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Holiday Savings Plan
Our holiday savings account allows you to save a fixed amount each pay period from your paycheck. This money is paid back to you during November, just in time for holiday shopping.
You can pause or cancel deductions, or request an early distribution at any time. Even better: this benefit costs nothing to you or your employer!
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Holiday Savings Features
- There's no cost to participate.
- One-time enrollment; your plan autorenews each year.
- Easily manage your Holiday Savings plan in your Elevate by Nextep™ account or mobile app
- Cancel deductions at any time.
- Payouts occur each year in November. You can request an early distribution for a small fee.
- Change your deduction amount as often as you want.
Here's a quick overview:
How the Holiday Savings Plan Works
SIGN UP ONLINE
Log in to your Elevate by Nextep™ account or mobile app. Click or tap Pay, then scroll to the Holiday Savings card.
CHOOSE YOUR DEDUCTION
Decide how much money you'd like to save and calculate your deduction from each paycheck. Deductions continue year-round.
HOLD, CHANGE, OR CANCEL ANY TIME
Log into your account to change your deduction amount (including to $0) at any time.
PAYOUTS ARE IN NOVEMBER
Your balance is paid to you each November. Once your funds are distributed, your account resets to $0 and deductions automatically continue. No need to re-enroll!
Get More Perks!
The Holiday Savings plan is just one of the many free perks you get, just for your company's partnership with Nextep. Check out some of the other things available to you at no cost, such as discounts, our employee assistance program, and more!
Answers To Your Questions
How much does the Holiday Savings program cost?
Holiday Savings is FREE both to you and your employer.
The only time you will incur a cost is if you request an early payout distribution.
How do I get an early payout?
Contact your Payroll Specialist at Nextep for an early payout of your saved funds. There will be a service fee for early distribution. Funds will be included with your first pay period following 10 days after receiving the request.
Your Holiday Savings account will be closed upon early distribution. To begin deductions again, simply sign up again in your Elevate by Nextep™ account or mobile app.
What if my employment ends?
If your employment ends, Nextep will process your full account balance to be paid to you 10 business days after your termination date, assuming we receive your termination info timely.
There is no service fee for early distribution due to termination of employment.
How do I pause deductions?
Pausing deductions is easy! Simply log into your Elevate by Nextep™ account or mobile app and change your deduction amount to $0.
Your savings payout will still occur on the regular payout period in November, but deductions won't begin again until you change the amount in your account. You can change your dollar amount to resume deductions again at any time.
Elevate by Nextep™ app = easy street!
Manage your benefits anytime, anywhere, on any device.
- Visit benefit carriers with one simple sign-in
- Complete open enrollment
- View and present insurance cards at the doctor's office
Download it today to manage benefits on the go, right from your phone!
Quick Links: Nextep Benefit Plans
If the terms of this plan overview and the policy differ, the policy will govern. ⇧ Back to top
Nextep Health Assist is ready to help!
Need help navigating benefits or finding a provider? Our experts are a click away.
Call us at 888-811-5150, chat with us in your Elevate by Nextep™ account, or click the button below to get in touch.