- This fund is supported by employer and/or employee donations. Donated funds are held in an account to be used for an employee who experiences a tragedy or crisis and needs extra financial support.
- Employees who need this assistance apply for the funds and employers distribute the funds based on pre-established rules.
Why?
Participant Benefits
- Not required to repay granted funds.
- Improves financial & mental wellbeing.
Employer Benefits
- Show commitment to help your employees when they are most vulnerable.
- Determine plan design.
- Improves recruiting, retention and engagement.