Categories  /  Financial Wellbeing  /  Peanut Butter

Peanut Butter

Website
Information

About Peanut Butter

Peanut Butter helps employers provide the top benefit desired by college-educated talent: student loan assistance in the form of resources and repayment plans. In doing so, Peanut Butter enables employers to reduce hiring timelines, increase employee tenure, and improve diversity, all while making a positive impact on employees’ financial futures. By providing personalised and easy-to-use resources to both the employer and the employee, Peanut Butter offers a service that is both financial wellness-forward and meaningful to everyone involved.

Company Info
Social Media
LinkedIn  ·  Facebook  ·  X/Twitter
Year Founded
2015
Headquarters
Buffalo, New York, United Kingdom
Company Size
11–50

Perkwise Insight

Overview

Peanut Butter is a specialised employee benefits platform that enables companies to offer student loan assistance as a workplace benefit. This benefit addresses a pressing financial need for many workers. The platform makes it easy for employers to contribute directly to their employees' student loans while providing resources to help employees better manage their debt.

Best For

Small to medium US-based companies

Pricing

Pricing starts at $750 base fee and $7 pepm, depending on company size and monthly contributions.

Customers

Undisclosed

Pros
Straightforward implementation
Proven talent attraction tool
Flexible contribution options
Cons
Limited HRIS integrations
Educational content could be expanded
More Info

Key Features & Benefits

Student Loan Repayment Assistance

What It Does

Facilitates employer contributions directly to employees' student loans through a secure platform.

Why It Matters

This can accelerate loan payoff timelines, enabling employers to reduce hiring timelines, increase employee tenure, and improve diversity.

Contribution Management Dashboard

What It Does

Provides a central hub where HR teams can manage, track, and report on their program.

Why It Matters

The dashboard gives real-time visibility into program performance and ROI.

Employee Portal

What It Does

Offers a dedicated interface where employees can link their loans, track employer contributions, and access resources.

Why It Matters

The portal creates transparency and engagement. Employees can watch their debt decrease month by month, creating powerful goodwill toward their employer.

Loan Coaching

What It Does

Connects employees with expert guidance on loan management strategies.

Why It Matters

Beyond just contributions, this feature helps employees make smarter decisions about their overall debt strategy, multiplying the benefit's impact.

Implementation & Support

Setup Process

The implementation process is remarkably straightforward compared to other benefits platforms. It begins with program design, followed by employee communication, enrolment, and launch.

Technical Requirements

As a web-based platform, Peanut Butter requires no special software installation. It works seamlessly across browsers and devices.

Support Options

Clients receive dedicated account management, email support, and access to implementation resources. 


Alternatives

Other Financial Wellbeing Vendors

Vendor

Description

Best For
Pricing
Customers
Key Features
Website
Profile
Peanut Butter

Peanut Butter helps employers provide the top benefit desired by college-educated talent: student loan assistance in the form of resources and repayment plans.

Small to medium US-based companies

Pricing starts at $750 base fee and $7 pepm, depending on company size and monthly contributions.

Undisclosed

  • ·  Student Loan Repayment Assistance
  • ·  Contribution Management Dashboard
  • ·  Employee Portal
  • ·  Loan Coaching
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