FAIRPORT, N.Y., Dec. 13, 2017 /PRNewswire/ -- After decades as a senior benefits consulting executive, David Vandeveer has witnessed concerning trends in retirement readiness and the growing urgency of addressing the gap between retirement savings and the savings needed for retirement income replacement. When he learned about NestUp Managed Deferrals® he knew he'd found a meaningful and engaging platform that could enable employees to close that gap.
Vandeveer, with deep healthcare and retirement domain expertise from working at Aon Consulting, ADP, and Transamerica, joined benefits decision support innovator Perspective Partners, LLC, in August of this year.
This Fairport, N.Y. financial wellness company launched NestUp Managed Deferrals® in 2013, well ahead of the health-wealth benefits convergence trend and has attracted a forward-thinking team of industry veterans including Kevin Vail, previously with M&T Bank's HSA division, and Bart Ballinger from EMPOWER.
Solving the Human Capital Equation
Vandeveer believes in facilitating smarter use of 401(k) and health savings accounts (HSAs) deferrals is key to the dilemma of an aging workforce. High deductible health plans in concert with HSAs help employers and employees save money on premiums and taxes – funds that can then potentially be diverted into retirement savings. The result: A more productive and focused workforce that can afford to retire on time, i.e., solve the human capital equation on the "back-end" of a career.
"The implications of aging in the workforce are profound," says Vandeveer. "Employers need healthy Baby Boomer and Gen-X employees on the job. Those employees need more visibility and maximization of their retirement and health care contributions, which NestUp Managed Deferrals® accomplishes."
Fintech Benefits Innovation
As his career progressed, Vandeveer noticed the convergence of health and wealth benefits that inspired Perspective Partners to create NestUp Managed Deferrals®. The company's expertise in benefits decision support and innovation translated into a platform that is easily integrated into benefits administration technology, payroll and other employer portals.
Employers gain through an interface that provides personalized information for employees during open enrollment, while employees benefit from implementing benefit deferral changes through a one-click experience.
About Perspective Partners and NestUp Managed Deferrals®
Perspective Partners facilitates the transition of employees from viewing HSAs as a pass-through spending account to a vehicle for saving and investing for the health expenses of today and tomorrow. The NestUp Managed Deferrals® platform provides a strong foundation for holistic benefit management, saving money and effectively deploying benefit savings.
Perspective Partners launched NestUp Managed Deferrals® to empower employers and employees to achieve their retirement, health and financial wellness goals. NestUp Managed Deferrals® offers significant benefits to employers and employees by maximizing deferral dollars and clarifying benefits choices.
To schedule a demo of the NestUp Managed Deferrals® platform, call (800) 408-5375.
NestUp Managed Deferrals® is a service of Perspective Partners, LLC, a wholly owned subsidiary of Manning & Napier Group, LLC.
SOURCE Perspective Partners, LLC