For credit unions

You help members build financial confidence. Now do it for your team.

The Savvly Longevity Benefit brings your mission to life inside your own workforce. You set a monthly amount for each employee, on top of your 401(k). It’s invested in a low-cost S&P 500 index fund and designed to pay out at 80, 85, 90 and 95. Employees control their accounts and keep them if they leave. See what it would cost your credit union in five minutes.

  • See the cost: your contribution plus $5 per employee per month
  • Preview the benefit statement your employees would receive
  • Get ready-to-use copy for offer letters, your careers page and an all-staff announcement
Mission-alignedComplements your 401(k)Built on S&P 500 index fundsRegistered investment fund

Why it fits a credit union

Your mission, inside your walls

You help members plan for a secure future. This puts the same commitment to work for the people who serve them.

Compete with banks for talent

A benefit people can see and understand today gives employees a reason to choose your credit union over a bank.

Easy to explain

Real money at a real age, funded by you, not their paycheck. Managers can point to it in a stay conversation.

Little lift for HR

Savvly handles setup and employee education. You pick the amount and connect payroll.

How it works

1. You set the benefit

Choose how much to contribute for each eligible employee and connect payroll.

2. Employees opt in

Savvly provides the education and instructions to get started.

3. Contributions begin

Your contributions go into accounts employees control, designed to pay out at 80, 85, 90 and 95.

What it costs

There is a PEPM. The only other cost is your monthly contribution to employee accounts.

Their benefit statement

What each employee sees: their monthly benefit, with your company’s name on it.

They keep it

Each employee controls their account, and it goes with them if they leave.

Talk to an expert

Book time with a Savvly expert whenever you’re ready. No pressure.

Letter of intent: founding cohort

Non-binding. It tells us you’d like to offer the Longevity Benefit once it’s available to your organization, so we can reserve your place and plan the launch with you.

Talk to a Savvly expert

Get answers on plan design, cost and how employees enroll.