What does Vestwell do?

Vestwell is a financial technology company based in New York City, founded in 2016. It offers a cloud-based recordkeeping platform designed to support modern savings and investment programs for a variety of clients, including businesses, individual savers, financial advisors, and government agencies. The company aims to address the American savings crisis by providing affordable and scalable technology solutions that help close the significant savings gap in the U.S. Vestwell's platform supports a range of savings solutions, including Safe Harbor 401(k) plans, payroll-deducted IRAs, and state-sponsored retirement programs. It also offers education savings accounts, employer-sponsored student loan repayment options, and emergency savings accounts. The company has established partnerships with major financial institutions and payroll providers, enabling it to serve a wide array of clients across all 50 states. As of recent reports, Vestwell manages $27 billion in assets and has achieved significant growth, ranking on the Inc. 5000 list in 2022.