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Kings now offers Student Loan Paydown Plan as benefit to leadership employees

Kings Dining & Entertainment, which operates Kings Bowl and Kings Whiskey Room at the CoolSprings Galleria mall, has announced that they have signed on with Boston-based Gradifi, the industry’s leading provider of the Employer SLP Plan™ benefit (Student Loan Paydown Plan) to introduce a new employee benefit: financial assistance to pay down student loan debt.

Kings is joining the ranks of other progressive companies in tackling our nation’s student loan debt crisis, which affects 70% of recent college graduates in the United States.  A recent survey by Student Debt Crisis, a nonprofit organization aimed at helping students repay debt, reported that 86% of respondents considered their loan debt a “major source of stress.”

Kings will supplement eligible employees’ regular student loan payments with a monthly contribution through the Gradifi-managed SLP Plan™ benefit.  Kings will contribute up to $175 per month toward eligible employees. These contributions can take years off student loan balances – potentially shaving three or more years off of a 10-year loan.

“As Kings continues to expand, we are looking to attract top talent and be known as the ’employer of choice,’ so our mission has been to offer benefits that are meaningful to our leaders.  After taking a poll of our entire leadership team, the most desired new benefit requested was the student loan repayment program. The program won unanimously in the vote as the addition our team wanted to see introduced to our growing list of unique benefits,” explains Kings Chief Operating Officer, Joshua Rossmeisl.  “Our goal is to improve the financial stability of our leaders by helping to alleviate the burden of the educational loans outstanding among those who have chosen to further their education.  Kings’ culture values include a commitment to “grow yourself” which commonly refers to ongoing educational practices that help improve and enrich the minds of our team and this program takes that commitment to the next level.”

Kings Dining & Entertainment was established in 2002, in the heart of Boston’s Back Bay. The Franklin store opened in 2016, as part of redevelopment efforts at CoolSprings Galleria.
To learn more about Kings, visit https://www.kings-de.com/
By | 2019-04-11T21:50:25-05:00 April 11th, 2019|Categories: Business, BW-News|Comments Off on Kings now offers Student Loan Paydown Plan as benefit to leadership employees

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