Sunny Day Fund is an out-of-plan emergency savings program and platform, outside of ERISA and completely separate from your retirement plan.
Employees elect a post-tax payroll contribution into a free savings account through Portage Bank, Member FDIC, with no credit checks or minimums. Employer rewards (think: match) are paid quarterly based on average daily balance, plus optional year-end or spot bonuses. Employees set goals, from a rainy day fund to saving for sunnier days.
Built on behavioral finance principles, Sunny Day Fund drives fewer 401(k) loans and withdrawals, less credit card and payday debt, and happier, more productive employees.