Wayne-Sanderson Farms this week announced its partnership with Vestwell to launch a new retirement savings program designed specifically for the Company’s over 2,000 farm partners. This collaboration underscores a significant step toward bridging the savings gap for agricultural workers, one of the American economy’s most essential yet traditionally underserved sectors, according to a company press release.
Through this partnership, farmers working with Wayne-Sanderson Farms can now participate in a Group of Plans (GoP) retirement program powered by Vestwell and tailored to fit their individual needs. This approach makes saving for the future easier and more affordable by lowering administrative costs and simplifying the process for both farmers and employers, ensuring that farmers can build the financial security they need for the future. This initiative reflects a growing movement to extend financial benefits to historically underserved industries.
“At Wayne-Sanderson Farms, we care about the well-being of the farmers who play an integral role in our process to deliver the best quality chicken to the marketplace,” said Jeremy Kilburn, Chief Legal & Compliance Officer of Wayne-Sanderson Farms. “Our partnership with Vestwell has allowed us to create an opportunity for our farmers to be able to plan for their future. We are proud to support their ability to save for retirement with confidence and peace of mind.”
With Vestwell’s platform, Wayne-Sanderson Farms is able to offer its network of farmers a scalable, efficient, and affordable savings program to more easily save for retirement. The Company has appointed a select group of farmers to serve on a dedicated committee tasked with overseeing the execution of the program. This committee will play an integral role in ensuring that the program is implemented in a way that directly addresses the needs of its farmers and delivers value to the farming community.
“Farmers are at the heart of our country, yet they’ve often been overlooked when it comes to retirement savings. At Vestwell, our goal is to ensure hardworking Americans, including those in agriculture, have the opportunity to build financial security,” said Aaron Schumm, Founder and CEO of Vestwell. “Our partnership with Wayne-Sanderson Farms is an important step in providing farmers with the support they deserve.”
