Vestwell is launching a pooled employer plan with Commonwealth Financial Network and some help from Ascensus. The Gateway 401(k) Plan will be available exclusively to Commonwealth's 2,200 advisors to pitch to their small and midsize business clients.
"We're seeing increased demand from our affiliated advisors and their clients for retirement plan solutions with streamlined processes that reduce administrative burdens to make workplace retirement saving solutions more accessible," said Mat Powers, vice president of strategic retirement solutions at Commonwealth. "Vestwell's advanced technology ensures our advisors can evolve, scale and expand their practices while delivering optimal solutions to clients."
