FINANCIAL WELLBEING BENEFITS
Hamilton Lane offers additional programs to help employees improve and maintain their financial wellbeing.
401(k)
Eligible employees* automatically enroll in Hamilton Lane's 401(k) plan administered through Principal. Employees have access to a traditional 401(k) plan and a Roth 401(k) plan. Subject to eligibility guidelines, after 3 months of employment you will be automatically enrolled with a six percent (6%) deferral rate in the traditional plan unless you "Opt Out" or complete the enrollment process by selecting the deferral rate of your choice. 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%.
*Please note that 401(k) participation subject to plan eligibility guidelines. Employees who work more than 1,000 hours per year may be eligible to participate.
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 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. Employees can enroll in the ESPP at any time. Once enrolled, you are always enrolled as your elections carry over until you notify of a change. Visit The Total Rewards Sharepoint page for more information.
Hamilton Student Loan Contribution and Refinancing Programs
SoFi Student Loan Contribution Program
Student loan debt can cause stress for employees at home and work. That's why Hamilton Lane has teamed up with SoFi to help you lower student loan debt with direct payment contributions from Hamilton Lane to your student loans. Hamilton Lane will contribute $125/month directed toward the principal balance of your eligible student loan, helping you pay down your loan faster and save money over time. Contact Benefits for more information.
SoFi Student Loan Refinancing Program
Hamilton Lane also partners with SoFi for 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. Visit https://www.SoFi.com/HamiltonLane for more information. Note this program is separate and not contingent on the Repayment Program.
Identity Theft Protection
Allstate Identity Protection - formerly known as InfoArmor - utilizes a proactive monitoring service to alert you at the first sign of fraud and fully restores your identity.
The service includes:
- Dark web monitoring
- Financial Transaction Monitoring
- Data breach notifications
- And more
Please note that this is a voluntary benefit paid for by the employee if enrolled.
