Vestwell founder and CEO, Aaron Schumm, Honored by Goldman Sachs for Entrepreneurship

Schumm is Honored Among the Most Exceptional Entrepreneurs at 2024 Builders and Innovators Summit

New York, New York, October 17, 2024 - Today, Goldman Sachs (NYSE:GS) is recognizing Vestwell founder and CEO, Aaron Schumm as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California.

Goldman Sachs selected Aaron Schumm from multiple industries to be honored at the two-day event. Schumm and his team at Vestwell are driving the new savings economy through innovation to redesign the savings industry and expand access to those previously excluded.

"Over the last fifty years, over 40 trillion dollars have been saved. However, we have left over half of Americans out of the conversation, largely due to the reliance on legacy technology hindering inclusionary access. As a result, the United States is experiencing a savings crisis that affects critical areas of financial well-being such as retirement, education, and healthcare. An estimated 61 percent of Americans cannot afford a $1,000 emergency, a quarter of US adults have no retirement savings, and nearly 43 million Americans have federal student loan debt," said Aaron Schumm, founder and CEO of Vestwell.

"I am proud to lead a team of innovators at Vestwell working to fulfill our mission of closing the savings gap and helping to ensure that all communities, including low-income and families living with disabilities, have a pathway to financial security. Thank you, Goldman Sachs, for your partnership and for raising awareness of expanding financial opportunities for those previously underserved."

“I am thrilled to recognize Aaron Schumm as one of the most exceptional entrepreneurs of 2024,” said David Solomon, Chairman and CEO of Goldman Sachs. “Aaron and his team have built an impressive business that continues to grow at scale. We look forward to bringing this year’s cohort together to share insights on topics ranging from the evolving geopolitical landscape and accessing new pools of capital to using the power of storytelling to reach new audiences.”

In its 13th year, Goldman’s Builders and Innovators Summit is the can’t miss gathering for Founders and CEOs of high growth companies. Previous honorees have gone on to lead multi-billion dollar companies, both in the private and public markets. In addition to honoring the most exceptional entrepreneurs each year, the Summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.

About Vestwell

Vestwell is a leading holistic savings platform. Founded in 2016, the New York City-based fintech company is transforming access to essential financial wellness and savings programs to close the American savings gap. As an extension of its partners, Vestwell enables a suite of programs, including retirement, health, and education, such as 401(k), 403(b), IRA, 529 Education, ABLE disability, and Emergency Savings programs. Today, Vestwell enables over 350,000 businesses and well over a million active savers, with over $30 billion in assets saved in all 50 states. To learn more, visit vestwell.com.

About Goldman Sachs

Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Press related questions about Vestwell, please contact Nicole Wood at nicole.wood@vestwell.com.

Press related questions about the Summit or Goldman Sachs, please contact Sophia Anthony at Sophia.Anthony@gs.com.