Who decided to make changes to the program?

In conversations initiated by the previous OregonSaves service provider, the State of Oregon and Ascensus were not able to reach terms agreeable to both parties on proposed changes to the program structure. OregonSaves was designed to serve those most in need of building financial security and it is essential that the program structure serves that purpose for savers.

The State of Oregon embarked on their partnership with new program manager, Vestwell State Savings, LLC, dba Sumday Administration, to best serve the needs of Oregon businesses and savers, providing a more streamlined online experience and the ability to innovate in the future. Changes to the program and investment structure were kept to a minimum to provide as positive an experience as possible for our participants.