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.
Perkwise Insight
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.
Small to medium US-based companies
Pricing starts at $750 base fee and $7 pepm, depending on company size and monthly contributions.
Undisclosed
Key Features & Benefits
Student Loan Repayment Assistance
Facilitates employer contributions directly to employees' student loans through a secure platform.
This can accelerate loan payoff timelines, enabling employers to reduce hiring timelines, increase employee tenure, and improve diversity.
Contribution Management Dashboard
Provides a central hub where HR teams can manage, track, and report on their program.
The dashboard gives real-time visibility into program performance and ROI.
Employee Portal
Offers a dedicated interface where employees can link their loans, track employer contributions, and access resources.
The portal creates transparency and engagement. Employees can watch their debt decrease month by month, creating powerful goodwill toward their employer.
Loan Coaching
Connects employees with expert guidance on loan management strategies.
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.