Last Updated
Overview
Vestwell offers an intuitive platform for managing retirement savings, enabling businesses and advisors to deliver comprehensive financial solutions. While users may face some initial setup challenges, its responsive customer support and smooth integration with numerous third-party applications make Vestwell a dependable, user-friendly solution for long-term savings management.
Overall Rating
Based on 2 users reviews
4.5
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
Vestwell Specifications
- Benefits Administration
- Employee Self-Service Portal
- Workforce Analytics
- Payroll Integration
What Is Vestwell?
Vestwell is a cloud-based platform designed to simplify workplace savings programs. It offers comprehensive solutions for accounts like 401(k), 403(b), IRA, 529, ABLE, Emergency Savings, and Student Loan Paydown (SLP). The platform features seamless payroll integration, flexible plan options, and full administrative support, helping businesses manage and streamline employee savings programs. By offering an intuitive and efficient solution, Vestwell makes it easier for businesses and advisors to provide employees with effective retirement and savings plans.
Vestwell Pricing
Disclaimer: The pricing has been sourced from third-party websites and is subject to change.
Vestwell Integrations
Vestwell software offers integration with a variety of third-party applications, including:
Who Is Vestwell For?
Vestwell serves businesses across a wide range of industries, including:
- Advisors
- Employers
- Employees
- Financial institutions
- Government agencies
- Third-party administrators (TPAs)
- Human Capital Management (HCM)/Payroll providers
Is Vestwell Right For You?
Looking for a comprehensive, easy-to-use savings solution? Vestwell offers an intuitive platform that integrates a wide range of savings products, providing flexibility and simplicity for advisors, employers, and savers. With world-class partnerships and customizable features, it addresses immediate needs while enabling scalable growth, making it an excellent choice for those looking to streamline savings management.
Are you still unsure about Vestwell? Contact us at (661) 384-7070 and get expert assistance from our team regarding any further queries.
Vestwell Features
Advisor Managed Accounts
Vestwell features advisor-managed accounts that offer a personalized investment experience with technology-driven advice. Participants answer three guided questions, and a sophisticated algorithm customizes asset mixes, adapting over time to maximize success while users can adjust and monitor retirement goals.
Pooled Plans
The software supports pooled and multiple employer plans (Multiple Employer Plans - MEPs, Pooled Employer Plans - PEPs, and Group of Plans - GOPs), offering scalable retirement solutions for small to mid-sized businesses and not-for-profits. It simplifies savings, helping over one million savers nationwide with easy-to-use, jargon-free tools.
Payroll Integrations
Automated Payroll Integration streamlines plan management by connecting with leading providers. Vestwell's platform automates contributions, elections, and payroll transactions through direct data feeds, reducing manual tasks and errors and enhancing overall efficiency for retirement plans and more.
State Savings Program
State savings programs are powered by Vestwell's technology, offering a seamless, white-labeled experience for plan sponsors and participants. The Bank of New York Mellon Corporation (BNY) Mellon provides custody, recordkeeping, and investment management services, enhancing delivery and supporting program success.
Workplace Savings Programs
The platform powers a comprehensive workplace savings ecosystem, integrating 401(k)s, HSAs, IRAs, 529s, emergency funds, and more. It simplifies the management of diverse savings initiatives, enabling tax-optimized investments and seamless fund allocation across various financial goals.
Pros And Cons of Vestwell
Pros
Offers an easy-to-use web portal
Provides excellent customer service
Integrates with multiple third-party applications
Cons
Terms and conditions may be complicated for new users
The paper statements appear to be of low quality and not well-designed
Vestwell Reviews
Total 2 reviews
4.5
All reviews are from verified customers
Rating Distribution
5
Stars50%
4
Stars50%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Electronics, 11-50 employees
“Very easy to understand”
Pros
The web portal is really easy to use and Vestwell's customer service has always been helpful whenever I needed assistance.
Cons
As a new user, I found the terms and conditions a bit confusing at first.
Rating Distribution
Ease of use
9
Value for money
8
Customer Support
9
Functionality
8
Financial Services, 51-100 employees
“So easy and simple”
Pros
It's simple and easy and they have answered every question I have thrown their way.
Cons
I am not a fan of the paper statements. I opted for digital because I don't want clutter and honestly, the paper ones look kind of low quality.
Rating Distribution
Ease of use
10
Value for money
8
Customer Support
10
Functionality
10
Frequently Asked Questions
Does Vestwell have a mobile app?
Yes, Vestwell offers a mobile app for both iOS and Android devices.
What types of pricing plans does Vestwell offer?
Vestwell cost starts at $100 per user per month. Users can get a custom quote tailored to their needs and requirements.
What language does Vestwell support?
Vestwell's platform primarily supports the English language. However, it offers certain resources in Spanish to accommodate a broader user base.
Does Vestwell offer an API?
Yes, Vestwell offers API access.
What level of support does Vestwell offer?
Vestwell provides support through a knowledge base, video tutorials, and a client portal.
Who are the typical users of Vestwell?
Vestwell serves businesses across various industries, including advisors, employers, employees, financial institutions, government agencies, third-party administrators (TPAs), and human capital management (HCM)/payroll providers.
What other apps does Vestwell integrate with?
Vestwell software integrates with a range of third-party applications, such as Paycom, BambooHR, QuickBooks, Gusto HR Software, Toast POS, and ADP Workforce Now, providing seamless connectivity for businesses.