‘Vestwell Elite’ Pooled Employer Plan Debuts
New York City-based Vestwell this week announced it has launched “Vestwell Elite,” a next-generation pooled employer plan (PEP) designed to make it easier for businesses of all sizes to offer high-quality retirement benefits.
“Vestwell Elite embodies our broader mission to close the savings gap through technology, partnership, and innovation…”
Aaron Schumm
By combining multiple 401(k) plans into one professionally managed structure, Vestwell Elite simplifies plan management, reduces fiduciary and administrative burden, and expands access to modern retirement solutions. Built in collaboration with FuturePlan and Wilshire Advisors, the program brings together technology, fiduciary expertise, and investment excellence—helping advisors scale their practices and enabling more employers to support the financial futures of their workers.
“Vestwell was built to expand access to savings across every segment of the market,” said Aaron Schumm, Founder and CEO of Vestwell. “Pooled Employer Plans are a powerful way to do that, bringing modern infrastructure, cost efficiency, and simplicity to employers of all sizes.”
For companies with 100 or more employees, Schumm added that PEPs can help avoid costly audit requirements while enhancing the overall benefit experience. “Vestwell continues to serve many large employers as well, where these plans can deliver real operational and financial advantages,” Schumm said. “Vestwell Elite embodies our broader mission to close the savings gap through technology, partnership, and innovation—making it easier for every employer to offer savings programs and for every worker to build long-term financial security.”
For more information, visit www.vestwell.com/plan-comparison-advisors.
Research released earlier this year shows that employers report being more satisfied with their retirement plan after joining a PEP, and notably expressed a 40% increase in satisfaction with the retirement plan’s advisor after joining a PEP. The top two reasons cited for improved PEP satisfaction were ease of plan management and cost savings.
SEE ALSO:
• DOL Requests Public Input on Backing PEPs for Small Employers
• Family Farmers Raising Retirement Funds with New Vestwell Partnership
• PEP Adoption Skyrockets Employer Satisfaction with Their Advisor, Retirement Plan
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
