programs to PeopleStrategy’s client employers. Employers...
Financial stress affects your workplace more than you may think
With financial uncertainty continuing to grow, employers in every industry are faced with a grueling reality: financial stress in the workplace is real (and higher than ever before), and it comes with a hefty price tag. In 2019, 69% of employees admitted they were...
CARES Act creates opportunity for employers with Tax-Free Student Loan Repayment
Peanut Butter CEO David Aronson was featured as a subject matter expert last week on an episode of NFP’s Big Questions. Aronson was invited to speak about the CARES Act and how it offers specific relief for student debt borrowers, and creates an opportunity for...
Tax-free Student Loan Repayment is here, and likely to stay
Signed into law on Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748, “CARES Act”, or “Stimulus Bill”), includes tax incentives when employers choose to offer Student Loan Repayment as a benefit. Under the CARES Act (H.R. 748,...
St. Michael’s Inc. Implements Student Loan Repayment Program
St. Michael’s Inc., a government contracting firm that provides financial management to defense and intelligence agencies throughout the U.S., recently announced their Student Loan Assistance Program with Peanut Butter. By offering a Student Loan Repayment...
Briefing on tax-free Student Loan Repayment
How to attract, retain and engage college-educated workers On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748, “CARES Act”, specifically Sec. 2206(B)) made it possible for companies to pay down their employees’ student loans...
In the Press: Student Loan Repayment remains compelling, through good economic times and bad
Peanut Butter was featured in Buffalo Business First last week, as companies across the country pivot to avoid the economic repercussions of coronavirus. The article highlights Peanut Butter CEO David Aronson, who says the company is hard at work on some...
CARES Act allows employers to contribute to student loans tax-free
Peanut Butter Student Loan Repayment plans can now be offered tax-free to help employers attract essential workers and retain critical college-educated staff. A shorter version of this article was issued as a press release on Tuesday, March 31, 2020. Signed into law...
Instacart to hire 300,000 shoppers, offering student loan assistance to those that join
Instacart announced new plans on Monday, March 23, 2020, to expand its shopper community by adding 300,000 new shoppers to the platform over the next three months. The plan was unveiled in response to growing demand for grocery delivery and pickup services across...
How to attract and retain the talent you want (Part Four)
This is the fourth post in the five-part series: "How to attract and retain the talent you want." If you missed part three, click here. Step four: Make the qualifying process simple so your employees will understand and participate. Nothing derails a good benefit...