The Time is Now!

March 29, 2016

The Time is Now!

64%: That is how much state unemployment taxes (SUTA) per employee have increased since 2009. The time is NOW to review your options!

Nonprofits, Tribal Nations, and governmental entities are required to pay for unemployment claims in one of two ways:

1. State Unemployment Insurance Tax (SUI)

2. Reimbursement Financing

There is a safe alternative to paying the UI tax and self-insurance.

First Nonprofit offers two different unemployment insurance programs:

Unemployment Savings Programs

– Lower cost than the SUI Tax

– Fixed annual cost

– An interest-bearing, proprietary reserve account owned by the nonprofit

– Stop loss insurance for each individual member account

– No pooling or shared risk

– Professional claims management

– Representation at all hearings

Bonded Service Program

– Lower cost than the SUI Tax

– Fully insured, guaranteed cost coverage

– Fee set at a percentage of gross payroll

– Experience Credits for positive claims performance

– Multi-year coverage options

– Professional claims management

– Representation at all hearings

Click to view the .pdf

 

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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

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.

Kankakee County Housing Authority, Kankakee, 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