Flexible pricing and plan options for growing teams.

The monthly employer base fee covers the core services required to operate and maintain your retirement plan on Vestwell’s platform, such as plan administration, recordkeeping, client service, plan support, and compliance and reporting services.

Employers generally pay a base fee for plan operations and a one-time setup fee. Employers can choose to pay certain participant fees, such as the monthly participant fee for recordkeeping services and asset-based investment management fees, if they desire. Under ERISA retirement law, the plan sponsor is always responsible for determining the source of payment for plan expenses.

Participant fees are charged based on participants with an active balance in their retirement account at the end of each month. Employers can choose to cover the participant fee if they wish, or, as is most common, pass it on to their employees.

Our dedicated service team can help you upgrade or change your Vestwell plan. Your plan can meet your business needs today and scale with you as you grow, with easy amendment to a different plan offering with more features and flexibility. Plan amendments allow you to adjust plan features or even transition to a different Vestwell offering with more flexibility or capabilities. Some changes may require advance notice or must be timed with the start of a new plan year, while others can be made mid-year. Our team will guide you through the process and the next steps.

In addition to fees for our standard services, we may charge fees for services that require additional resources or activities, such as special reports. We also offer optional add-on services to help employers optimize their plan, like a managed account feature and our plan document maintenance program, which have additional costs. These ad-hoc and elective fees vary based on your plan type and the services you choose, and are typically billed as they occur or alongside regular quarterly invoices. Your plan agreement and fee disclosures will include all details about which extra fees could apply to your specific plan.

Employers are typically invoiced quarterly for most fees. Payment can be made by ACH (bank transfer), credit card, or check, based on the options set up in your plan’s account. If your plan starts partway through a quarter, base fees are pro-rated so you only pay for the months the plan was active.