Wayne-Sanderson Farms is partnering with Vestwell to launch a new retirement savings program designed specifically for Wayne-Sanderson Farms' more than 2,000 farm partners. 

Many farmers lack access to employer-sponsored retirement plans. According to the US Department of Agriculture, while many farmers have some form of retirement savings, their overall balances tend to be lower than the national average. Without structured savings options such as retirement, emergency and education savings, many face financial uncertainty in their later years.

Through this partnership, farmers working with Wayne-Sanderson Farms can now participate in a Group of Plans 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 financial security for the future.

"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 and 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."

Wayne-Sanderson Farms 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."

Source: Wayne-Sanderson Farms