NEW YORK, NY, February 20, 2019 – Vestwell, a digital retirement platform, today announced they have partnered with OnPay, the top-rated online payroll service serving small and medium-sized businesses. The complete integration between the two modern-day technologies means that plan sponsors now have access to a turnkey retirement offering with seamless data flow between their payroll and retirement plan providers.
Vestwell and OnPay both service plan sponsors through a co-branded experience that gives advisors and accounting firms the ability to support clients with a customized and cohesive experience. Through this new relationship, accounting firms who leverage OnPay’s technology now have a retirement plan offering that simplifies their client’s ability to offer tax advantaged plans. Vestwell advisors whose clients still use antiquated payroll solutions can migrate towards a modernized offering that syncs directly with their retirement platform.
“At Vestwell, we are committed to making retirement plans easier and more accessible for all involved,” said Aaron Schumm, founder and CEO of Vestwell. “Integrating OnPay into our platform does this by giving advisors a more expansive solution for their clients, offering plan sponsors an easier way to administer plans, and providing participants the peace of mind they deserve.”
Integration with payroll is a key pain point of traditional retirement plan offerings, and the Vestwell and OnPay relationship underscores a joint commitment to helping small businesses transfer funds and data without the complications of disparate systems. Working in tandem, the systems streamline administration across paychecks, taxes, and compliance, freeing up time to focus on competing priorities.
“We are continually looking for opportunities to help our clients eliminate manual processes and access all the information they need to make informed decisions,” said Mark McKee, President and COO of OnPay. “Our relationship with Vestwell expands the ways in which we can make business easier for them while painting a clearer financial picture. It also makes it much easier for small business owners and their advisors to offer the benefits their employees want the most.”
About Vestwell Holdings, Inc.
Vestwell is a digital platform that makes it easier to offer and administer retirement plans. Vestwell removes traditional friction points through flexible investment strategies, fiduciary oversight, and streamlined administration, all at competitive pricing. By acting as a single point of contact, Vestwell has modernized the retirement offering while keeping the plan sponsor’s and plan participant’s best interests in mind. Learn more at Vestwell.com and on Twitter @Vestwell.
OnPay’s mission is to help every small business run by making payroll, HR and benefits easy, affordable and mistake-free. OnPay launched in 2009 as the subsidiary of a traditional payroll company. The team’s deep history with payroll helps OnPay deliver an approachable payroll solution that accommodates companies in every industry, as well as their accountants and bookkeepers. PC Magazine gave OnPay an “Excellent” rating, and the company has earned five out of five star ratings for its payroll solution on Capterra, earning awards for ease of use and best customer service. Learn more by visiting OnPay.com.