News By Tag
News By Location
Travel Company Outski Launches 401(play)™
A new option for employer benefits packages and health and wellness programs
An employer benefits from offering a 401(play)™ plan to in several ways; for example, employees who use most or all vacation time experience an improvement to their health, including reduced stress, which ultimately leads to taking fewer sick days. It has also been proven that employees that take more vacations experience reduced burn-out, are more efficient, have stronger workplace morale, and are more productive.
401(play)™ is appropriate for businesses of all sizes, and allows employees to have funds transferred directly from their paycheck into their own FDIC-insured Vacation Savings Account, or VSA.
401(play)™ is an inexpensive way for employers to offer additional benefits to their employees. Employers who wish to provide this plan to their staff will only need to pay an annual fee of $9.95 per employee. This fee covers the cost of plan administration as well as each employee’s Travel Savings Card (Visa® or Discover®).
For an employer, the employee enrollment process takes only a few minutes to complete. Outski provides a template containing an enrollment link that employers send to their employees, and the employer simply processes the employees’ direct deposit forms as they are returned. From there, employees can execute their entire travel planning process, right on the Outski website.
Founder and CEO Greg Nickolson believes that Outski’s 401(play)™ plan is revolutionary. “It is a significant yet easily implemented or added tool to any corporate health and wellness program or employee benefit package.” It provides a measurable way for an employer to make a positive impact on the health of their employees; making mental health just as important to an effective health and wellness plan as healthy eating and exercise. He adds, “Our mission is simple yet powerful; to improve people’s lives through travel.”
A 401(play)™ plan ties into Outski’s online, interactive platform that addresses the growing problem of Americans leaving vacation days unused, and not having enough money saved when they do want to travel. Not only can travelers use Outski to budget and save, they can also plan and book their trip, and interact with other trip attendees. Being able to do everything on one platform is meant to make the travel experience simpler, and more enjoyable, for travelers.
More information about 401(play)™ and how to add this plan to an existing benefits package or health and wellness program may be found at: www.outski.com/