🗓️ Upcoming safe harbor deadline: September 16, 2024 A safe harbor 401(k) is a type of retirement plan that allows employers to maximize contributions while bypassing certain annual compliance testing. They enable businesses to attract and retain top talent, simplify plan administration, and receive some great tax advantages. If you want to launch a safe harbor 401(k) for your business this year, reach out to [email protected] to learn more and get your plan in motion.
Vestwell
Financial Services
Vestwell is the modern fintech engine powering savings and investment programs for small businesses and individuals.
About us
Vestwell is the modern fintech engine powering savings and investment programs for businesses and individual savers across the country. We’re helping to close the savings gap by offering flexible, cost-effective, modern solutions to save for the critical aspects of life - retirement, education, and healthcare. Vestwell currently powers more than 50,000 businesses, over a million savers, and $30 billion in assets in all 50 states. To learn more visit vestwell.com. Vestwell Advisors LLC is a subsidiary of Vestwell Holdings, Inc. Vestwell Advisors LLC is an investment advisor registered with the Securities and Exchange Commission and can provide investment management services for qualified retirement plans using the Vestwell platform. For more information about Vestwell, Vestwell Advisors, and our other services, learn more at www.vestwell.com.
- Website
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http://vestwell.com/
External link for Vestwell
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- New York
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Financial Services, 401(k), 403(b), IRA rollovers, Retirement Planning, Financial Advisors, Defined Contribution Plan, student loans, and ESAs
Locations
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Primary
1410 Broadway
23rd Floor
New York, 10018, US
Employees at Vestwell
Updates
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RetireReady NJ has officially launched! 🎉 Powered by Vestwell, the new auto-IRA program will provide access to New Jersey employees without a retirement savings plan. “We are excited to see New Jersey launch its much-anticipated retirement savings program this summer,” said Douglas Magnolia, President of Vestwell State Savings. “As Vestwell powers the RetireReady NJ program, we are thrilled to partner with New Jersey and help expand access to retirement savings for private sector workers in the Garden State.” Learn more about the RetireReady NJ program, which provides the necessary tools for individuals across all backgrounds and income levels to save for their futures: https://lnkd.in/gWsXCsNT
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Vestwell has been awarded as one of the World’s Top FinTech Companies 2024 by CNBC! 🏆 The prestigious award highlights companies that offer cutting-edge, technology-driven financial products and services. “We are honored to receive this global recognition from CNBC,” said Aaron Schumm, founder and CEO of Vestwell. “To have Vestwell awarded one of the world’s top fintech companies is a testament to our substantial impact on the savings industry. Our leading technology and premier partnerships allow us to expand access to critical savings unlike ever before.” We look forward to continuing to expand access to savings across the country. Whether for retirement, education, emergencies, or health expenses, we believe every individual deserves the tools they need to prepare for their future. Learn more about the award and Vestwell’s recognition: https://lnkd.in/g3yBDmwQ
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Benetech Inc. is a Third-Party Administrator (TPA) firm that focuses on plan design and administration to bring high-quality, reliable administrative service to businesses across the country. As partners of the Vestwell Flex program, Benetech delivers a streamlined client experience for businesses looking for bespoke retirement plans. “From the beginning of our discussions to become a Flex partner, it was clear that Vestwell is committed to having a collaborative relationship with their TPA partners,” said Phil Dabney, Vice President of Sales and Marketing at Benetech. Learn how Benetech utilizes Vestwell’s Flex Program to leverage a consolidated pricing model, extensive payroll integrations, and open communication to offer their clients a quality experience: https://lnkd.in/gT2xQfZ3
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Many retirement plan options exist for businesses to help their employees save for their futures. Today, we highlight SIMPLE 401(k)s—retirement savings plans designed for businesses with 100 or fewer employees. The SIMPLE 401(k) offers several benefits to employers: ✅ Streamlined retirement benefits for smaller businesses ✅ They are not subject to the non-discrimination rules that apply to traditional 401(k) plans ✅ They have a straightforward benefit formula In a recent Nasdaq article, our team of experts dive into SIMPLE 401(k)s, their unique advantages, and how to choose the right fit for your business. Learn more: https://lnkd.in/g-3NAfKh
What’s the Difference Between a 401(k) and a SIMPLE 401(k) Retirement Plan?
nasdaq.com
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Congratulations to Vestwell’s General Counsel & Chief Compliance Officer, Allison Brecher CIPP/US, for being honored as one of Attorney Intel's Top 25 General Counsels in Financial Services for 2024! 🏆 This award highlights General Counsels who have distinguished themselves in the realm of financial services. We are thrilled to see Allison recognized for her legal acumen and strategic foresight. https://lnkd.in/g5UiAxts
The Top 25 General Counsels in Financial Services of 2024
https://attorneyintel.com
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Vestwell’s recent webinar discussed how advisors can scale their practice by expanding their offerings and bringing financial wellness to the workplace. The demand for workplace benefits is shifting beyond just retirement plans—from education to health and emergencies, long and short-term financial wellness is a priority for employees—and it presents an opportunity for advisors. “Offering holistic benefits is a great opportunity for you and your business. It means bringing in assets through emergency savings, or helping protect assets through things like the SECURE 2.0 student loan match, which enables people to save who probably couldn’t,” said Vestwell’s Head of Workplace Sales & Distribution, Joshua Forstater. “And there’s nothing that makes HR happier than if you’re the advisor who helped create better outcomes for your clients.” Learn how holistic financial wellness is evolving in the workplace and how advisors can leverage new employee demands to scale their practice in AdvisorNews' recent article: https://lnkd.in/g9KBCS5C
Retirement plan advisors can use holistic solutions to grow their business
https://insurancenewsnet.com
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We are thrilled for our partners at Netchex for launching their new 401(k) platform! Powered by Vestwell, this solution is designed to streamline retirement savings administration for employers. The platform will enable businesses to offer valuable employee benefits at a competitive cost with minimal administrative effort. “There’s never been a better time for employers to implement or expand their benefits packages. We’re proud to be the preferred partner behind Netchex’s 401(k) solution and offer a seamless, modern solution for businesses of all sizes,” said Aaron Schumm, Vestwell’s founder and CEO. Learn more about our partnership with Netchex: https://lnkd.in/gPB7mqhK
Netchex Launches 401k Solution to Make it Easy to Offer Retirement Benefits
prweb.com
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Congratulations to the state of Delaware on launching the EARNS program! Beginning today, employer registration opens for the state’s new auto-IRA saving program, which will give private sector employees across the state a chance to save for retirement. Vestwell is proud to power Delaware’s program, bringing us one step closer to our mission of closing the nation’s savings gap. “The Delaware EARNS pilot program gained early momentum during the spring. We anticipate the success of this program to continue now that it is available to all eligible Delaware businesses,” said Douglas Magnolia, Vestwell’s President of State Savings. “As partners of Delaware EARNS, Vestwell values our shared commitment to expanding access to retirement savings and helping close the savings gap for workers in the First State.” Learn more about the Delaware EARNS program and launch: https://lnkd.in/gJ-8VtXV
Registration is Now Open for Delaware EARNS Retirement Benefit Program - State of Delaware News
https://news.delaware.gov