Introducing Stride Save* with Contributions: The Future of Worker Benefits
A message from Noah Lang, CEO & Co-founder of Stride, to our partners
Together with our partners, we’ve helped more than 4 million workers save on their taxes and monthly health insurance premiums for more than a decade. And we are just getting started!
Since the day I founded Stride, independent workers have been urging us to solve one of the biggest challenges they face: help setting aside money for savings and essential benefits.
Stride now solves the top three benefit needs of independent workers: health coverage, tax support, AND savings — with the added support of contributions from companies.
Last year we launched a nationwide research study of independent workers where they confirmed their need to build emergency savings, set aside money for PTO, easily access affordable health insurance, automatically withhold for tax obligations, and budget for personal goals.
Today, I couldn’t be more excited to announce we’re expanding our portable benefits suite with a first-of-its-kind innovation, Stride Save, with the option for companies to boost workforce savings with customizable Stride Contributions programs. Read more in our press release here.
Stride Save empowers individuals to automate savings* for essential needs like health insurance, long-term savings, and well-deserved paid time off — all while earning 4.03%** interest. It’s free for Stride’s partners and provides a critical tool to enhance worker engagement and retention.
Stride Contributions is a first-of-its-kind program that enables companies with independent workers to make contributions into an individual's portable benefits savings account, which the worker can then apply to health or other insurance coverage as well as financial benefits like emergency savings, time-off, sick leave, or long-term savings. The program is fully customizable and was designed with the goal of improving workers’ savings and retention. DoorDash just announced their participation as the first company to launch this exciting program.
Stride Save expands our portable benefits suite to now include savings-related benefits in addition to the burgeoning independent workforce’s most complex health and tax needs. Stride Save acts as an individual portable benefits account that any company or individual can contribute to, offering personalized financial guidance to help workers allocate those contributions across savings and insurance benefits.
We’re thrilled to open this opportunity up to more partners and continue our mission of helping you sustain a thriving, engaged, financially secure workforce. You can email me at noah@stridehealth.com, or reach out to our Partnerships Team at partners@stridehealth.com to learn more.
Thank you for your continued support and valued partnership with Stride!
-Noah Lang, CEO & Co-founder of Stride
For companies interested in Stride Save, complete this form or email us at partners@stridehealth.com.
Are you an independent worker interested in Stride Save? Sign up for the waitlist here!
*Stride Savings LLC is a financial technology company and is not a bank. Banking services are provided by i3 Bank, Member FDIC and subject to their terms and conditions. The Stride MasterCard Debit Card is issued by i3 Bank pursuant to a license from MasterCard, Inc. and may be used anywhere MasterCard
**The interest rate on your account will be 4.03% with an Annual Percentage Yield (APY) of 4.11%, and these rates are effective as of 02/19/2024. Rates are variable and based on the target range of the Federal Funds rate. Fees could reduce earnings on the account.
