Financial Wellness Benefits
By partnering with an innovative benefit provider like StuLo, we can also give our clients single-source access to a relevant and meaningful benefit solution for student loan debt relief, which we know a lot of employers are looking for.
April 18, 2018
Student Markets Group, Inc. d/b/a StuLo, an employee benefits company focused on financial wellness, student loan debt relief, and credit repair services, announced today that it has entered into a marketing partnership with FinFit Ops, LLC d/b/a FinFit, a leader in providing voluntary financial fitness benefits delivered through their online platform.
“We are excited that StuLo will be an integrated resource on FinFit’s financial wellness platform,” said Ben Rozum, President of StuLo. Rozum added, “Unlike education-only methods, FinFit provides a short-term loan solution that provides a responsible solution for employees, so they can worry less about finances and focus more on their job. In partnering with StuLo, FinFit’s brokers and clients will have a hassle-free way to expand actionable, financial-related benefits to their employees.”
Student loan debt relief is considered one of the fastest growing employee benefits due to 44 million Americans being saddled with over $1.4 Trillion in debt. While only 4% of employers offer a student loan related benefit today, studies indicate that adoption could increase to nearly 30% through 2019.
According to Pete Ostberg, Vice President of Product Management at FinFit, “Our investment in technology and innovative financial wellness benefits has allowed FinFit to be recognized as a leading solution for brokers and clients.” Ostberg added, “By partnering with an innovative benefit provider like StuLo, we can also give our clients single-source access to a relevant and meaningful benefit solution for student loan debt relief, which we know a lot of employers are looking for. We are excited about this new relationship and the unique value it will bring to our clients and the financial well-being of their employees.”
StuLo will be available to FinFit’s clients and their employees starting in April of 2018.
For more information on how to offer StuLo to employees or association members, contact your employee benefits broker or call StuLo at 602-888-8144 or visit https://StuLoWellness.com.
StuLo is an employee benefit and association-member benefit program that is focused on: financial wellness, student loan debt relief, and credit repair services. The benefit program takes a wholistic approach to providing a financial wellness benefit for all employees and members—not just a benefit to help student loan holders only. The aggregation of financial-related benefits includes: general financial coaching and online tools, concierge services to help with federal student loan consolidation enrollment, private student loan refinancing marketplace, concierge services to help with credit repair, accident disability insurance, and identity theft protection. As an alternative to an expensive, employer-funded student loan repayment assistance benefit, StuLo provides significant benefit value at little to no cost to the employer.
About Student Markets Group Inc. and Coterie Advisory Group Inc.
Student Markets Group, which is owned by Coterie Advisory Group, is the national program manager for the StuLo benefit program. The companies provide consultative services and product solutions that are dedicated to helping consumers in the insurance and benefits industry—including the rising concerns of affordable health insurance and student loan debt relief. Their packages of consumer-centric insurance and non-insurance programs solve real-world problems, make a meaningful difference in consumers’ lives, and have a track-record of being market-leading and market-changing. https://StuLoWellness.com | https://coterieadvisors.com
FinFit has grown to be one of the Nation’s largest financial wellness benefit platforms with over 80,000 companies having access, providing a self-directed online experience that lets employees measure their financial fitness and provides fun, directed education and tools that drive real results. FinFit also provides affordable short-term loans that provide real-world help when it is needed most. FinFit has become a powerful way for employers to attract and retain talent by helping employees get their mind off their financial problems and stay focused on work.
FinFit Loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.