Strategic conversion strengthens Vestwell’s leadership in the savings industry and reinforces commitment to closing the savings gap
New York, USA – September 23, 2025 – Vestwell, the backbone of the modern savings economy, today announced that it has entered into an agreement to convert the block of retirement plan clients from Saveday, a modern 401(k) provider, onto the Vestwell chassis.
This seamless transition extends Vestwell’s reach among America’s businesses—advancing its mission to close the savings gap and deliver secure financial futures. Employers in professional services, hospitality, wellness, and manufacturing will gain access to Vestwell’s integrated suite of workplace savings solutions, bringing simplicity and scale to how they help their employees save.
Powered by Vestwell’s unified technology and modern infrastructure, the move ensures a smoother participant experience, faster plan operations, and greater scalability for advisors and employers alike—reinforcing Vestwell’s position as the leading platform for comprehensive savings solutions.
“The savings industry at large, and the retirement industry in particular, is growing at an unprecedented pace. Business owners today require technology and flexibility that meet the needs of a modern workforce,” said Aaron Schumm, founder and CEO of Vestwell. “By converting Saveday retirement plan clients, we’re extending that vision—delivering a retirement savings experience that brings greater simplicity, scale, and innovation to core industries across the country.”
The management and administration of Saveday’s Defined Contribution Plans, including 401(k) and Solo(k) plans, will migrate to Vestwell’s award-winning platform. The plans will be converted to Vestwell’s proprietary technology solution, coupled with the highest level of service.
“As a retirement plan provider, our priority has always been delivering the best possible experience for our clients. In Vestwell, we found a partner whose technology, service, and vision align with that commitment,” said Albert Swantner, CTO of Saveday. “We’re confident our clients will benefit from a seamless transition and enjoy an even more robust savings experience as part of the Vestwell community.”
Saveday retirement business clients will soon experience an elevated savings journey through Vestwell’s advanced technology platform. With enhanced, user-friendly digital tools, retirement planning will feel easier, more intuitive, and more accessible than ever before. Clients will also gain access to expanded features, seamless service, and greater resources, all delivered through Vestwell’s modern, cloud-based platform designed to simplify and elevate the way people save.
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For more information, please contact: Nicole Wood, Vice President of Communications, at nicole.wood@vestwell.com
About Vestwell
Vestwell is the backbone of the modern American Savings Economy. Vestwell is a financial technology company that makes it easier for more Americans to save for life’s most important moments - from retirement to education and healthcare. Founded in 2016, Vestwell’s platform removes traditional barriers to saving, making it accessible, efficient, and approachable for everyone.
Vestwell provides a comprehensive suite of workplace savings solutions, including retirement plans, student loan repayment benefits, and specialized accounts for education, emergencies, and disability savings.
Trusted by financial advisers, employers, payroll providers, financial institutions, and government agencies, Vestwell empowers nearly 1.5 million savers across over 350,000 businesses nationwide, with over $30 billion in assets under management. With a commitment to closing the savings gap and fostering a culture of saving and secure financial future for all, Vestwell provides an elevated and accessible savings technology everyone deserves.
For more information, visit www.vestwell.com.