Why this program

• Recent studies show that the top stress factor for employees after the 2008 financial crisis is reported to be personal finance and financial insecurity.
• Financial stability and wellness come at third place right after physical and mental wellness according the Workplace Benefits Report delivered annually by Bank of America.
• 83% of employers in the USA state that financial wellness is a major contributor to more productive, loyal, engaged and content employees (Workplace Benefits Report)

Who is it for

• Companies who are seeking innovative and effective strategies to motivate and keep their best talent in the long term.
• HR managers who wish to choose an innovative pathway in structuring their company’s workplace benefits packages.
• Key employees, managers and team leads who will be fully motivated by the to bring their projects to a successful end in a comfortable environment stimulated the demonstrated empathy and care for their personal financial wellbeing.   

What does it include

• The program consists of long-term saving plans for the employees created and fully covered on behalf of the company under certain circumstances, such as fixed time period or the achievement of a goal.
• Saving plans are based on investing small monthly installments in a mutual fund, chosen based on each employee’s risk profile and personal preference.
• The duration of these plans can be 3, 5 or 10 years.
• Monthly installments can be as low as 50 BGN/EUR/USD depending on the chosen mutual fund.
• Predicted yield is calculated at 3.5 to 10% annually, depending on the risk profile of each fund.
• At the end of the fixed period the employer has the right to transfer or not the accumulated amount to the employee depending on the conditions of the contract they fixed.
• Employees do not pay tax on any profits generated through their investment.
• The employer does not pay income tax on the invested amounts during the fixed period, the income tax is payable at the end and only in the conditions are met and the funds will be transferred towards the employee.

How does it work

(Example with a 5-year Saving plan)

Employer bonuses

• It takes minimum effort on behalf of the employer to introduce the program in their company. Our consultants will organize all the necessary documentation. Managing the administrative burden is a complementary service offered by ELANA Fund Management.
• Individual financial consultations for all employees and the management team.
• ELANA Fund Management offers a free course “Managing your savings”, which can be held in the client’s office as an additional perk for your employees.

Important

This program is available for all employees in the different companies within ELANA Group. This means that the team, who will be managing the assets of your employees is personal motivated to achieve good results.