The ideal retirement plan for tech startups
October 21, 2022

The ideal retirement plan for tech startups

Torey Penrod-Cambra | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Human Interest

Our company is a B2B subscription technology company with less than 50 employees who are geographically distributed. It was important to our culture as well as our recruitment and retention strategy to add a retirement plan to our benefits offering in 2022. We evaluated several 401k providers, including local more traditional providers and other SAAS offerings. Ultimately, we selected Human Interest because of its ease of integration with our HRIS (Rippling) and the best-in-class experience we believed it would offer our employees. Today, the company automatically contributes to employees' plans and intends to scale the contribution with time as we grow. I'm pleased that we can offer our employees such an incredible personal investment experience even as a relatively small startup.

Pros

  • Provides an easy, seamless onboarding experience
  • Enables users to make real-time adjustments to contribution and portfolio without administrative burden
  • Offers a great dashboarding experience
  • Integrates with leading payroll providers

Cons

  • Better communication with administrators (People Ops / Finance Ops) while preparing to rollout the solution to employees
  • Reduced administration time (7 hours per employee per year)
The integration with our HRIS has been very seamless so we have not required additional support for our administrators or employees.
Human Interest provides an easy to use interface that integrates with our HRIS and enables our employees to onboard quickly and then self-service adjustments to their contribution or portfolio as necessary over time without involving People Operations or Finance Operations.

Do you think Human Interest delivers good value for the price?

Yes

Are you happy with Human Interest's feature set?

Yes

Did Human Interest live up to sales and marketing promises?

Yes

Did implementation of Human Interest go as expected?

Yes

Would you buy Human Interest again?

Yes

This is a great retirement plan solution for companies with a tech-savvy employee base who want a low-touch, self-service 401k retirement plan. This solution would be less ideal for companies looking for a more traditional experience (though those often come with a higher price tag). The onboarding experience and UI for employees is excellent. The onboarding and integration experience for administrators is good. Administrators should confirm Human Interest fully integrates with their payroll solution / HRIS to get the most out of the offering.

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