Top Employee Benefit Plan Recognized
Novaspect has been named a finalist in a national award for Employee Plan Sponsor of the Year. Located in Schaumburg (IL), Novaspect not only has an employee stock ownership plan (ESOP) and gives a generous 6% match to participants in its 401(k), but it has other benefits, such as a student loan repayment program and unlimited paid leave. In August 2018, the company unveiled its student loan repayment program, whereby it pays all employees with eligible loans $100 a month, up to a lifetime maximum of $10,000. The award is given by PlanSponsor magazine. More details.