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Vestwell strengthens leadership in the savings industry, powering 85% of all state-facilitated retirement savings programs nationwide. The New York State Secure Choice Savings Program is now live, with Vestwell as the program administrator. The program is available to all private-sector businesses in New York with ten or more employees that do not currently offer a retirement plan. It helps bridge the savings gap by providing access to a flexible and straightforward retirement savings option.
“Being selected to power New York Secure Choice hits especially close to home for our team,” said Aaron Schumm, Founder & CEO of Vestwell. “New York is where Vestwell was founded, where our headquarters are, and where so many of our employees live and work. This is how public and private sectors come together to make a real impact, by making saving simple for employers and accessible for workers who've historically had no on-ramp. Adding New York to our growing partnerships and completing all three tri-state programs means millions more New Yorkers can start building the secure financial future they deserve.”
