FlexFund in action
The flexibility doesn’t stop there. Crew can choose to spend the entire amount on one category or across many. These expenses that one chooses can change over time as each crew’s lives change. Even the payment process makes it easy for crew with three flexible ways to pay; digital card, hard card, or reimbursement from a personal card via a modern app.
This forward-thinking offer first started in the tech industry, and Vanguard is one of the first financial institutions to adopt it. Because FlexFund is meant to be responsive to crew needs, the benefits team regularly collects crew feedback about their experience and the kinds of options they would like to see. The list of eligible expenses will change over time based on the feedback and trends.
As for the feedback received thus far, here is what some crew had to say about the FlexFund:
Recently found a wash/dry/fold company in our area, and it has been a gamechanger for my mental health and our household! I despise laundry and used to spend a day of our precious weekend family time doing it and other household chores. I’m thankful to get that time back to spend with my little ones! – Adrienne F.
What a great and absolutely flexible way for Vanguard to provide the crew with those little pleasures that help us all from a physical and mental wellness point of view. – Louise K.
Really excited about this one — I love how diverse and practical the options are! Relevant to a range of life circumstances (relationship or parenting statuses too) and more. Feels so useful in making a felt difference in life’s day-to-day. – Rebecca H.