Vestwell

🗓️ Advisors: Join us for a webinar with practical tips and strategies for safe harbor 401(k) plans! Kevin Gaston, CPC, QPA, QKC, QKA, TGPC, Vestwell’s Director of Plan Design, will discuss the key benefits of safe harbor plans, including simplified administration, tax savings, accelerated savings, and attracting and retaining top talent. He will also dive into the details about compliance testing, employer matching contributions, maximum annual deferrals, and more. You’ll leave the session with actionable strategies that you can take back to your clients, whether they’re interested in starting a new plan or converting an existing one. Plus, this session is eligible for NAPA CE credit. When: Wednesday, July 24th | 12 pm ET RSVP: https://lnkd.in/gEA4rBSM

According to the 2024 Vestwell Savings Industry Report, 76% of employees feel stressed about their financial situation. As a result, many are seeking comprehensive financial benefits from their employer. From Emergency Savings Accounts (ESAs) to Health Savings Accounts (HSAs), employees seek ways to save at work beyond their retirement plan. In a competitive job market, offering a comprehensive benefits package can help businesses attract and retain talented employees. Learn more about the top savings programs requested by employees in our latest blog: https://lnkd.in/g8XFiMm7 

Thanks for joining us this week at Vestwell’s National Sales Meeting, Bonnie Treichel! As Founder and Chief Solutions Officer of Endeavor Retirement, Bonnie sat down with Vestwell’s VP of Sales, Christian Romano, to discuss the many exciting opportunities for financial professionals in workplace savings. Through new legislation like SECURE 2.0, emerging tax credits, and efficient partnerships, advisors can expand their client base and offerings. Advisors, catch Christian’s top tips for scaling your practice in the market ⬇️

Welcome to the team, new Vestwellers! 👋 We’re so excited to have you on board Diane Ruiz, Josh Halperin, Rhonda Brier, Pete Naquin, Kimberly Damore, Lauren Lason, and Evelyn S. #OneVestwell #WelcomeToTheTeam

🗓️ 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 sales@vestwell.com to learn more and get your plan in motion.

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 

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

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 

Happy 4th of July from the Vestwell team! 🇺🇸 Wishing our community a wonderful and safe holiday.

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