State Unemployment Insurance: How can your organization avoid the high cost of State Unemployment Insurance (SUI) taxes?

August 31, 2020

State Unemployment Insurance: How can your organization avoid the high cost of State Unemployment Insurance (SUI) taxes?

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Consider altering the method by which you fulfill that unemployment responsibility to one that also allows greater financial control.

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Eligible Organizations

Over 2,100 nonprofit, tribal and governmental entities currently participate in our successful unemployment risk management programs that save money (as much as 40%), are fully or partially insured, and provide greater control over that
cost.

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They include:

  • Social service organizations
  • Charter and private schools; colleges and universities
  • Healthcare and hospitals
  • Mental health/rehabilitation
  • Native American/Alaska Native tribes and enterprises
  • Local, county and state government entities
  • Religious charities/service
    organizations
  • Charitable foundations

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Underwriting Eligibility Guidelines

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  • Available in all 50 states
  • IRS qualified 501c3 organizations
  • NA/AI tribes and their enterprises
  • Local, county and state
    government entities
  • Minimum 10 employees in most
    states

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Programs

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  • Bonded Service Program: Risk Free
    first and last dollar coverage
  • Unemployment Savings Program:
    Proprietary interest-bearing reserve
    account, plus stop-loss
  • NUF Program: Claims
    administration, finance
    management and HR support
  • Excess Loss Program: “Working
    Excess Coverage” fits the level that
    works best for the organization’s risk
    tolerance
  • Surety Bonds: Required in many states
    for “reimbursing” employers
  • Group Program Management:
    Individually tailored programs for public
    and nonprofit member organizations
    includes underwriting, billing, and
    management of reserves

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Program Benefits

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  • Fixed annual cost
  • Budgetary certainty
  • Insurance protection
  • Improved cash flow through equal quarterly payments
  • Professional claims management and cost audits
  • Reimbursement payments to state agencies for individual claims
  • Posting of collateral (surety bonds) with state unemployment agencies
  • FNPACCESS: Live HR advice, group purchasing and discounted background services

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Easy Application Process

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  • Contact us
  • Simple, two-page initial application
  • We process all onboarding
    state paperwork

Ready to chat?
Get in touch today to request a no-obligation savings evaluation.

Testimonials

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.

New York Council of Nonprofits, Albany, NY

It has been our sincere pleasure to maintain a strong, vibrant business partnership with First Nonprofit. We greatly admire their strong industry knowledge, technical expertise, constant professionalism, knowledgeable and dedicated staff. They are always extremely responsive, personable and provide us with the necessary guidance and recommendations on a numerous variety of employment scenarios. We are impressed with the accuracy of their employment decisions, integrity of their employees and efficiency of their claim handling. We greatly respect and value the consistent, impressive cost savings from the utilization of their outstanding services.

 

Thresholds, Chicago, IL

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.

Illinois Network of Charter Schools

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.

Hugh Parry, Retired President of Prevent Blindness America