The launch follows on the heels of the state's passage of new Portable Benefit Plan legislation (SB-233)SAN FRANCISCO, April 10, 2024 /PRNewswire/ -- Today Stride , the pioneer in portable benefits technology, announced the launch of its Stride Contributions program in Utah. This follows the state's passage of new Portable Benefit Plan legislation (SB-233) that created opportunities for companies to extend more benefits to 1099 workers.In conjunction with the announcement, Utah State Senator John D. Johnson issued the following statement: "Utah S.B. 233 "Portable Benefit Plan,' a bill I ran in 2023, establishes a portable program that empowers Utah's independent workforce with the flexibility and freedom to pursue their career goals while still enjoying a key benefit of traditional employment. I am excited that Stride is announcing a framework to operationalize this innovative state law.""From gig employees to traditional entrepreneurs, Utah workers and companies will have newfound flexibility with this portable benefits tool," said Utah Governor Spencer Cox. "I'm pleased that Utah will be the first state in the nation to implement this inventive legislative approach to employee benefits."On the heels of launching in Pennsylvania last week , Stride also announced today that it has signed the first Utah workforce client to use the Stride's Contributions program, set to launch in Utah this month.The first-of-its-kind program enables companies with independent workers to make contributions into an individual's portable benefits savings account, which individuals can then apply to health or other insurance coverage as well as financial benefits like emergency savings, time-off, sick leave, or long-term savings

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DoorDash is the first to pilot Portable Benefits Savings Program For Dashers in PennsylvaniaSAN FRANCISCO, April 3, 2024 /PRNewswire/ -- Today Stride , the pioneer in portable benefits technology, announced the launch of its Stride Contributions program alongside the program's first client DoorDash. The first-of-its-kind program enables companies with independent workers to make contributions into an individual's portable benefits savings account, which the worker can then apply to health or other insurance coverage as well as financial benefits like emergency savings, time-off, sick leave, or long-term savings. Stride's platform now solves for the top three benefit needs of independent workers: health coverage, tax support and savings — with the added support of contributions from companies."DoorDash's new pilot program for Pennsylvania Dashers is a positive step forward, as it can give Pennsylvania workers greater access to benefits," said Governor Josh Shapiro of Pennsylvania. "My Administration looks forward to seeing the results of this program, and we will continue working to protect and expand the rights of all workers in Pennsylvania."The new Stride Contributions program is designed to help companies provide tailored benefits programs to independent contractors in a variety of regulatory environments, while putting the power in the hands of individual workers to allocate those funds towards their own unique set of benefits. DoorDash is the first company to use Stride Contributions, and the program is built to serve the needs of workers who also work on multiple platforms.Stride also introduced Stride Save*, available exclusively through workforce partners, expanding Stride's benefits suite to now include savings-related benefits, in addition to supporting this burgeoning workforce's most complex insurance and tax needs. Stride Save acts as an individual benefits account that any company or individual can contribute to, offering personalized financial guidance to help workers allocate those contributions across savings and insurance benefits.Story continues"Along with our long-term partner DoorDash and Pennsylvania Governor Shapiro, we've delivered a breakthrough moment for independent workers," said Noah Lang, CEO and co-founder of Stride