TL;DR

ESPPs are becoming more generous, with increased discounts, lookbacks, and longer offering periods, as highlighted in a recent survey by NASPP and Deloitte Tax LLP. Benny helps employees maximize their Employee Stock Purchase Plans (ESPPs) without impacting their take-home pay, with users gaining an extra $3,000 annually on average.

In recent years, Employee Stock Purchase Plans (ESPPs) have evolved to become more generous, offering greater benefits to employees. This trend aligns with the growing recognition of ESPPs as valuable tools for promoting employee ownership, fostering inclusive wealth accumulation, and aligning employees with their company's performance goals. Benny is at the forefront of helping employees make the most of these enhanced benefits without impacting their take-home pay. With Benny, users gain an average of $3,000 more annually through their ESPP.

Trends in ESPP Generosity: Some Seriously Good News

According to the 2023 Employee Stock Purchase Plan Survey conducted by the National Association of Stock Plan Professionals (NASPP) and Deloitte Tax LLP, several key trends indicate that ESPPs are becoming more generous:

Increased Discounts

The survey revealed that 85% of companies now offer a 15% discount on ESPP purchases, up from 70% in 2020. This substantial discount can significantly boost the returns employees see from their stock purchases, especially when stock prices rise.

Utilization of Lookback Features

The lookback feature, which allows the discount to be applied to the lower of the beginning or ending stock price of the offering/purchase period, is now used by 83% of companies, up from 62% in 2020. This feature enhances the value of ESPPs, providing employees with a better opportunity to accumulate wealth.

Longer Offering Periods

While 57% of companies still use a six-month offering period, there has been a notable increase in the use of 24-month offering periods, now at 13%, up from 8% in 2020. Longer offering periods can be advantageous during periods of rising stock prices, allowing employees to purchase shares at a lower price for an extended time.

These trends underscore the growing value and appeal of ESPPs as part of an organization's compensation and rewards strategy.

How Benny Empowers Employees to Maximize ESPP Benefits

Benny provides the funding and management services employees need to fully leverage their ESPP benefits without impacting their take-home pay. Here's how Benny can help you make the most of your ESPP:

Access to ESPP Funding

Benny allows employees to use Other People's Money (O.P.M.) to fund their ESPP purchases. This means you can maximize your contributions and potential returns without reducing your monthly paycheck.

Management

Benny takes care of everything from enrollment to managing your ESPP gains. This seamless process ensures you don't miss out on any opportunities and can focus on your work while Benny handles the complexities.

Increased Earnings

On average, Benny users gain an additional $3,000 annually through their ESPP. This extra income can be reinvested, saved, or used for personal expenses.

In the evolving landscape of ESPPs, having a partner like Benny can make all the difference. Here are a few reasons why Benny stands out:

• Expertise: Benny's team of experts ensures that you get the best possible advice and management for your ESPP, helping you maximize your benefits.

• Convenience: With Benny handling the details, you can enjoy the benefits of your ESPP without the hassle of managing it yourself.

Conclusion

The growing generosity of ESPPs offers exciting opportunities for employees to build wealth and align their financial success with their company's performance. By partnering with Benny, you can maximize these benefits without affecting your take-home pay. With trends indicating more generous discounts, lookback features, and longer offering periods, now is the perfect time to take full advantage of your ESPP with the help of Benny.

To learn more about how Benny can help you maximize your ESPP benefits, visit join.heybenny.com.

Make More Money From Your Employee Stock Purchase Plan

Benny provides the funding and management you need to maximize your ESPP without affecting your take-home pay. Join the hundreds of employees who are gaining, on average, an extra $3,000 annually through their ESPP with Benny.

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Sources:

Kopp, G. (2023). Are Employee Stock Purchase Plans becoming more generous? National Association of Stock Plan Professionals (NASPP) and Deloitte Tax LLP.