March 15, 2018
What do state unemployment tax (SUTA) costs, claims costs and wage base amounts mean to your organization?
Employers in New Hampshire paid an average of $123 per employee in state unemployment insurance taxes in 2017.
$11,102 in Total Maximum Benefits: A claimant can collect up to a maximum of $11,102 on a single claim in New Hampshire.
$4.8 Million in Unemployment Claim Over payments: New Hampshire’s fiscal year 2017 unemployment claim over payment rate was 9.923%, equaling over $4.8 million.
According to the U.S. Department of Labor, New Hampshire Employment Security is financing unemployment at 61% less than their minimum adequate financing rate. In order to meet adequate financing, Employment Security will have to increase average SUTA costs per employee from $123 to $315.
First Nonprofit Group provides state compliant, individually insured, cost-saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities. Click here or call (312) 239-8385 to request a free, no-obligation cost savings evaluation. Evaluations include a 2019 rate projection!
NYCON members who use First Nonprofit’s programs enjoy enduring savings and improved efficiency. Our association knows that success, because from the beginning, we achieved the same great benefits. Great savings, seamless technology, and responsive service. NYCON highly recommends First Nonprofit’s remarkable unemployment solutions.
We were introduced to First Nonprofit through another housing authority. In our analysis and comparison to what we were paying the State, our first year savings was $5,800 plus. We have been with them since the end of 2008 and I am glad we have been. I consider them an arm of our HR department.
Because INCS advocates for the operating conditions that allow charter public schools to provide high quality public education, partnering with First Nonprofit was an easy decision. First Nonprofit’s unemployment programs provide our member schools two operating elements crucial to their ability to provide high quality public education: savings and budget certainty. Capable, committed teachers are the key to student success. By participating in the unemployment insurance savings plan, charter public schools gain peace of mind and are able to invest more money in their teachers.
Throughout our membership in the Unemployment Savings Program, First Nonprofit understood our demands, community dynamics, and the importance of seamless services; that allowed us to serve our constituents better.