 Today, Financial Engines has over 200 employees and is the leader in automated retirement plan investment advice and management, with more than $200 Billion in managed retirement accounts, providing advice and managed account services to employees in over 1000 major corporations.In March, 2018, Financial Engines was acquired for $3 Billion in cash

Grundfest has twice received the John Bingham Hurlbut Award for Excellence in Teaching as well as the Associated Students of Stanford University award as the best professor at the Stanford Law, Business, and Medical Schools.Grundfest is chairman of the board nominating committee of the NASDAQ Stock Market, and was formerly a director of Oracle Corporation.