Human Interest is a San Francisco-based financial services company specializing in automated 401(k)s that are securities investor protection corporation insured and are intended for small businesses.It has the stated goal of aiding Americans with saving for retirement and also aiding small businesses with retaining employees with a benefits package containing a retirement plan.
The company offers both traditional and Roth 401(k)s, 403(b)s, safe harbor plans, and profit-sharing plans. Employers can also choose to matching and vesting options through Human Interest. The product is capable of handling the tasks necessary for signing up for a retirement plan such as compliance testing and keeping records of payroll.
For access to the software that streamlines the 401(k) process, employers can pay a fee as stated on the company's website. The software onboards the employer's employees by asking questions to calculate insights and also provides necessary Internal Revenue Service forms.
The round was led by U.S. Venture Partners. Wing VC, Uncork Capital, and Slow Ventures also participated in the round.
How Human Interest Helps Small Businesses Set Up 401(k) Plans
March 20, 2018
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