Vestwell has raised $385 million in Series E funding, doubling its valuation since its 2023 Series D. The round was led by Blue Owl Capital and Sixth Street Growth, with participation from major institutional investors including Neuberger Berman, Morgan Stanley, Franklin Templeton, and TIAA Ventures

Vestwell announced an agreement to acquire Accrue 401k, the entity formed to support the nearly 30,000 Guideline retirement plans excluded from Gusto’s acquisition of Guideline. Once finalized, approximately 350,000 savers across small and mid-sized businesses will transition to Vestwell’s payro

Mercer, part of Marsh McLennan, has completed its acquisition of Cardano, significantly expanding its footprint in pension and investment solutions in the UK and Netherlands. This move positions Mercer to address savings gaps and enhance Defined Contribution (DC) Master Trust offerings for UK client