Vestwell's two new products are a TPA partner product, Vestwell Flex, and a TPA portal. Vestwell Flex provides small businesses and retirement plan advisors with an exceptional recordkeeping product that combines the ease of the Vestwell platform with the seamless service of industry-leading TPA partners. In tandem with Flex, the portal allows TPAs to efficiently scale their practices in the small and mid-size 401(k) retirement plan market.
"Vestwell recently piloted two new TPA programs to meet the unparalleled demands of administrators and retirement plan advisors. Administrators, frustrated with operational inefficiencies that prevented growth, needed a modern solution. We also saw demand from retirement plan advisors to use Vestwell as a fully unbundled platform, which led us to launch Vestwell Flex." said Richard Tatum, President of Retirement Services at Vestwell. "TPAs are a critical part of the retirement industry, helping service businesses and savers. But, often legacy technology holds back the level of engagement possible. These new solutions allow TPAs to expand growth, engagement, and service at a rapid scale."