Vestwell Holdings to Acquire Accrue 401k

Davis Polk represented Vestwell Holdings Inc. in its proposed acquisition of Accrue 401k, Inc. The transaction will transfer management of nearly 30,000 retirement plans and approximately 350,000 savers to the Vestwell platform following closing. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in early 2026. Vestwell is a financial technology company founded in 2016 that provides a comprehensive suite of workplace savings solutions, including retirement plans, student loan repayment benefits and specialized accounts for education, emergencies and disability savings. Accrue 401k was created to manage the Guideline 401(k) plans carved out of Gusto’s recent $600 million acquisition of Guideline, a provider of low-cost, highly automated 401(k) plans. Davis Polk represented Vestwell Holdings Inc. with a team composed by: partner Evan Rosen (corporate), Jared Fine (corporate), counsel Kris D. Desrosiers (corporate), associate Leon Ren (corporate), partner Pedro J. Bermeo (capital markets), partner Byron B. Rooney (capital markets), partner Nikolaus Caro (sponsor finance), associate K. Oliver H. Schauman (sponsor finance), partner Corey M. Goodman (tax), partner Kyoko Takahashi Lin (executive compensation), partner Pritesh P. Shah (intellectual property) and partner Gregory S. Rowland (investment management). All members of the Davis Polk team are based in the New York office.

Vestwell Holdings to Acquire Accrue 401k

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