Vestwell is a fast growing provider of retirement services, offering embedded 401k and other savings programs to companies.
Over 1 million people from over 50,000 companies have used Vestwell’s products to manage more than $30B of their savings.
Crucially, Vestwell needs to make sure its state registrations and entities are compliant and in good standing.
Historically, the company used multiple legacy Registered Agents, with neither providing software to track their entity management, or providing high quality service. To make matters worse, the companies were operated by the same parent, but didn't share information. It made it difficult to track their state registrations and due dates, leading to rush filings and penalties.
By switching to Discern, Vestwell was able to simplify the task of managing its entities to minutes of work per year, with perfect visibility into the standing of its state registrations. The software drove accuracy, reducing human error - and lead to higher compliance rates, less rush filings, late fees, and penalties.
