Peanut Butter Student Loan Assistance for ADP Vantage HCM®
Peanut Butter’s benefit administration platform makes it easy for employers to offer student loan assistance, including student loan repayment employer-sponsored programs, the most requested benefit of today’s workforce. With our secure environment, seamless integration and program support, your program can be enabled quickly with minimal time and effort from your team.
Peanut Butter’s benefit administration platform makes it easy for employers to offer student loan assistance, including student loan repayment employer-sponsored programs, the most requested benefit of today’s workforce. With our secure environment, seamless integration and program support, your program can be enabled quickly with minimal time and effort from your team.
Features and Benefits
Utilize best-in-class Student Loan Resources
Give employees the best digital tools for managing student debt: curated loan advice, as well as financial wellness tools and resources for the lowest refinancing rates and debt counseling options.
Accelerate your recruiting and retention
By offering student loan assistance, you can hire up to 13% faster and retain your talent longer. Our clients see improved average employee tenure and reduced turnover costs [FC Consulting - Millennial Benefits Preferences Study].
Make company contributions simple
We make it easy to administer company-sponsored student loan contributions with secure digital enrollment, loan verification, up-to-date reporting, as well as online and telephone support.
Receive dedicated support from a Peanut Butter Partner
We provide a secure, online control panel for easy program management and a dedicated Customer Success manager to help implement best practices for program design and employee communications.
Integration Details
Integration with ADP Vantage HCM allows to extract worker data including new hires into Peanut Butter account, and send payroll deductions to ADP from Peanut Butter eliminating manual errors.
Curated Advice and Insights
Access to knowledge and expertise so employees can make informed decisions and get out of debt faster.
Debt Counseling Options
Extra help when it’s needed, available from qualified experts 24/7.
Refinancing Marketplace
Employees can shop and compare the lowest refinancing rates, and get pre-qualified in under two minutes.
Benchmarking, Plan Design, and Analysis
We’ll help create the plan that’s right for you, including KPI’s to help you analyze results and achieve goals.
Enrollment, Loan Verification, and Support
We automate enrollment and verify loans so you can focus on growing your business, all with dedicated customer support.
Payment Management and Reporting
We facilitate your contributions to each employee’s loan servicer to reduce your administrative burden.
The services are provided by an independent third party and not provided by ADP and ADP is not responsible for such third party’s products or services.
