Summer PBC — Employee financial wellness

Contract 031623-SMR is a cooperative purchasing agreement between Sourcewell and Summer PBC for the provision of Employee Financial Wellness Programming and Related Employer-Sponsored Financial Solutions. This contract is designed for use by participating public entities, government agencies, and non-profit organizations across the United States and Canada. The scope of services encompasses a variety of financial wellness tools, including student loan repayment benefits, employee loans, health care savings vehicles, and professional credit counseling and financial wellness coaching. The agreement provides participating agencies with significant cost advantages, including a 24 percent reduction in Per Employee Per Month pricing and a 50 percent reduction in minimum contract requirements. Pricing tiers are specifically structured for Summer Support, Summer Contribution, and Summer Tuition Reimbursement based on the total employee count. Originally established with an expiration date of May 29, 2027, the contract has been formally extended to May 29, 2028, while maintaining all original terms and conditions.