Introducing StashWorks and our list of launch partners

The StashWorks experience

StashWorks’ first group of partners includes Wonder, a company founded by entrepreneur Marc Lore that is redefining home catering and food delivery; Aurify Brands, one of New York City’s largest independent restaurant operators; PEAK6 Investments; and other major public and private brands in retail, customer service and insurance. Backed by SHRM, the world’s largest human resources association, StashWorks works directly with employers and can be accessed through top-rated PEOs and top-tier benefits brokers.

“It’s standard practice for employers to offer a 401(k) or pension for retirement, but hard-working Americans need just as much help saving for now,” said Liza Landsman, CEO of Stash. “StashWorks supports employees’ financial needs both in the short term AND long-term, with the broader impact of helping companies improve the employee experience, creating happier, healthier and more productive workplaces.”

“Stash is an innovative leader in personal finance and fintech, and we are thrilled to be both a strategic investor in Stash and a key partner in the launch of StashWorks, its disruptive new offering for businesses and their employees,” he said Johnny C. Taylor, Jr., SHRM-SCP and President and CEO of SHRM. “SHRM is the trusted authority on all things work, and we know that employers want to give their employees the tools to succeed financially, but that can be a challenge to manage. StashWorks makes it easier simple for everyone.”

For millions of Americans today, saving money is difficult and out of reach even with a regular source of income. Meanwhile, research also shows that inflation and the inability to grow wealth continue to negatively impact work experience. StashWorks makes saving a habit that lasts: Employees can designate any dollar amount or percentage of their paycheck to save on payday, quickly earning “savings streak” rewards when they reach key milestones on their journey to financial well-being .

“Offering employees a financial tool to save money not only promotes equity within our organization, but also contributes to a more inclusive and equitable workplace culture where everyone has the opportunity to thrive financially,” he said Marc Lore, President and CEO of Wonder. “StashWorks will be the first solution that offers our employees easy-to-use tools to save so they can easily achieve both short- and long-term goals in a cost-effective manner, with educational and structural frameworks that provide a holistic approach to their finances personal.”

About StashWorks:
StashWorks brings the innovation and accessibility of modern financial technology to employee benefits. StashWorks helps customers set and pursue financial goals of all sizes, one paycheck contribution at a time, creating a seamless all-in-one experience for employees to manage paycheck and savings goals in one place.1 StashWorks incentivizes profitable behavior with cash bonuses into the customer’s managed investment account when they reach specific milestones: a larger bonus to get started and, during the first six months of using the platform, the opportunity to receive additional “Series Rewards of savings” for each month the customer makes two paycheck deposits. The benefit also comes with Stash’s patented Stock-Back® Debit Mastercard®, which allows customers to earn up to 3% in equity when they spend with the card2, plus no overdraft fees3, ATM access, payday up to two days in advance4 and access to selected guidance and advice through the Stash Learn platform. With StashWorks, millions more people can use Stash to easily develop healthy habits and learn as they earn.

Stock information:
Buffer stock is an investment app dedicated to empowering people to invest and build a better life. Stash plans, starting at just $3 per month, unlock access to a suite of simple, automated solutions designed to help people find security and peace of mind through investing. In 2023, the company announced the appointment of Liza Landsman as CEO, a $40 million fundraising round, and its Smart Portfolio managed account was named the best-performing robo-advisor overall by Condor Capital.5 Stashers are 15% more financially savvy than others. average American6 and trust Stash for timely training, expert advice and clear next steps to help them grow their money and achieve lifelong goals.

For more information about Stash, visit www.stash.com.

StashWorks Saving Streak Rewards are subject to Terms & Conditions. Enrolled members will receive a $25 reward in their Smart Portfolio for their first successful direct deposit into their Stash. They will receive a $5 reward for each consecutive month with a successful direct deposit transaction for up to 6 additional rewards (total of $55 in rewards).

1 Stash offers access to investment and banking accounts in each subscription plan. Each account type is subject to different regulations and limitations. Stash monthly subscription pricing starts at $3 per month. Enrolled members will be responsible for this fee if they leave their employer or if their employer stops sponsoring the StashWorks program. Enrolled members remain responsible for any standard fees and charges reflected in the price of the ETFs, as well as fees for various ancillary services that are not included in the Stash monthly fee, as applicable, and for their Stash fee in the event that the StashWorks subscription is terminated for any reason. Please see the Consulting contract for details. Other fees apply to the bank account. Please see the Deposit account contract.

2 Stash Banking Services provided by Stride Bank, NA, Member FDIC. The Stash Stock-Back® Debit Mastercard® is issued by Stride Bank under license from Mastercard International. Mastercard and the circle design are registered trademarks of Mastercard International Incorporated. All equity rewards you earn will be stored in your Stash Invest account. The investment products and services provided by Stash Investments LLC are not FDIC insured, are not bank guaranteed, and may lose value.

All rewards earned through use of the Stash Stock-Back® Debit Mastercard® will be fulfilled by Stash Investments LLC and are subject to Terms and conditions. You will pay standard fees and expenses reflected in the price of the investments you earn, as well as fees for various ancillary services charged by Stash. To earn shares in the program, the Stash Stock-Back® Debit Mastercard must be used to make a qualifying purchase. Stock rewards paid to participating customers through the Stash Stock Back program are not FDIC insured, are not bank guaranteed, and may lose value. Restrictions apply; 3% Stock-Back Rewards available only to qualified bonus merchants on Stash+.

3 For the complete list of tariffs, consult the Deposit account contract for details.

4 Early access to direct deposit funds depends on when the payer submits the payment file. We generally make these funds available on the day your payment file is received, which is up to 2 days before your scheduled payment date.

5 Based on an independent third-party ranking by Condor Capital Wealth Management, published 11/16/2023, of 42 investment portfolios managed at 27 different providers from 01/23/20 to 9/30/23. Please see the full report for details on the methodology. The period tested was short in duration and may not provide meaningful analysis; Past performance does not guarantee future results and Candor Capital’s experience is not representative of all clients. All investments involve risk, including loss of principal. Stash has full authority to manage a “Smart Portfolio”, a discretionally managed account.

6 Based on surveys conducted online in the United States by Stash using SurveyMonkey technology in April 2021 and May 2022. 2022 surveys were completed by 1,256 non-Stashers and 1,006 Stash customers. “Financial literacy” is determined and defined on average by the percentage of correct answers to a series of financial questions by respondents. Users were grouped into groups based on the number of months they had been using Stash, then average scores were calculated for each group and the 12-month rolling average was plotted to show the clear trend between ownership and score.

Stash has full authority to manage a Smart Portfolio, a discretionally managed account.

Investment advisory services offered by Stash Investments LLC, an SEC registered investment advisor. Investing involves risk and investments may lose value. This content is for educational and informational purposes only. Nothing in this content should be construed as investment, tax, or legal advice.

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