As a tax-rated nonprofit employer you pay a state unemployment tax on each employee. That tax goes into your state’s unemployment system to pay for unemployment claims across the state and including for-profit businesses with significant turnover.
As a qualifying 501c3 nonprofit, you can opt out of your state system and reimburse the state for your employee claims dollar-for-dollar.
By joining UST Trust, you can save money for your anticipated unemployment costs in a reserve account that your organization owns as a financial asset.
We’ll walk you through the process—assisting with state documentation, signing enrollment documents and will work with you and an actuary to determine an appropriate deposit schedule to meet your anticipated needs.
Yes. Many organizations that are reimbursing employers choose UST Support, a suite of workforce solutions to help manage your unemployment claims and cash flow. Through expert claims management, UST helps organizations save money by mitigating improper claims and auditing charges from the state to find inaccuracies and overpayments. It includes HR Workplace and Outplacement Services to add impact to your job offers and severance package.
A qualifying nonprofit can save up to 60% in the first two years as a reimbursing employer versus paying their state unemployment tax for each employee. Historically, members continue to save tens of thousands over the long-term. To learn how much you could save, request more information here.
One of UST’s goals is to minimize member’s cash flow volatility due to unemployment fluctuations. Unlike some trusts, members are permitted to temporarily carry a deficit reserve balance—subject to a cap based on the size of the organization’s payroll—and repay that deficit within the following year.
For some organizations it makes better financial sense to remain in their state’s tax system and they come to UST looking for ways to streamline workflows and build in efficiencies as they grow. UST Workforce Solutions are still available at pricing that makes sense for nonprofits.
UST Trust is a grantor trust owned by member nonprofits. The Trust is run by a senior management team and Board of Trustees. Each nonprofit employer owns their own reserve balance as a financial asset.
There is no overarching parent corporation for UST with an interest in generating a profit. Service providers are contracted and overseen by the Board of Trustees, allowing UST to maintain the lowest administrative fees in the industry.
UST is governed by a Board of Trustees elected by participating member organizations. Trustees serve staggered three-year terms and oversee the efficient operation of UST.
Each Trustee has extensive experience in nonprofit management and finance, and must work for a nonprofit that is already a Trust member. The Executive Director manages the relationships between UST and its service providers to ensure that they are meeting both contractual obligations and Trustee requirements. UST Leadership
Historically, UST Trust is financially sound. With over 40 years’ of experience, we have never had to assess our members or borrow to meet claims obligations.
UST’s assets are invested to preserve participants’ capital. Its conservative investment portfolio includes a ratio of stocks, bonds, and alternatives that are safely positioned to provide investment income. Over the last 10 years, investment gains have routinely offset program participation costs for more than half of our members.
Our actuary reviews member reserves quarterly to identify funds that can be returned to the organization. You can get an experience refund or allow the asset to continue to grow.
Participants can terminate their membership with UST at any time and any assets less expenses in your reserve balance at the completion of the trust audit will be returned to you. It’s important to note that most states require a nonprofit to remain a reimbursing employer for two years before it can return to the state UI system.
UST maintains a secure site. This means that information we obtain from you in the process of enrolling is protected and cannot be viewed by others. Information about your agency is provided to our various service providers once you enroll in UST for the purpose of providing you with the best possible service. Your information will never be sold or rented to other entities that are not affiliated with UST. Agencies that are actively enrolled in UST are listed for review by other agencies, UST’s sponsors and potential participants, but no information specific to your agency can be reviewed by anyone not affiliated with UST and not otherwise engaged in providing services to you except as required by law or valid legal process.
Your use of this site and the provision of basic information constitute your consent for UST to use the information supplied.
UST may collect generic information about overall website traffic, and use other analytical information and tools to help us improve our website and provide the best possible information and service. As you browse UST’s website, cookies may also be placed on your computer so that we can better understand what information our visitors are most interested in, and to help direct you to other relevant information. These cookies do not collect personal information such as your name, email, postal address or phone number. To opt out of some of these cookies, click here. If you are a Twitter user, and prefer not to have Twitter ad content tailored to you, learn more here.
Further, our website may contain links to other sites. Anytime you connect to another website, their respective privacy policy will apply and UST is not responsible for the privacy practices of others.
This Privacy Policy and the Terms of Use for our site is subject to change.
UST maintains a secure site. This means that information we obtain from you in the process of enrolling is protected and cannot be viewed by others. Information about your agency is provided to our various service providers once you enroll in UST for the purpose of providing you with the best possible service. Your information will never be sold or rented to other entities that are not affiliated with UST. Agencies that are actively enrolled in UST are listed for review by other agencies, UST’s sponsors and potential participants, but no information specific to your agency can be reviewed by anyone not affiliated with UST and not otherwise engaged in providing services to you except as required by law or valid legal process.
Your use of this site and the provision of basic information constitute your consent for UST to use the information supplied.
UST may collect generic information about overall website traffic, and use other analytical information and tools to help us improve our website and provide the best possible information and service. As you browse UST’s website, cookies may also be placed on your computer so that we can better understand what information our visitors are most interested in, and to help direct you to other relevant information. These cookies do not collect personal information such as your name, email, postal address or phone number. To opt out of some of these cookies, click here. If you are a Twitter user, and prefer not to have Twitter ad content tailored to you, learn more here.
Further, our website may contain links to other sites. Anytime you connect to another website, their respective privacy policy will apply and UST is not responsible for the privacy practices of others.
This Privacy Policy and the Terms of Use for our site is subject to change.
