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SoFi at Work

Paid
financial wellnessemployee benefitshr techfintechstudent loansfinancial planningemployee retentionb2bbenefits administrationemployee engagement

An employer-sponsored financial wellness benefits platform that provides employees with access to student loan solutions, financial planning, and a full suite of SoFi's banking, investing, and lending products.

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SoFi at Work is a comprehensive financial wellness benefits program that employers can offer to their workforce. The platform provides a suite of tools and resources designed to improve employees' financial health, from student loan repayment assistance and refinancing options to educational content and personalized financial planning sessions. It grants employees access to SoFi's broader ecosystem of consumer finance products, often with special perks or rate discounts not available to the general public. The unique value proposition lies in its holistic approach, leveraging a well-known fintech brand to address multiple facets of financial stress. This helps companies improve employee retention, reduce finance-related absenteeism, and boost overall productivity by making financial well-being a core part of their benefits package.

Pros

  • Provides a holistic financial wellness solution covering student loans, emergency savings, mortgages, and more.
  • Leverages the established and trusted SoFi consumer brand and product suite.
  • Offers employees access to potential rate discounts and member benefits.
  • Includes access to certified financial planners and extensive educational resources.
  • Helps companies attract and retain talent by offering a highly sought-after benefit.

Cons

  • Pricing is opaque and requires a custom sales quote, which can be a barrier for smaller companies.
  • The platform primarily funnels employees into SoFi's own financial products, which may not be the optimal choice for every individual's needs.
  • Effectiveness is highly dependent on employee adoption and engagement with the platform.
  • Less flexibility compared to platform-agnostic financial wellness providers.

Key features

  • Student loan repayment contributions and refinancing options
  • Emergency savings fund programs
  • Access to SoFi Money, Invest, Personal Loans, and Mortgages
  • One-on-one sessions with financial planners
  • A content library with articles, videos, and webinars
  • Employer dashboard for managing the program and tracking engagement
  • Seamless payroll integration for employer contributions
  • Student Loan Verification (SLV) technology

Integrations

Major Payroll Providers (e.g., ADP, Paychex)HRIS Systems (e.g., Workday, SAP SuccessFactors)Benefits Administration PlatformsSingle Sign-On (SSO) ProvidersDirect bank account linking via Plaid

Target audience

HR leaders, benefits managers, and company executives at mid-market and enterprise companies looking to enhance their employee benefits package with a comprehensive financial wellness solution.

Ratings & Reviews

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Based on 0 reviews

Key Metrics

Active Users

Over 1,000 employer partners

Founded

2011

Headquarters

San Francisco, USA

Pricing Tiers

Custom

SoFi at Work offers custom packages tailored to each company's needs. Pricing is based on company size and the specific selection of financial wellness benefits and tools to be offered to employees.

Request a Quote

Frequently Asked Questions

Top Alternatives to SoFi at Work

BrightPlan

A strong alternative that offers a comprehensive and digitally-led financial wellness platform that is independent of any specific financial institution's products.

Origin

Choose Origin for its primary focus on connecting employees with a network of human Certified Financial Planners for personalized, one-on-one money management advice.

Your Money Line (YML)

YML is an excellent choice if the goal is providing unlimited, confidential financial coaching from in-house experts without pushing specific financial products.

Gradifi by E*TRADE

Consider Gradifi if your company's primary goal is to offer a focused solution specifically for student loan repayment benefits, now backed by the E*TRADE/Morgan Stanley ecosystem.

Ready to get started?

Join thousands of users and see how SoFi at Work can transform your workflow today.

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