Watch our OVERVIEW video to see how Vault helps employees pay down student loan debt and start saving for their future.
Vault was created to refocus work benefits by empowering employees to achieve financial freedom.
Debt is crushing today’s workforce. In 2018, the amount of student loan debt that Americans carry rose to $1.5 trillion. By 2027, the Federal Reserve expects this to double to $3 trillion. While employers today offer 401(k) plans as part of their benefits packages, far too often employees struggle to pay off their existing loans, leaving them unable to contribute to their 401(k)s, unsure of their financial futures and uncertain about what’s next. At the same time, employers face ongoing turnover among their employees, leading to costly recruitment and retraining.
Vault’s vision is to unite employers and employees to create a work culture that solves these financial hardships, fosters stability and ensures continual growth. Our insights, technology and ambition combine to help employees get a jump start on their tomorrow, turning HR into debt-busting heroes whose work in rebalancing debt helps to gain and retain the best employees.
Our flexible debt management platform features end-to-end management of student loan debt repayment, even enabling employers to match 401(k) contributions to student loan payments. We are working closely with major companies like New York Life, Ralph Lauren and Mastercard, to further stand out in an increasingly competitive employment marketplace, and we won’t stop until every employee achieves financial freedom.