FNP Programs

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FNP Programs

Unemployment Savings Program


A Limited Liability Corporation

The Unemployment Savings Program is the only one of its kind and has been for over 30 years. It provides a fixed annual budget and your organization’s very own interest-bearing, proprietary reserve account, all while allowing you to save thousands of dollars when compared to paying the State Unemployment Insurance (SUI) tax. More importantly, your cost and coverage is entirely unaffected by other members.

How does it work?

  • The Unemployment Savings Program is specifically designed for your organization.
    Annual fees are based exclusively on your unemployment experience and employment profile. There are no shared risks or expenses.
  • Improve cash flow by making four equal, fixed quarterly payments to your reserve account.
    While most SUI tax payments are made during the first and second quarters of the calendar year, our program members make four equal quarterly payments.
  • Build a reserve account your organization actually owns.
    Unlike the taxes paid into your SUI tax account with the state, this interest-bearing reserve account is yours and will be returned to you if you should ever decide to withdraw from the program. Your account balance can be considered an asset and recognized as such in your organization’s financial records.
  • Your organization is protected against high unemployment years with stop-loss insurance when you need it.
    If you lose funding and need to restructure your organization or reduce staff, our stop-loss insurance limits your liability.
  • Professional unemployment claims administration and cost control is included.
    Receive services from unemployment insurance professionals familiar with your state’s laws and statutory requirements to assist you with claims validation, representation at all unemployment appeal hearings, audit of benefit charges, and more.

Why choose First Nonprofit?

Our unique programs are tailored specifically to you. There are no pooled losses or shared expenses; stop-loss insurance limits are calculated for each member based on their size and experience; an individual organization’s coverage limits are not impacted by any other member’s negative claim experience.

We offer true insurance coverage, not group reserves or joint and several liability exposure. Every dollar paid into your reserve account pays for claims charged only by your former employees. In addition, we have access to claims administrators across the country, allowing you to access service that fits your organization’s needs.

Ready to chat? Get in touch today to request a no-obligation savings evaluation.

Testimonials

PORT Health Services has had a great experience with the Unemployment Savings Program offered through First Nonprofit. Throughout the years we have been involved in the program, we have increased our reserve account significantly through this program and find the reporting we receive both timely and useful. We look forward to our continued involvement with this program and our connection with First Nonprofit for many years to come.

PORT Health Services, Greenville, NC

Job One was spending a lot of money on unemployment. Our insurance broker, Mark Simcosky, recommended that we switch over to First Nonprofit. We did just that! This switch has been a huge savings for us! This switch saved us over $10,000 in the first year. Their customer service is Superior! Any time we have a question, we get a response very quickly. Any time we send them a report and they have a question; they call rather than just assuming. They were very responsive during COVID, even when they were in crisis mode their selves. They also were always there when we needed during COVID and very helpful! We would 1,000% recommend First Nonprofit to anybody that could benefit from it!

Job One, Independence, MO

My experience with FNP has always been positive. Every time I have had to contact them, I’m always put in contact with a friendly and knowledgeable person. If something is missing from our account, they reach out to us to request it. It’s nice to work with a company that makes sure our account is current. I would recommend them to any nonprofit looking to reduce their unemployment insurance costs.

Family Counseling Center, Gloversville, NY

We’ve saved tens of thousands of dollars PER YEAR by changing to become a reimbursing employer, freeing funds for much needed capital investment. FNP has been a valued partner in this process, providing assurance that we have stopgap coverage for extraordinary claims and keeping claims response painless and simple. It’s a huge Win/Win!

NC UM Camp & Retreat Center, Garner, NC

First Nonprofit gets an A+ in my book. You are so easy to work with & very knowledgeable! Whether it is my quarterly correspondence with Kim or my random interactions with Dawn about a bond … I am so pleased that I get to work with such a helpful company. Thank you!

Women's Choice Network, Pittsburgh, PA

When I first began in my position at my organization, I hadn’t had experience working with a company like FNP. The staff was so patient and helpful in helping to explain the benefits of First Nonprofit. Anytime I reach out with a question I receive a quick, clear, and thorough response. I’m so thankful that we decided to partner with FNP. Their excellence in customer service, coupled with their variety of packages frees us up to truly serve our staff and community with a peace of mind knowing that our organization is protected against unanticipated unemployment insurance expenses.

Homes of Hope, Greenville, SC

FNP is a great resource for Daniel Kids. To have a TPA that we can count on to take point on not only managing our unemployment claims, but to support and guide any protest hearing, is invaluable. All the professional support staff we have worked with have been excellent, very knowledgeable and responsive. We are grateful for the help and support, thank you.

Daniel Kids, Jacksonville, FL

Chicago Children’s Theatre has greatly benefited from our partnership with First Nonprofit, and I have always enjoyed working with the staff on our filings and any complicated questions. I would not hesitate to recommend First Nonprofit to fellow nonprofits. We’re very happy customers.

Chicago Children’s Theatre, Chicago, IL