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Human Interest
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Simplifies retirement savings plans for businesses
Human Interest
Work Here?
Simplifies retirement savings plans for businesses
About Human Interest
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$601.9M
Headquarters
San Francisco, California
Founded
2015
Overview
Human Interest simplifies the setup and management of retirement savings plans for small to medium-sized businesses. Its main product is a 401(k) plan that offers a 3% cash back on employee contributions, particularly benefiting those earning $60,000 or less annually. The company provides comprehensive administration of these plans, which includes syncing with payroll, processing contributions, and managing compliance and IRS paperwork, allowing businesses to focus on their core operations. Human Interest stands out from competitors by offering transparent pricing with no transaction fees, making it more affordable for businesses to provide retirement benefits. Additionally, the company offers financial education through its (k)ickstartâ„¢ classroom, which features a series of short videos aimed at first-time savers, along with exceptional customer service and a mobile-friendly experience.
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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)ickstartâ„¢ classroom offers free financial education for first-time savers.
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Funding
Total Funding
$601.9M
Above
Industry Average
Funded Over
7 Rounds
SoftBank
SV Angel
Y CombinatorBenefits
Our 401(k) includes a dollar-for-dollar employer match up to 4% of compensation
Top-of-the-line health, dental, and vision, with employee premiums fully paid and dependent premiums 50% covered by Human Interest
Stock options for every employee
Generous PTO policy
HSA or FSA offering with an annual employer contribution
Short/Long-term disability and life insurance
Generous parental leave policy
Dollar-for-dollar match of employee donations to nonprofit 501(c)(3) organizations, up to $1,000 per year
Monthly work from home stipend
Annual wellness stipend
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↓ -1%Human Interest helps small companies set up 401(k) services.
Human Interest Inc., a retirement startup, raised $267 million in new financing, valuing the company at $1.33 billion. The funding round included debt and equity, led by Baillie Gifford and Marshall Wace. The San Francisco-based company helps small and medium-sized businesses offer 401(k) plans and other retirement accounts, supporting over one million workers at more than 25,000 businesses.
"In January 2024, Human Interest Advisors was recognized by Investor.com as a Best Financial Advisor Firm for Everyday Americans 2024 with a 5-star rating.
Human Interest have announced a new EP, 'Empathy Lives In Outer Space'.
Human Interest opens Utah office, plans to add over 300 jobs.
Human Interest is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Human Interest
Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$601.9M
Headquarters
San Francisco, California
Founded
2015
Human Interest is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today