The only benefit where every dollar you spend lands in your employee's hands.
Employer-sponsored student loan repayment, fully managed under IRC Section 127. Up to $5,250 per employee, per year — tax-free. Tailored pricing, launches in 24 hours, works with any payroll.
*Fidelity Investments, Student Debt Direct client analysis, 2023–2024. Individual results vary.
Employee Benefit Dashboard
Tax-Free14% of U.S. employers now offer student loan repayment — up from 4% in 2019. You can be the one that wins talent from the other 86%.
Source: International Foundation of Employee Benefit Plans, 2024 Employee Benefits Survey.
Your team will actually use this
Enrollment takes under 5 minutes. No paperwork, no awkward HR conversations. Employees connect their loans and watch the balance drop.
Salary raise vs. student loan repayment.
Same $5,250 of employer spend. Two very different outcomes for the employee.
A fully managed Section 127 platform. We handle everything.
Plan document, compliance, payroll integration, direct-to-servicer disbursement, employee experience — end-to-end.
Tax-free on both sides
Up to $5,250 per year is excluded from W-2 Box 1 wages and FICA-exempt for both the employer and the employee within the Section 127 cap.
Compliance handled
We generate the Section 127 plan document, run annual nondiscrimination testing, and provide W-2 reporting support.
Direct-to-servicer
Funds route from your payroll into a custodial escrow account, then straight to each employee's loan servicer as additional principal.
Works with any payroll
ADP, Gusto, Rippling, Paychex, Paylocity, QuickBooks, Workday — read-only APIs where available, flat-file uploads otherwise.
Works with your payroll stack
Meet Maurice. Your team's 24/7 expert on everything Section 127.
Maurice is a trained student loan and benefits expert, built into every page of the platform. Your employees can ask him anything — tax treatment, enrollment steps, servicer edge cases, SECURE 2.0 interactions, payment timing, W-2 questions — and get a clear, accurate answer the moment they ask.
New in 2026: Maurice speaks your team's language.
Student loan debt doesn't speak only English. Neither does Maurice. Every conversation, explanation, and help article is available in 25+ languages.
For employers in healthcare, skilled trades, hospitality, manufacturing, and any workforce where English is a second language, this is the difference between a benefit that gets used and a benefit that sits in the handbook.
Answers in plain language, not legalese. Employees get real answers, not a “please contact HR” deflection.
Trained exclusively on Section 127, SECURE 2.0 §110, IRS Publication 15-B, and BenefitPlus operational policy. Grounded in authoritative sources — designed to avoid guessing on benefit rules.
Available 24/7 across every page of the employee and employer portals.
Never replaces your HR team — takes the 80% of repeatable questions off their desk so they can handle the ones that need human judgment.
A benefit nobody uses isn't a benefit. We make sure yours gets used.
Most employee benefits fail at the same step: rollout. HR launches the program, sends one email, and watches enrollment stall at 18%. BenefitPlus comes with a full co-branded marketing suite — so the day you sign up, your team has every asset they need to drive enrollment, built in your brand, ready to ship.
What's included, branded with your logo and colors:
Launch announcement email — the “we have big news” all-staff email, written to drive same-day signups.
Employee FAQ one-pager — the ten questions every employee asks about Section 127, answered in plain English.
Open enrollment flyer — print-ready, designed for break rooms, bulletin boards, and new-hire packets.
Intranet, Slack, and Teams copy — short, medium, and long-form announcement variants.
Enrollment reminder email sequence — a four-email drip to convert employees who didn't sign up on day one.
All-hands presentation slide — a single clean slide, drop-in-ready for the next company meeting.
Manager talking points — one page. For when a direct report asks their manager, “wait, is this real?”
New-hire onboarding insert — so every future hire learns about the benefit the day they sign their offer.
Short explainer video — 90 seconds, your logo, your brand colors.
All assets are delivered in editable formats (PDF, PowerPoint, Google Slides, Canva templates). You get them the day your contract starts.
See the marketing suiteUp and running in days, not months.
BenefitPlus handles compliance, payments, reporting, and employee communications.
Set Up Your Plan
Configure eligibility rules, contribution amounts, and who receives the benefit.
Employees Enroll
Connect loans through the encrypted portal or upload a MyStudentData file. Under five minutes. In their language.
Payments Flow
Contributions route directly to each servicer every pay period as additional principal.
Track & Report
Real-time dashboards, year-end nondiscrimination testing, and W-2 reporting support.
See what BenefitPlus saves you
Adjust the sliders to match your organization, or choose an industry below for pre-filled estimates.
Beyond the Numbers
Value this calculator can't capture
Annual Program Impact
75 employeesGet your personalized savings report
We'll email you a detailed breakdown based on your inputs above.
Estimates are for illustrative purposes only and do not constitute financial, tax, or legal advice.
Individual results may vary.
Built for the industries that need it most.
Student loan debt hits every industry differently. Open any sector for the full guide with debt data, ROI analysis, and implementation details.
Healthcare
Physicians, nurses, and allied health pros often carry six-figure debt. A retention lever that compounds annually.
Read guideTechnology
Engineering and data talent compares total rewards. Section 127 sits next to equity and 401(k) match.
Read guideLaw Firms
Associates carry JD debt into every book of business. A meaningful differentiator on offer comparisons.
Read guideDental Practices
Dental school debt routinely exceeds $300K. A small contribution stands out against practices that offer none.
Read guideVeterinary
DVMs carry the highest debt-to-income ratios of any profession. Section 127 closes that gap.
Read guideSkilled Trades
Trade school and apprenticeship debt is smaller but pivotal. Section 127 helps shops attract and retain licensed talent.
Read guideThe law behind the benefit.
BenefitPlus operates under three intersecting federal provisions. Read any of them for the full story.
IRC Section 127, explained
A complete employer's guide to Section 127 educational assistance programs and the $5,250 annual exclusion.
Read the guideOBBBA 2025 impact
How the One Big Beautiful Bill Act made employer student loan repayment a permanent feature of the tax code in 2025.
Read the briefSECURE 2.0 Section 110
How the 401(k) match on qualified student loan payments interacts with, and stays separate from, a Section 127 program.
Read the guideQuestions HR teams ask us first.
Ready to become an employer
your team never wants to leave?
Pricing is tailored to your team size and rollout plan. Whether you're 5 employees or 5,000, we walk through the structure on a 30-minute call.