Chipotle Mexican Grill introduces new benefits to help workforce
Christian Fernsby ▼ | January 26, 2024
Chipotle Mexican Grill announced that it will be providing additional financial wellness and mental well-being support for more than 110,000 employees through a new Employee Assistance Program and enhanced benefits.Article continues below
Chipotle's new benefits will enable eligible employees to:
Pay off student debt while saving for retirement: Utilizing SoFi's Student Loan Verification (SLV) service, once an employee becomes eligible for Chipotle's 401(k) plan match, the company will match up to 4% of an employee's salary through contributions to their 401(k) if they make eligible student loan payments.
The benefit solution, launched in response to Congress' approval of the Securing a Strong Retirement Act (SECURE 2.0), allows employees who qualify to no longer have to choose between paying off student debt or saving for retirement – they can do both.
Build credit: Chipotle employees will have access to a premium banking experience from Cred.ai featuring a high-tech Visa card that offers security features, faster access to paychecks, and Cred.ai's "Credit Optimizer," which helps build and boost credit scores automatically, even for employees who already have good credit.
Manage their financial wellness: Chipotle's partnership with SoFi will also give employees access to the SoFi at Work Dashboard, a financial well-being education platform, which includes an assessment of current financial outlook, followed by suggestions and tools to improve.
Access mental health resources: Chipotle's New Employee Assistance Program (EAP), SupportLinc, powered by CuraLinc Healthcare, focuses on mental and emotional well-being.
It includes six free sessions with a licensed counselor or mental health coach, as well as access to tools, resources, and community support for legal, financial, and family matters. ■ What to read next
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