Paylocity has launched Paylocity Retirement, a new embedded retirement offering that integrates Vestwell's retirement technology directly into the Paylocity HCM suite. The solution connects plan administration and employee savings tools with existing payroll and HR workflows, aiming to reduce manual reconciliation and minimize errors for administrators while providing a simpler experience for employees to manage their savings. The offering is available immediately for employers offering defined contribution retirement plans, including 401(k) and 403(b) plans.

Integration Benefits

By embedding retirement into the Paylocity platform, employers gain centralized visibility into plan activity, contributions, and performance. Employees can view balances, update contributions, and track progress without leaving the Paylocity ecosystem. The solution is also accessible within the Paylocity Mobile App, allowing employees to manage savings alongside daily tasks. Additionally, both employers and employees have access to dedicated retirement specialists for guidance.

Strategic Partnership

The collaboration leverages Vestwell's retirement administration infrastructure to address the fragmentation often caused by disconnected systems and manual file transfers. Melissa King, SVP of Products & Technology at Paylocity, stated that the partnership provides clients with the simplicity of managing payroll and retirement in one connected platform, backed by dedicated expertise. Aaron Schumm, Founder and CEO of Vestwell, emphasized that the integration removes historical barriers to retirement administration, replacing them with a seamless experience.

Key Features