About

Human Interest helps small to medium-sized businesses set up and manage retirement savings plans, specifically offering a 401(k) plan with a 3% cash back on employee contributions for those earning $60,000 or less. The company provides complete administration of these plans, including payroll syncing and compliance management, allowing businesses to focus on their operations. What sets Human Interest apart is its clear pricing structure with no transaction fees, making retirement benefits more affordable. Their goal is to make retirement savings accessible and easy for both businesses and their employees.

Simplify's Take

What believers are saying

• The SECURE 2.0 Act could expand opportunities for enhanced retirement services.
• Partnership with BlackRock may boost resources and market credibility.
• Increased demand for digital financial services benefits Human Interest's technology-driven approach.

What critics are saying

• Increased competition from fintech companies may erode market share.
• Expansion into Utah could strain resources and operational capacity.
• Reliance on technology makes the company vulnerable to disruptions or failures.

What makes Human Interest unique

• Human Interest offers a unique 3% cash back on employee 401(k) contributions.
• The company provides end-to-end administration, including compliance and IRS paperwork handling.
• Human Interest's (k)ickstart™ classroom offers free financial education for first-time savers.

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