SARATOGA SPRINGS, NY – Fingerpaint, an independent, full-service marketing agency, announced that it will begin making company contributions to help employees pay down their student loans – allowing them to eliminate their debt years sooner. This progressive new benefit is possible through a partnership with Gradifi, a leader in student loan repayment programs for U.S. employers.
Fingerpaint, which already offers industry-leading benefits such as free healthcare premiums for employees and their dependents and month-long paid sabbaticals after five years of service, will begin contributing $100 per month to the principal balances of its employees’ student loans. For an employee with the median amount borrowed for a bachelor’s degree, this level of employer contribution could result in more than $10,000 in savings on loan principal and interest, a 30 percent reduction in total payments, and the loan would be paid off three years faster.
Fingerpaint expects to incur $60,000 in annual costs as a result of the program, with costs increasing as the agency continues to grow and hire more employees.
“We do everything possible to live up to our value of putting people first,” said founder Ed Mitzen. “It’s a win-win knowing that this benefit will help the great people working at Fingerpaint already, in addition to giving us a leading edge in recruiting as we continue to grow.”
The benefit was announced at the agency’s 10th anniversary celebration earlier this month, when all 180-plus employees were flown to Scottsdale, Ariz., for four days of meetings, cross-office collaboration, and festivities. As another thank-you to the company and the dedicated people behind it, an office rotation program, a 300 percent increase in the 401(k) match, and summer business hours were also announced during the retreat.
“Seeing the sheer number of our employees this benefit would affect was extremely gratifying,” said Fingerpaint’s head of People & Culture, Nicole Holland. “We’re so proud to add Gradifi to our benefits package and can’t wait to see the impact it has on those it supports.”
Reset your expectations of a marketing agency. Independent by design, with integrated talent across Saratoga Springs, New York; Conshohocken, Pennsylvania; Scottsdale, Arizona; and Columbus, Ohio, Fingerpaint is committed to creating and executing meaningful brand experiences that are never paint by number.
In the last two years, Fingerpaint received 14 American Advertising Awards (formerly the ADDYs); was named 2014 Agency of the Year and a 2017 finalist by Med Ad News; was named Advertising Agency of the Year by PM360 in 2015; has been named to Inc. Magazine’s list of the 5000 Fastest-Growing Companies (for the past five years); was selected a Best Place to Work by the Albany and Philadelphia Business Journals; and won Business Intelligence Group’s PR & Marketing Agency of the Year in 2017. Founder Ed Mitzen was honored as 2016’s Industry Person of the Year by Med Ad News. Visit us at fingerpaint.com and follow us on Facebook, Twitter, LinkedIn, and Instagram.