Patriot Software and Vestwell are teaming up to offer 401(k) plans with seamless payroll integration. Patriot, powered by Vestwell, will offer 401(k) plans to all payroll customers giving them access to a fully integrated, modern and customized workplace retirement plan.
The partnership with Vestwell—the modern fintech engine powering savings and investment programs for small businesses and individual savers across the country—offers exclusive pricing benefits to support employers implementing an affordable retirement program for their employees.
Patriot CEO Mike Kappel says the partnership allows the company to expand its offerings and make it easier for its customers to offer 401(k) plans to their employees. “At Patriot, we’re committed to providing fast, affordable accounting and payroll for business owners and their accountants to ensure their success. We chose Vestwell as our partner given their extensive experience in the financial services industry, innovative technology, and strong commitment to creating a lasting partnership.”
A leading barrier for small businesses to offer retirement plans often is the integration with payroll. The Patriot/Vestwell partnership is designed to help small businesses by easing the administrative burden through streamlined, automated payroll processing, taxes, and compliance, all in a cost-effective and user-friendly platform.
The underlying architecture of the partnership is powered by Vestwell’s leading cloud-based digital recordkeeping platform. “Payroll providers play an integral role in closing the retirement savings gap,” says Aaron Schumm, founder and CEO of Vestwell. “We’re thrilled to be the exclusive provider of workplace savings programs for Patriot and support their business clients to offer the quality retirement programs they deserve.”
Through this partnership, Patriot and Vestwell are working to close the savings gap by offering affordable workplace savings solutions to American businesses across the country.
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