Case Study: Flights Wine Bar improves employee retention with Vestwell retirement benefits

How Flights Wine Bar Improves Retention With Vestwell’s Retirement Benefits

Flights Wine Bar, a small business in the hospitality industry, faced the significant challenge of high employee turnover common to the restaurant sector. Owner Kelsey Daniels sought a way to differentiate her wine bar and improve staff retention by offering a competitive retirement benefit, but needed a solution that was both cost-effective and easy to manage without consuming excessive time or resources. To address this, she turned to the vendor Vestwell to implement a 401(k) plan.

Vestwell provided a low-cost retirement solution that was seamlessly integrated with the company's existing payroll software, Patriot Software. The implementation was supported by significant tax credits that effectively offset all startup and monthly fees for the first year. This Vestwell solution resulted in an impressive 92% participation rate among eligible employees, dramatically boosting retention by making employees view their jobs as a career and giving the business a competitive edge.

Flights Wine Bar

Kelsey Daniels

Owner