Research found that financial insecurity is a leading cause of turnover in education. To address this problem, Vestwell today announced it has partnered with PlanScope360, a leading provider of solutions for educational institutions, to enable school districts to provide a comprehensive financial wellness package for educators.
Through this new strategic partnership, school districts can now provide educators with a comprehensive financial wellness package—delivered through a single, easy-to-use platform that simplifies administration while enhancing employee benefits. By providing targeted financial wellness benefits, school districts can better support their staff, improve retention, and strengthen their recruitment efforts. Educators can now access:
- Emergency Savings Accounts: A dedicated cushion for unexpected expenses, helping staff manage financial shocks without turning to high-interest debt.
- Student Loan Contributions: Contribute directly to educators’ student loans, accelerating debt reduction and supporting long-term financial wellness.
- Employer Matching for Student Loan Repayment: Help educators with student loans save for retirement with matching contributions.
- 403(b) Retirement Plans: A modernized approach to long-term savings, providing educators with user-friendly tools to secure their financial future.
“Educators face real financial stress—from surprise expenses to long-term student debt,” said Al Otto, CEO of PlanScope360. “By offering emergency savings and student loan matching, we’re giving school districts tools that directly support their people—and keep great staff in the classroom.”
By delivering all four benefits on one unified platform, Vestwell said it eliminates the complexity of managing multiple providers and systems, allowing school districts to offer a more competitive and impactful benefits package.
“We’re proud to partner with PlanScope360 to bring meaningful, comprehensive savings tools to the education space,” said Aaron Schumm, Founder and CEO of Vestwell. “Our shared vision is rooted in providing a holistic suite of solutions that empowers individuals to actively save and plan across all dimensions of their financial lives. Through our single, proprietary platform, we enable educators to manage debt, prepare for the unexpected, and build toward a secure future—all in one seamless experience.”
This partnership underscores both companies’ shared mission: delivering scalable financial wellness solutions that address the real-world needs of today’s workforce. School districts interested in implementing these programs can contact PlanScope360 for a personalized review. With Vestwell’s modern platform, these benefits can be deployed within the current academic year, providing immediate support to educators.
SEE ALSO:
- Vestwell Collaborates with Vermont’s 529 Education Savings Program
- Vestwell Partnership Allows Savvy Wealth Advisors to Manage Client 401(k) Plans
- Vestwell Enters Emergency Savings Account Market
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.