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Spichers Appliances & Security has always been dedicated to providing exceptional products and services to customers. Now, they’re extending that same commitment to their employees by partnering with Sunny Day Fund to offer a brand-new financial wellness benefit.
This partnership is all about empowering Spichers' team to take control of their financial futures—and it couldn’t come at a better time!
Why Sunny Day Fund?
When Spichers heard about Sunny Day Fund, they knew it was the perfect fit. Tracy Stains, Human Resources Manager at Spichers, shared her excitement:
"We were excited to offer Sunny Day Fund to our employees because we have such a diverse group of individuals that work here, some of whom are very young, and they're definitely not thinking of retirement; they're thinking of the day-to-day expenses. And when this was presented to us, I thought that it would be a great opportunity for our employees, for all employees for that matter, to have an emergency fund."
For Tracy, it’s all about giving employees financial peace of mind without the headaches of tapping into traditional savings accounts like 401(k)s, which can have penalties or tax implications.
"This will help them save money and have that available to them when they need it."
Building Financial Security for the Team
One of the best parts of this partnership is how it encourages employees to build financial stability. Many Spichers employees, like countless others, live paycheck to paycheck and sometimes rely on credit cards for emergencies. Tracy believes that Sunny Day Fund will make a difference:
"Our employees live, or most employees anyway, live paycheck to paycheck. They use credit cards to get by in a few weeks, and having a savings account like this will be very helpful. I think this will encourage employees to save money for emergencies or even to buy something that they've always wanted."
This is more than just an emergency fund—it gives employees a sense of security and confidence in their financial future. It makes their existing paychecks more impactful by prioritizing and accomplishing the financial goals that are most important to them and their families through automated payroll deduction contributions to those goals.
Positive Employee Response
The response from the Spichers team has already been incredibly positive. Employees are excited about having the Sunny Day Fund as a way to save for the unexpected without the stress of financial penalties.
"I think Spichers, being a part of this, will let employees know we care and want to see them be more financially secure and have less stress," Tracy added.
And that’s not just lip service. Spichers is also kicking in a quarterly cash reward to employees’ Sunny Day Funds to incentivize these new savings behaviors based on their current balances. Employees can now say, “My employer helped me save up for that new car down payment,” or “My employer helped me take my family on vacation.” It’s clear that this new benefit will have a lasting impact on the lives of Spichers’ employees, giving them the tools they need to take control of their finances and help accomplish all the goals in life that require money before retirement.
About Spichers
Spichers Appliances & Security is a family-owned business specializing in high-quality home appliances and security solutions. They pride themselves on delivering top-quality customer service, knowledgeable staff, and competitive pricing. With this exciting new partnership, Spichers is showing the same dedication to their employees’ well-being.
A Partnership with a Purpose
At Sunny Day Fund, we believe that every worker deserves financial stability. That’s why we’re thrilled to partner with a company like Spichers, which shares our mission of empowering employees to build financial resilience. This partnership was created through the innovative thinking and client prioritization of Tribridge Partners, who foresaw how impactful this financial wellness strategy could be for the workforce at Spichers.
Through these collaborations, we’re helping to shape a future where financial wellness is accessible to all working Americans. This partnership is a shining example of how employers can support their teams in meaningful ways—and we’re just getting started.