Vestwell / Financial Services Retirement

Vestwell: Simplifying the process of retirement planning

Vestwell is a game-changing platform for advisors, employers, and employees that re-imagines the way retirement plans are handled.

YEARS'

COOPERATION

WEB SOLUTIONQA

Challenge

Having created an MVP of a retirement-planning platform and earned the first loyal clients, Vestwell teamed up with iTechArt to empower its in-house team. The initial task list included:

Measure and improve code quality
Integrate the existing platform with third-party systems
Implement business-critical features
Build three different platforms for companies, employees, and Vestwell's operational team

After several years in business, Vestwell decided to make a big leap and tasked iTechArt's team with developing a turnkey 401(k) platform.

Solution

The most significant project achievement was building a profound and scalable solution. This one was made up of multiple smaller successes:

Automated core business processes performed by Vestwell's operational team
Integrated third-party HR/Payroll systems, including Namely, Gusto, and Justworks, for direct file export
Leveraged the framework to allow third-party integrations with minimum developer engagement
Developed a parallel integration with the Voya Financial platform

Built a separate solution for employers to simplify the process of a 401(k) plan offering
Created a participant platform to provide employees with a transparent retirement plan
Established an admin portal to help the ops team control all the tasks within the system
Boosted the frontend solution by implementing a new user-friendly design
Rolled out a Vestwell 2.0 solution unifying recordkeeping system and traditional 401(k) portal
Set up a workflow to identify the content type and automatically send it to the corresponding system