A BENEFIT FOR ALL
Its flexibility allows employers to support the broadest range of employees, from first-time buyers to those already on the path to financial stability.
Our solution takes a 3-tiered approach.
INTRODUCING THE HOME SAVINGS PLAN™
Through our automated platform, combined with personalized equity and cashflow planning, employees can accelerate home savings.
Learn more about our goal-based, behavior-driven, team-oriented platform.
-
Establish a Personalized Cashflow Plan
First, our equity architects guide individuals to define income and expenses, creating a customized cashflow plan.
-
Accelerate Savings
Instead of routing income into a default checking account, funds are first deposited into a separate, FDIC-insured bank account.
Our Equity Architects will then help employees set up goals and budgets designed to help employees achieve healthier financial behaviors.
With their goals and plans set, the platform then automatically routes predefined amounts to spending accounts.
If a user attempts to move more money than their plan allows, they receive a personalized alert: “Proceeding may delay your goal. Are you sure you want to continue?” This moment of reflection disrupts unconscious spending and reinforces better habits.
CONTRIBUTION PLANNING
NestSTEPS® and its partners will contribute up to $2,000 toward the purchase of a home for eligible employees who purchase through NestSTEPS® affiliated agents and finance through our preferred lender during the employer’s first two years participating in the program. These contributions may be used in place of or in addition to employer contributions.
If the employer is contributing, we help with the following:
-
Set contribution amounts that align with budgets, workforce size, and program objectives.
-
Define eligibility criteria, such as program completion or tenure.
-
Decide on payment frequency, whether quarterly, annual, milestone-based, or on home purchase.
-
Model return on investment by projecting the reduction in turnover costs relative to program expenses.
MEANINGFUL EDUCATION
We work with you to schedule 1 or more cohorts per quarter. Each cohort will include a series of onsite and virtual workshops to understand the following: