Case Study: Thriveworks achieves $5,250 annual tax savings and offers tax-free monthly benefit allowances with PeopleKeep

Thriveworks saves thousands of dollars per year by switching to PeopleKeep

Thriveworks, a fast-growing counseling center franchise in Austin, TX, struggled to offer affordable traditional group benefits and was instead paying employees taxable stipends that triggered payroll and income taxes. After learning about PeopleKeep, Thriveworks explored PeopleKeep’s personalized benefits automation software to provide formal, tax-free monthly benefit allowances and solve the tax and affordability issues.

PeopleKeep implemented a reimbursable, automated benefits program that let Thriveworks set a budget, give tax-free allowances, and automate administration and compliance. The change delivered measurable impact: about 35% average tax savings compared with taxable stipends, a projected $5,250 in annual tax savings, roughly 5 minutes of admin per month, and 100% employee participation—helping Thriveworks hire and retain staff more effectively.

Thriveworks

Kelly Pfeiffer

Thriveworks