89d13ed84e9411ef98424a9ad4e06cc1
CASE STUDY
Community Care: Empowering Employees With Vestwell’s Retirement Plan
Employer
Agape In Home Care (IHC)
“Agape has been focused on helping immigrants from its outset,” said Tim. “Alexis is an asylum seeker from Rwanda. He helped me understand the plight of immigrants in the United States. Most people feel like once they arrive on our shores, it's smooth sailing from there. Most find the opposite to be true. We started Agape with a different take on employment and our responsibilities. We work side by side with our employees in order to help them improve their opportunities in life.”
With this mission in mind, Agape IHC teamed up with Vestwell to offer a 401(k) plan that aligns with their values, simplifies saving for their employees, and streamlines plan administration for
“We've always planned to eventually evolve Agape IHC towards an employee-owned structure,” Tim explained on the decision to provide a profit-sharing feature in addition to their employer match.
Empowering employees to pursue their long-term goals is core to Agape IHC’s philosophy. However, navigating retirement plans can be daunting for those unfamiliar with the concept.
A Payroll Integration for Peace of Mind
Agape IHC is committed to providing families of the elderly with peace of mind. Seamless plan administration via payroll integration was essential so that the Agape IHC team could focus on what matters—offering the highest standard of care for seniors living independently.
Vestwell’s 360°
The Impact: Agape IHC's 99% Retirement Plan
Agape IHC’s retirement plan from Vestwell has a 99% participation rate among their 71 eligible employees. Tim attributes this success to the thoughtful plan design, especially features like auto-enrollment and auto-escalation. "The fact that we have a 99% participation rate is phenomenal,” he said. “Our employees have not had the benefit of a 401(k) plan in the past, and they're overwhelmingly excited about this.”
By understanding and addressing the specific needs of their employees, Agape IHC has deepened their commitment to employee well-being and financial security—and enhanced their ability to attract and retain top talent in the competitive healthcare space.
Conclusion
From the beginning, Agape IHC knew they wanted to offer their employees more than just a paycheck. With Vestwell, Agape IHC was able to provide their employees with an intuitive and accessible retirement plan that worked for them. Through thoughtful plan design and a 360° payroll integration, the retirement solution from Vestwell made saving easy and plan management a breeze. “I would recommend that any business look into Vestwell,” Tim said.