Andersen Tax, a global financial advisory company, has added student loan assistance to its benefits package.
The San Francisco-based firm partnered with student loan repayment company Gradifi — First Republic Bank acquired it in December 2016 — to defray student loan costs.
Starting January 2018, the firm will provide full-time employees with $100 a month for up to 60 months for the payment of student debt. At the end of the five-year period, employees will receive an additional lump sum of $6,000, bringing the total to $12,000. The firm has more than 2,300 employees in 75 locations globally.
The benefit joins the company’s education benefit offering, which includes employer-sponsored master programs in Laws in Taxation or Legal Studies in Taxation at the University of San Francisco.
“We believe this student loan repayment assistance program is the richest benefit of its kind among our industry competitors and that it, in addition to our USF program offerings, clearly demonstrates our willingness to put our money where our mouth is in support of higher learning for our people,” says Nancy Power, managing director of human resources.
“One of our goals at Andersen Tax is to support the diverse needs of our people at every stage of their lives, whether they are just beginning their careers, starting a family, or thinking about retirement,” says Dan DePaoli, U.S. country managing director for Andersen Tax LLC. “Assisting our people with paying down their student loan debt is just one way we are supporting the financial wellbeing of our people.”