Home Savings Plan
The homeownership benefit built for payroll.
A payroll-deducted savings account for buying a home that helps employees turn every paycheck into a down payment.
Home Savings Plan
A payroll-deducted savings account for buying a home that helps employees turn every paycheck into a down payment.
Saving
Employees pick an amount. Employers and family can add money too.
Setup
Employers offer it through the payroll and benefits administration systems they already use.
Operations
Six Pillar handles onboarding, administration, compliance and support.
Education
Guidance on credit, saving and the buying process, made for people saving for a home.
Why it matters
Rent goes up. Savings get spent. A Home Savings Plan (HSP) is a separate account that fills from every paycheck, with optional help from family and the employer. It changes how fast people get there.
81%
of aspiring homeowners say the down payment is in their way¹
4%
of employers offer a housing benefit²
1. Bankrate, 2025. 2. Lance Surety employer survey, 2025.
With HSP
$20,000 goal in 30 months
Illustration. $250 per paycheck every two weeks, $100 a month from family and a $500 employer starter deposit, compared with saving $200 a month alone.
Parents, grandparents and friends can add gifts to the account.
LR
Mom
So proud of you
+$200
JM
Grandpa James
For your first front door
+$500
SM
Aunt Sofia
Happy birthday!
+$100
A starter deposit, an amount each pay period, or no contribution.
No contribution
$0
Starter deposit
$500
Every pay period
$25
Ways to deliver
Whether you're a payroll platform, a benefits administration platform, a PEO, an advisor or an employer, there's a way to offer the Home Savings Plan that fits how you already work.
Integrated
For payroll, benefits administration and PEO partners. Offer your clients a homeownership benefit without adding support work. You own the relationship. We power the benefit.
Advisory
For brokers and benefits advisors. A one-of-a-kind financial wellness offering specifically built around homeownership.
Turnkey
For employers, a homeownership and financial education benefit that helps you hire and keep people. You offer the benefit. We handle the rest.
How it fits
Partners keep the client. Employers keep control of the benefit. Six Pillar runs the service in between.
Partner
Offers the plan to its employer clients and owns the relationship.
Six Pillar
Enrollment, servicing, support and compliance, with deposits held at our sponsor bank, Member FDIC.
Employer
Picks a contribution level. Employees enroll, save each paycheck and invite family.
Employees get homebuying education at every step, from the first deposit to closing day.
01
The employee picks an amount per paycheck and can change it at any time.
02
Deposits land in their FDIC-insured account at our sponsor bank.
03
Employer deposits and family gifts post to the same account.
04
The employee sees balance, pace and target date.
05
Funds go to the down payment and closing costs.
Tax treatment
Employees save from after-tax pay today. A bill in Congress, the Home Savings Plan Act, would let them save before tax, the way they already do in a 401(k). If it passes, eligible accounts already open switch over automatically.
The Home Savings Plan Act has not become law and its terms may change.
Now
Family gifts and employer deposits go into the same account.
Next
No re-enrollment and no new account for employees.
Bring Home Savings Plans to your platform or workforce.
For employers
We'll show you how the plan fits your payroll and help you launch it to your team.
For partners
Payroll and benefits administration platforms, PEOs and advisors can talk to our partnerships team about bringing the plan to their clients.
