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Vestwell announced this week that it will power the Maine Retirement Investment Trust (MERIT), the newest state-facilitated retirement program in the country. MERIT has selected to partner with an existing Vestwell auto-IRA program, Colorado SecureSavings, to launch the pilot program in late 2023.
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"We're delighted to spur innovation at the state level and partner with Maine and Colorado to launch the first multi-state auto-IRA," said Douglas Magnolia, President of Vestwell State Savings.
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