Drive Employee Financial Health with Loan Repayment as a Benefit

Now is the time

Loan repayment has fast become a key benefit for employers who want to meaningfully support their teams' financial health. Missing this trend is costly, as debt-related financial stress costs U.S. employers $500 billion annually in lost productivity and absenteeism.

With Ditch, you can supercharge your employees' debt repayment journey and help them bring their best selves to work. How? With Ditch Loan Contributions, you can flexibly contribute directly to your employees’ loans, providing a truly unique benefit that drives retention and lasting engagement.

How you can get started

Launching a Loan Contributions benefit with Ditch is simple. Here’s how it works:

1. Define your scope: Work with us to determine your contribution strategy and target employee group.
2. Define your plan: Finalize details such as contribution amounts, timing, and eligibility criteria.
3. Onboard with Ditch: Seamlessly upload your employee roster and set up on our platform.
4. Launch the benefit: Announce the benefit and allow employees to onboard directly through the app.
5. Let Ditch handle the rest: We’ll manage contributions, compliance, and reporting, making it effortless for you.

Step 1: Define the scope of your benefit

Whether you're just getting started with a loan repayment benefit, or want to upgrade to a more flexible, AI-native solution, we're with you every step of the way:

• Unlike other debt repayment platforms, you are in complete control of how you want to contribute, whether it's fixed amounts or matches of your employees' loan payments (not to mention an integrated AI financial companion app for your employees), and we'll help you align on the strategy that makes sense for your objectives.
• If you want to start a little more tactically, we can help you survey your workforce to identify priority segments and tailor a pilot program toward their needs. We’ll also work with you to build a business case so you can clearly understand how the program works within your budget.

Step 2: Define the benefit plan

We’ll then work with you to finalize the details of your program:

• Decide on contribution amounts (ex. fixed monthly sums, or percentage of employee payments).
• Set eligibility criteria based on factors like tenure, employment status, or age.
• Establish the cadence for contributions (e.g., monthly or quarterly).

Step 3: Onboard with Ditch

Once your benefit plan is defined, onboarding is quick and seamless:

• Set up an easy-to-use admin portal to manage your benefit going forward.
• Upload your employee roster to the Ditch admin platform.
• Verify program details, including funding sources and eligibility settings.

Step 4: Launch Your benefit

With everything in place, you’ll be ready to announce your new benefit to employees:

• You can lean on our in-house marketing team for ready-made, co-branded marketing materials and help with launch campaigns as needed.
• And even more, employees can download the Ditch app, complete onboarding in minutes, and start using the benefit immediately from there, making the launch seamless for both you and your team and driving strong engagement.

Step 5: Let Ditch handle the rest!

We'll continue to take care of the operational heavy lifting:

• Automatically processing contributions directly to employees’ priority loans.
• Providing detailed reporting on usage and contribution impact.
• Supplying tax and compliance documentation to simplify your administrative workload.

Parting thoughts

By offering Ditch’s Loan Contributions benefit, you’re taking a bold step toward supporting your employees in a way that truly matters.

Beyond reducing financial stress, you’ll foster stronger engagement, improve retention, and position your organization as a leader in employee wellness.

Let us help you make a lasting impact on your workforce while driving measurable business outcomes.

Ready to Get Started? - https://www.ditch.io/partners/employers-demo