This is why portfolio company Vestwell has partnered with OnPay, a payroll software company, to give plan sponsors access to a seamless data flow between their payroll and retirement plan providers.
Vestwell, a digital retirement platform, today announced they have partnered with OnPay, the top-rated payroll software serving small and medium-sized businesses. The complete integration between the two modern-day technologies means that plan sponsors now have access to a turnkey retirement offering with seamless data flow between their payroll and retirement plan providers. Vestwell and OnPay both service plan sponsors through a co-branded experience that gives advisors and accounting firms the ability to support clients with a customized and cohesive experience. Through this new relationship, accounting firms who leverage OnPay’s technology now have a retirement plan offering that simplifies their client’s ability to offer tax advantaged plans. Vestwell advisors whose clients still use antiquated payroll solutions can migrate towards a modernized offering that syncs directly with their retirement platform.