Attract and Retain Employees
Employer benefits that help with debt - the missing piece in total financial wellness.
Help your employees pay down Student Loans (now!) or Mortgage Debt (coming soon!) with flexible plan contributions.
Workplace Benefits for today
Financial wellness and affordability go hand in hand. The streamlined process creates a smooth and easy User Experience
Canadian Federal/Provincial Loans
We offer repayment and remittance services for Federal and Provincial student loans, including Québec.
Conventional Mortages (Coming Soon!)
We will offer repayment and remittance services for conventional mortgages that allow additional payments.
Our versatile plans enhance existing programs
GRSP/DPSP Match
Contributions from group savings are repurposed for student loan or mortgage repayment help.
Loan Match
We facilitate the matching of Loan Minimum Payments through verified student loan statements.
Fixed Payments
As a stand-alone benefit, we remit fixed payments to employees’ student loans.
Why Debt
69% of companies report talent shortages and hiring challenges
$6 - $10B Growing annual cost of employee turnover
16% Canada's employee turnover levels, 4th highest globally
Close to 60% of graduates enter the workforce with student debt
63% of employees and job seekers surveyed say benefits are a top factor in accepting or staying in a job
Reducing debt has been Canadian's top financial priority for the past eight years
Student loans delay life goals including marriage and children, home purchase, or further education
Our 4 Step Process gets your plan set up in no time
1) Design
We begin with a Discovery Meeting for introductions, a benefits review, and an assessment of the best way for you to offer The Smart Benefit™ to employees.
2) Onboarding
We then host an Orientation Session with plan Sponsors and their Admins to introduce our system and processes. Sponsor Admin onboarding happens at this stage.
3) Enrollment
Program Rollout is next with invites to register sent to employees. Employee status is active once they have uploaded loan statements and made any applicable selections or allocations.
4) Processing
Our system generates Monthly Reports for expected payments. We pull the required funds, attribute them to the participating employees, and remit payments to appropriate lenders.
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Reliable, Relevant Features
Secure and Responsive Webapp
Mobile apps including Android and iOS
Secure and Encrypted backend. Compliant with all regulations
Monthly Reports and Payment Status Updates
Dedicated Client Support Team to handle queries, resolve issues, and assist Clients as required
Dedicated Partner Support Team to handle queries, resolve issues, and assist Partners as required
What users are saying about The Smart Benefit™
Debt Relief, Stress Relief
Total financial wellness for employees is within reach with our proven 4-Step Process and dedicated support from our Implementation Team. Get in touch today and we'll arrange a demo to show you how close you are!
Request a Demo