Vestwell modernizes retirement plans for businesses and their employees through a digital platform that simplifies the management and administration of these plans. For employers, Vestwell provides a streamlined system for setting up and overseeing retirement plans, which includes easy onboarding and vendor management, reducing administrative tasks. Employers can also choose fiduciary investment management services to limit their liability. For employees, the platform offers customizable investment options and flexible plan designs, allowing them to tailor their retirement savings to their needs. Vestwell's integrated approach combines all services from proposals to compliance under one roof, ensuring transparent pricing and clarity on costs. The company differentiates itself by leveraging technology to eliminate common challenges in retirement planning, with the goal of transforming how retirement plans are managed and offered.

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Fintech Collective

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Primary Venture Partners

Allianz Life Ventures

BNY Mellon

Franklin Templeton Investments

Point72 Ventures

Lightspeed Venture Partners

Fin Capital

Blue Owl Capital

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Nationwide

Northwestern Mutual

Manulife Financial

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Fintech

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BOSTON, Jan. 14, 2025 /PRNewswire/ - John Hancock Retirement, a company of Manulife Wealth & Asset Management, is pleased to announce FutureStep™, a new open-architecture retirement plan offering. As part of a multi-year transformation strategy to expand its capabilities and in keeping with its steadfast commitment to financial intermediaries, including third-party administrators (TPAs), retirement advisors, and sponsors, the firm has signed an agreement with Vestwell to bring this new solution to market.FutureStep will be an addition to the firm's existing plan suite, advisor-centric, and a fully digital new plan option designed with the support and experience of John Hancock Retirement.Vestwell's technology powers FutureStep by John Hancock Retirement, which will be available in early 2025. This offering is designed to help advisors scale their practices while providing a simple, modern interface for seamless interactions across the advisor, employer, and saver portals.TPAs, retirement advisors, and sponsors will see competitive pricing and opportunity for enhanced employer engagement and experience high-touch service within the new offering. They'll also receive support for personalized onboarding, ongoing administration and maintenance, robust payroll integration options, and assistance in navigating complex legislation."This is an exciting time for us, and we could not be more pleased to partner with Vestwell to help bring retirement planning to more employers who are helping their employees prioritize retirement," said Wayne Park, CEO, John Hancock Retirement. "As a multiplatform provider, we've added FutureStep so we can continue to expand the number of plans and participants that we serve, as a complement to our existing plan options.""We're focused on being the partner of choice for our distribution partners, TPAs, and plan sponsors by helping to make retirement planning easier and more effective," said Gary Tankersley, Head of the Core Segment, John Hancock Retirement

John Hancock Retirement Announces Partnership With Vestwell, Launching Futurestep™ To Expand Plan Offering

As part of a multi-year transformation strategy to expand its capabilities and in keeping with its commitment to financial intermediaries, including third-party administrators (TPAs), retirement advisors, and plan sponsors, John Hancock Retirement, a Boston-based company of Manulife Wealth & Asset Management, signed the agreement with New York City-based fintech Vestwell to bring this new solution to market.

John Hancock Retirement, Vestwell Partner on 'FutureStep' Launch

Vestwell is partnering with TIAA to launch a lifetime income solution on its platform in 2025.

Vestwell and TIAA Introduce Lifetime Income Offering

NEW YORK, Sept. 4, 2024 /PRNewswire-PRWeb/ - Vestwell, a leading holistic savings platform, announced today a partnership with TIAA to help improve retirement savings and retirement outcomes for smaller employers.

Vestwell Announces Strategic Partnership with TIAA to Expand Access to Guaranteed Retirement Income

"We are thrilled to unveil Netchex 401k in partnership with Vestwell, a solution specifically designed to remove the barriers that prevent businesses from offering a retirement savings benefit." -- Will Boudreaux, Netchex CEO Post thisDespite all these benefits, setting up and managing 401k plans can be complicated and overwhelming due to complex regulations and tasks like enrollment, contribution calculations, and ongoing administration. Netchex 401k simplifies this process, allowing businesses to easily offer retirement savings plans that help attract and retain top talent.The benefits of Netchex 401k include:Easy Setup: Streamlined process minimizes time and resources needed to set up and manage the plan.Fully Integrated: Easily manage corporate Match Policies, Safe Harbor, and Fund Vehicle Selections all while minimizing the downstream impacts of audits and fines and reducing administrative workload for HR teams.Manage in One Place: Manage your 401k plan alongside other HR functions within the Netchex platform, creating a unified user experience for both employers and employees.plan alongside other HR functions within the Netchex platform, creating a unified user experience for both employers and employees. Employee Self-Service: Employeesmanage everything within the Netchex application available on the web and mobile.Netchex CEO, Will Boudreaux, emphasized the importance of simplifying retirement savings, "We are thrilled to unveil Netchex 401k in partnership with Vestwell, a solution specifically designed to remove the barriers that prevent businesses from offering a retirement savings benefit.""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 401k solution and offer a seamless, modern solution for businesses of all sizes," Vestwell CEO, Aaron Schumm, echoed the enthusiasm for the collaboration. "Our platform is the only one to offer an end-to-end spectrum of other workplace savings solutions, like managed accounts, student loan matching and paydown services, ABLE benefits, and emergency savings accounts that can be easily integrated with a 401k plan offering."Abhinav Agrawal, Chief Product & Technology Officer at Netchex, added, "Netchex 401k just works out of the box and employees can easily access account information, check balances, manage contributions, and make investment decisions with a single sign on experience."Netchex 401k helps businesses attract and retain top talent with a competitive employee benefit. It reduces administrative burdens through automated features and streamlined processes, and it improves employee satisfaction with a user-friendly platform for managing retirement savings.Visit https://netchex.com/401k for more information

Netchex Launches 401K Solution To Make It Easy To Offer Retirement Benefits

One company oversees 75 percent of the relatively small but growing state automatic IRA market, which now represents more than $1.3 billion.This week, record-keeping company Ascensus disclosed that its assets under administration had reached $1 billion across the two state programs it administers: CalSavers and Illinois Secure Choice. At $821 million as of February, CalSavers is by far the largest such program, followed by OregonSaves at $261 million, according to data from the Center for Retirement Initiatives at Georgetown University. Since the first program, OregonSaves, launched as a pilot in 2017, the number of accounts has reached nearly 850,000 across the six auto-IRAs that are up and running. Last year, about half of all US states explored adding such programs, and three, in Minnesota, Nevada, and Vermont, were enacted. Most recently, an auto-IRA for Washington state was signed into law at the end of March. In total, 16 states have programs that are in some stage of development, if not already live, according to Georgetown CRI

Ascensus Hits $1B Mark In State Auto-Iras

Investment advisory firm enhances its wealth management capabilitiesNEW YORK and LINCOLN, Neb., April 4, 2024 /PRNewswire/ -- Pontera , the fintech company helping retirement savers receive 401(k) account management from their trusted financial advisor, and Ameritas Advisory Services, LLC, an investment adviser and wholly owned subsidiary of Ameritas , have announced the launch of their business relationship."We're always looking to bolster our offerings, meet our clients' evolving needs and deliver a better experience." Post this Ameritas selects Pontera to enhance its wealth management capabilities.Ameritas selected Pontera to help enable its financial professionals to securely manage their clients' 401(k)s, 403(b)s, 457(b)s and other workplace retirement accounts by using the platform. Financial professionals can also proactively monitor and rebalance plan accounts in keeping with a comprehensive investment plan.Ameritas offers financial professionals freedom and flexibility through multiple affiliation models and custody options. Likewise, working with Pontera gives its financial professionals more choice in the technology they can use to help deliver available options to clients."We're always looking to bolster our offerings, meet our clients' evolving needs and deliver a better experience," said Brandon Mann , President, Ameritas Investment Company, LLC, and Ameritas Advisory Services, LLC. "With the addition of the Pontera platform, our financial professionals can provide holistic, personalized investment advice powered by greater visibility into their clients' 401(k)s and other workplace-sponsored plans."As inflation and an uncertain economy impact their retirement outlook, Americans are increasingly concerned about retirement security, according to recent market research. At the same time, there is rising demand for customized retirement-planning guidance."We're excited to have Ameritas join Pontera's mission to help more retirement savers achieve better outcomes by getting professional guidance on their 401(k)s," said Peter Nolan , Vice President, Enterprise, Pontera. "When financial professionals are equipped with clear insight across all their holdings, including workplace-sponsored accounts, retirement savers may be more confident in their financial future."Pontera helps Americans get professional 401(k) management from their financial professional through its secure, client-permissioned platform

Ameritas Now Works With Pontera To Offer 401(K) Management As Part Of Holistic Financial Planning For Clients

Alera Group is partnering with Vestwell to launch a workplace retirement plan solution designed for organizations with fewer than 100 employees.

Corporate Roundup: Alera Group, Vestwell Partnership, Equitable Leadership Appointments

NEW YORK, Feb. 12, 2024 /PRNewswire-PRWeb/ - Vestwell, the leading employer and individual savings platform, released its annual Savings Industry Report today.

Vestwell Survey Uncovers Increased Demand for Workplace Financial Wellness Benefits

Vestwell raised a $125 million Series D led by Lightspeed for its savings and investment platform.

Global VC deals for January 3, 2024

Digital platform for modern retirement plans

Vestwell

Digital platform for modern retirement plans

Vestwell

Digital platform for modern retirement plans

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