Vestwell to Transition Saveday Retirement Clients

Vestwell has entered into an agreement to convert the block of retirement plan clients from Saveday, a modern 401(k) provider, onto the Vestwell chassis. 

Employers in professional services, hospitality, wellness, and manufacturing will gain access to Vestwell’s integrated suite of workplace savings solutions.

“The savings industry at large, and the retirement industry in particular, is growing at an unprecedented pace. Business owners today require technology and flexibility that meet the needs of a modern workforce,” said Aaron Schumm, founder and CEO of Vestwell. “By converting Saveday retirement plan clients, we’re extending that vision—delivering a retirement savings experience that brings greater simplicity, scale, and innovation to core industries across the country.” 

The management and administration of Saveday’s Defined Contribution Plans, including 401(k) and Solo(k) plans, will migrate to Vestwell’s platform. The plans will be converted to Vestwell’s proprietary technology solution.  

“As a retirement plan provider, our priority has always been delivering the best possible experience for our clients. In Vestwell, we found a partner whose technology, service, and vision align with that commitment,” said Albert Swantner, CTO of Saveday. “We’re confident our clients will benefit from a seamless transition and enjoy an even more robust savings experience as part of the Vestwell community.” 

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