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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...
How small businesses can remain competitive in the market
The latest episode of HRpreneur–ADP’s small business podcast–is out, and you'll recognize one of the panelists! Peanut Butter CEO David Aronson joined Chris D'Ambrosio, General Manager of ADP’s Insurance Agency, and Jill Sterling, VP of Client Services for ADP’s HR...
How to attract and retain the talent you want (Part Three)
This is the third post in the five-part series: “How to attract and retain the talent you want.” If you missed part two, click here. Step three: Celebrate and promote your offering. Make the most out of your company's benefit! Maximize the impact of your program by...
In the press: Student loan-based Peanut Butter growing and hiring in Buffalo
Peanut Butter was featured in Buffalo Business First last week, as the business continues to spread across Western New York and the country. The feature highlights Peanut Butter’s intent to hire local employees and desire to help companies in the area attract and...