Unemployment insurance cost facts every Arkansas nonprofit should know

May 25, 2016

Unemployment insurance cost facts every Arkansas nonprofit should know

Arkansas pictureWhat do state unemployment taxes (SUTA) , state unemployment reserve balances and claims overpayment rates mean to your nonprofit?

These factors could mean less money for your nonprofit organization’s cause.

$348 Average State Tax Cost Per Employee

Factors used in calculating employer unemployment rates have increased, therefore increasing the average unemployment cost per employee by 38% from $253 in 2009 to $348 by 2015.

$25 Million Unemployment Claim Overpayments

Arkansas’ April 2014 – March 2015 unemployment claim overpayment rate was 10.511%, equaling over $25 Million.

ARK graph

There are options to financing your nonprofit organization’s state unemployment costs.

First Nonprofit Group provides state compliant, individually insured, cost saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities. Above is a sample savings analysis of one of our members in Arkansas since 2009.

We provide more than 1,800 organizations around the country with unemployment insurance at affordable rates. Click here or call 1-(800) 526-4352 to request a free, no-obligation cost savings evaluation. Evaluations include a 2017 rate projection!

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

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