WorkPlace Advantage
This WorkPlace Advantage feature rewards employees with benefits as they use more PNC products and services.
What is PNC TotalRewards?
This company partners with PNC to help deliver the PNC EarnedIt benefit, giving employees access to earned wages before payday.
What is DailyPay?
These three letters describe an account that can be paired with a qualified High Deductible Health Plan to save for healthcare expenses.
What is an HSA (Health Savings Account)?
This company partners with PNC to deliver PNC Student Debt Solution, giving employees access to tools and resources to manage every stage of their student loan journey in one platform.
What is Candidly?
The ERM is responsible for this starting September 1 if an organization does not have PNC WorkPlace Advantage or other PNC Financial Wellness Solutions programs.
What is the end-to-end process (manage entire client relationship/manage in Edge)?
This is the PNC Total Rewards tier that employees are automatically eligible for after setting up a qualifying direct deposit and enrolling in the program.
What is the Silver Tier?
This is the cost to an employer to offer PNC Earnedit as a workplace benefit.
What is no cost to the employer?
Unlike an HSA, funds in this account are generally subject to a "use-it-or-lose-it" rule and do not automatically roll over from year to year.
What is a Flexible Spending Account (FSA)?
Nearly half of employers offer this student debt benefit, yet only 2% of employees take advantage of it.
What is Tuition Reimbursement?
This PNC BeneFit Plus account allows employees to use pre-tax dollars to pay for eligible commuting and parking expenses.
What is a Qualified Transportation Account (QTA)?
This employee engagement option allows ERMs to present WorkPlace Advantage to organizations with geographically dispersed employees while reducing travel time and costs.
What are Virtual On-Sites?
The cost of an instant wage transfer through PNC EarnedIt and the cost of a next-business-day transfer.
What is $3.49 for a same-day transfer and $0 for a next-business-day transfer?
This is the minimum balance an employee must maintain in their HSA before they can begin investing a portion of their funds.
What is $1,000?
This retirement benefit allows employees to receive matching retirement contributions based on their qualifying student loan payments, even if they are unable to contribute enough to their retirement plan.
What is a Student Loan Retirement Match?
This funding model used by DailyPay allows employees to receive their earned wages directly from DailyPay, with the employer reimbursing DailyPay later. It also helps avoid payroll deduction issues that can create confusing tax statements.
What is the Fully Funded Model?
This process is expected to occur within 3-5 days after an employee receives a Voyager link to open a new PNC deposit account, ensuring they have the knowledge and resources needed to begin their financial wellness journey with PNC.
What is Onboarding?
The maximum percentage of net earned pay an employee can access before payday through PNC Earnedit.
What is 80%?
These are the three competitive advantages of PNC BeneFit Plus, helping employees save money through tax-advantaged accounts for healthcare and dependent care expenses.
What are convenient payment options, educational resources, and a designated local support team?
This federal program offers student loan forgiveness for borrowers who work in qualifying public service or non-profit jobs and make 120 qualifying payments.
What is Public Service Loan Forgiveness?
This new federal income-driven repayment plan is replacing the SAVE Plan and will become a primary repayment option for federal student loan borrowers.
What is the Repayment Assistance Plan (RAP)?
This new document, created by the Account Manager, outlines the ERM's communication strategy with employees and establishes the schedule for targeted email marketing campaigns.
What is the Engagement Plan?
This common source of short-term funding is what PNC Earnedit helps employees avoid relying on when they need access to money between paychecks.
What are payday advance loans?
These are the 2026 individual and family maximum pre-tax contribution limits for a Health Savings Account.
What are $4,400 for individual and $8,750 for family?
This is the maximum amount an organization can contribute each year toward an employee's student loan repayment or educational assistance on a tax-free basis.
What is $5,250
This organization's name is represented by the acronym NACHA and oversees the ACH network that facilitates electronic payments in the United States.
What is the National Automated Clearing House Association?