Vestwell

🌺 The Aloha State is introducing expanded access to retirement savings for Hawaii’s workers. The Hawaii Retirement Savings Program is designed to provide a retirement savings tool for employees in the state and encourage them to prepare for their golden years. Different from other state savings programs, Hawaii’s program allows employees to join the program on their own. To learn more about Hawaii’s new retirement savings program, check out our recent blog: https://lnkd.in/gkrZxCJQ

Vestwell is sprinkling in more savings! 🌧️ We are thrilled to announce our latest savings feature for 529 Education and Achieving A Better Life Experience (ABLE) savings programs—Weather Boosters. Weather Boosters makes rainy days a little brighter by encouraging individuals to save more in their accounts by setting up automatic deposits based on precipitation in a designated zip code. When participants voluntarily turn on Weather Boosters, every time Weather.gov predicts a higher than 50% chance of precipitation in their location, an automatic, hassle-free contribution will made by the saver. Each raindrop could mean more dollars added to their savings bucket! Whether saving for education or disability expenses, these automatic deposits can make a real splash for savers in reaching their financial goals. By linking savings to everyday routines, such as checking the weather, savers can prepare for unexpected expenses or achieve broad financial goals automatically. ☔ Learn more about Weather Boosters here: https://lnkd.in/eJyEE-Cv

📣 Vestwell is hiring a Director of Financial Planning & Analysis! Do you have experience in FP&A, strategic finance, or investment banking, with a heavy emphasis on financial modeling and data analysis? We’re looking for a leader with experience implementing and optimizing financial forecasting and reporting processes and systems to join our team. If this sounds like you, we want to hear from you! Apply now: https://lnkd.in/gcgWKxSf #OneVestwell #Hiring

Safe harbor 401(k) plans are one of the most popular types of retirement plans used by businesses today. From their administrative benefits to their tax advantages, recruiting capabilities, and more, they have become a favorite for businesses. Don’t have a retirement plan for your business, or looking to upgrade your current plan to a safe harbor? Get all the details on safe harbor plans, their benefits, and more from our recent blog: https://lnkd.in/gwaEU-ZT

The Minnesota Secure Choice Retirement Program is expanding access to retirement savings to workers across the North Star state through a workplace auto-IRA program. Set to launch after January 2025, the program will give private-sector employees without a workplace savings plan the chance to prepare for their later years. Once it launches, businesses with 5 or more employees will be required to facilitate the program or offer their own qualified plan. Want to learn more about the state’s retirement savings program and what it means for Minnesota businesses? Dive into our recent blog: https://lnkd.in/gKcvmdUH

In 2020, one-third of Oregon workers lacked retirement savings plans at work. To address this and expand access to retirement savings, Oregon launched OregonSaves, a state-facilitated retirement savings program that provides an easy and automatic way for Oregonians to save for their future. The auto-IRA savings program requires all businesses in the state, regardless of size, to facilitate the program or offer a workplace savings plan. In our recent OregonSaves guide, we highlight program details, including registration deadlines, eligibility, and more: https://lnkd.in/gKWS59ZF

According to the Vestwell 2024 Savings Industry Report, 85% of workers expect their employer to offer retirement benefits. If you don’t yet provide a retirement plan to your employees, now is a great time to level up your benefits package and launch a safe harbor 401(k). Safe harbor 401(k) plans allow employers to maximize contributions while bypassing certain annual compliance testing. They are also known for their recruiting capabilities in a competitive job market, especially when employees are expecting retirement benefits. In addition, due to recent legislation, employers who set up a new retirement plan are eligible to receive up to $16,500 in tax credits, oftentimes covering up to 100% of plan fees for the first three years. 🗓️ The deadline to launch a safe harbor 401(k) with Vestwell is September 16th. To learn more about safe harbor plans, the different types, and their benefits, check out our blog: https://lnkd.in/egSXfnTd

Cross-border U.S. tax advisory firm TaxStudio works with clients in over 75 countries to provide tailored tax solutions to US subsidiaries of non-U.S. parent companies. The firm partnered with Vestwell to offer comprehensive workplace savings to clients and their employees. “Vestwell increases our value proposition, which makes our clients more likely to tell their network about us,” said Jason M. Booth, CEO of Tax Studio. Learn how Vestwell’s trustee services, modern technology, and robust support enabled Tax Studio to scale their business and provide exceptional customer service: https://lnkd.in/gscWcPtv 

We are thrilled to be welcoming five new members to the team today! 👋 Excited to have you on board Jacobi Poesch, Paul Martin, Brandon Leech, Kathya Vazquez, and Adam Stroz. #OneVestwell #WelcomeToTheTeam

We are excited to introduce the Vestwell Vault, a hub for advisor-exclusive content that will supercharge your firm’s growth. With a host of free resources, you can learn how Vestwell’s holistic workplace benefits and savings platform can help you serve more clients at scale and explore strategies to expand your offering. From a SECURE 2.0 tax calculator to plan comparison guides and more, discover tools that can help you scale your practice: https://lnkd.in/gunTNnJu