What do state unemployment taxes (SUTA) and claims overpayment rates mean to your nonprofit?
These factors could mean less money for your nonprofit organization’s cause.
$178 Average State Unemployment Tax Cost Per Employee
On average, employers pay $178 per employee in SUTA into New Hampshire Employment Security’s reserve accounts participating in the state’s unemployment tax pool is non-refundable and owned by the state.
$4.8 Million Unemployment Claim Overpayments
New Hampshire’s April 2014 – March 2015 unemployment claim overpayment rate was 6.901% equaling over $4.8 million
There are options to financing your nonprofit organization’s state unemployment costs
First Nonprofit Group provides state compliant, individually insured, cost-saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities. Below is a sample savings analysis of one of our members since 2005.
We provide more than 1,800 organizations around the country with unemployment insurance at affordable rates. Click here or call 1-(800) 526-4352 to request a free, no-obligation cost saving evaluation. Evaluations include a 2017 rate projection!
