NEW YORK — Stream, the Workplace Finance benefit provider, announced a new collaboration with Albertsons Companies, Inc., a leading food and drug retailer in the United States, to provide its 280,000 employees access to a comprehensive suite of financial tools, including Earned Wage Access (EWA). This collaboration gives Albertsons Cos. employees, from store associates to senior leadership, access to Stream’s full product suite, including access to EWA, the ability to track and budget earnings, build savings with a favorable APY directly through payroll and learn from specialist financial education resources, giving them greater visibility over their day-to-day money management and long-term financial planning.
While many large retailers offer EWA, Albertsons Cos. is the first major U.S. supermarket chain to introduce a broad platform of Workplace Finance tools to its entire workforce through Stream. As employers compete to attract and retain frontline talent, Albertsons Cos.’ decision to introduce Stream reflects a broader evolution of financial wellbeing into a core component of employee benefits
Launched earlier this year, Stream services are already making a difference for Albertsons Cos. associates. Recent survey results of Albertsons Cos. associates that have signed up for Stream show:
- 87% feel more in control of their money
- 77% are less stressed about money
- 84% feel better at managing their finances
- 87% are happy Albertsons Cos. introduced Stream
Portman Wills, co-founder of Stream, said: “This is the stuff that doesn’t show up on a balance sheet – someone covering a car repair without panic, watching their savings grow for the first time, finally getting the support they were owed. A few months in, that’s what’s happening for thousands of Albertsons Cos. associates every week. That’s what good looks like, and Albertsons Cos. is setting the standard.”
Jennifer Weinstein, VP Benefits at Albertsons Companies, said: “Our associates are the driving force behind our organization and helping them thrive both in and out of work is our priority. We know that building financial resilience goes beyond just a paycheck, and we’re excited that so many of our associates are already using Stream’s tools to plan for their futures.”
