FINANCIAL WELLBEING BENEFITS
401(k)
Employees may contribute to HL’s 401(k) Retirement Plan after completing 90 days of service.
- Eligible Employees: Permanent employees who work 1,000 hours or more a year may participate in the Retirement Plan.
- Automatic Enrollment: Once employees have completed their 90 days, if they have not made their contribution and investment election, Principal will automatically enroll them at a 6% deferral rate and select a Vanguard Target Dated Fund.
- Annual Auto-escalation: Each year thereafter, on April 1st, your individual deferral will be increased by 1% unless you turn off auto escalation or it maxes out at 10%.
Hamilton Lane Profit Sharing
At your time of enrollment, Hamilton Lane will begin to contribute 3% of your compensation up to the annual IRS plan limits.
You are eligible for this discretionary contribution regardless of whether you contribute to your 401(k) plan. The money Hamilton Lane contributes per payroll to your account becomes yours according to the vesting schedule below.
Hamilton Lane Employee Stock Purchase Plan
The Hamilton Lane Employee Stock Purchase Plan (ESPP), administered by Morgan Stanley, is a voluntary benefit program that allows you to buy shares of HL stock at a 15% discount with funds you contribute through after-tax payroll deductions, allowing you to participate in the financial performance of the company. Contributions can be between 1% and 50% of your base salary. Employees can participate and join at any time prior to the first date of the quarterly offering period.
Email benefits@hamiltonlane.com for questions about your plan.
Student Loan Contribution and Refinancing Programs
SoFi Student Loan Contribution Program
Student loan debt can cause stress for employees so we’ve teamed up with SoFi to help. For those who graduated within the last 5 years, HL will contribute $125 per month directed toward the principal balance of your student loan. To participate, ensure your education information is updated in Workday and contact the Benefits team benefits@hamiltonlane.com.
SoFi Student Loan Refinancing Program
HL also partners with SoFi to help our employees better manage student debt through their refinancing program. SoFi may be able to save you thousands of dollars by refinancing federal and/or student loans at low rates. Note this program is separate and not contingent on the Repayment Program.
