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Human Interest in the news.

Press Contact

Erin McInrue Savage

[email protected]

Company News

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June 07, 2021

For Sexy Pizza, a 401(k) Is Part of the Mission 

Having a 401(k) in the restaurant industry used to be rare. Sexy Pizza is working to change that because "taking care of employees is sexy".

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May 20, 2021

CloudTrucks helps truck drivers earn more money

Celebrate the big moments of our Small Business customers! Find out more about CloudTruck's mission to help independent truck drivers earn more money with fewer headaches.

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May 03, 2021

Celebrating the Big Moments of Small Businesses

It’s no secret: we admire the work of small business owners. Every day we are inspired by the persistence and… Read More

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March 15, 2021

The Human Interest Learning Center: Your new hub for financial wellness

We heard you! Human Interest exists to make it easier to start offering a 401(k)—but that’s not all.

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September 15, 2020

Goodbye 401(k) Transaction Fees

We’ll come right out and say it: The 401(k) industry is notorious for being filled with dozens of sneaky, shady… Read More

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September 15, 2020

Meet the New Human Interest

Zero 401(k) transaction fees. New brand. New tech platform. Five years ago, we launched our first retirement plan Helping our… Read More

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June 10, 2020

FAQ Re: Update to Your Company’s 401(k) with Human Interest

New updates will ease the administration of your 401(k) plan and help your employees save for retirement. Now, we have… Read More

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October 21, 2019

A New Partnership…

We’ve launched a new partnership with Zenefits,* one of the most innovative HR and payroll software and services providers. Human… Read More

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August 06, 2019

Human Interest: Improving America’s Access to 401(k) Plans — Announcing a $15.4 Million Series B

A new milestone There’s excitement today at Human Interest HQ as we announce a new round of funding! We’ve closed… Read More

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April 04, 2019

Human Interest Now Integrates with QuickBooks Online (QBO)

We’re thrilled to announce our brand new integration with QuickBooks Online! If you’ve been considering a retirement solution for your… Read More

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April 04, 2019

Product Announcement: Reporting for Plan Administrators

We’re excited to announce a new user interface and navigation for plan administrators. Along with that redesign, plan administrators will… Read More

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June 01, 2018

Common Cents Lab 2018 – Behavioral Science in Retirement Savings

At Human Interest, we are on a mission to enable every small business in America to provide an affordable retirement… Read More

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February 07, 2018

Captain401 is Now Human Interest!

When we started Captain401 back in 2015, our aim was simple: to provide small businesses and startups with affordable,… Read More

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February 22, 2016

Letter from the Human Interest Founders

We have a retirement crisis that’s only going to get worse. There are two fundamental issues that need to be… Read More

As seen in

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InvestmentNews
TechCrunch
PlanAdviser
HR

Media coverage

GOBankingRates

May 27, 2022

6 Budgeting Tips Every Retiree Needs To Know

An emergency fund matters now more than ever for retirees. Eric Phillips, CFA and senior director at Human Interest, said with the current uncertainty of the markets it is even more important to have an emergency fund in retirement in the event something outside of your normal expenditures comes up.

BenefitsPRO

May 05, 2022

Narrowing the SMB retirement savings gap

Human Interest studied how this disparity impacts a large section of the American workforce that is saving for retirement without the help of employee-sponsored plans. Data reveals employees of small businesses are eager to save for retirement when given the chance.

Wealth Management

April 26, 2022

RPA Edge: Back to the Office?

Eric Phillips, senior director at Human Interest, maintained it's possible to have the best of both the in-person and remote models of work. Hiring remotely across geographies allows companies to access a much broader set of talent than confining themselves to a specific city, he said. Hiring within a city and having people physically co-located allows for more collaboration and iterative problem solving, which remains hard to do online. “At Human Interest we are using a hybrid approach to get the best of both models,” said Phillips. “We are hiring the best people we can find for each role in the company, regardless of their location.”

Money

April 15, 2022

Can You Be 'Too Old' to Save for Retirement? Nearly Half of Americans Think So

You’re not alone if you think you can be too old to start saving for retirement. Nearly half of Americans feel this way, according to a recent survey commissioned by Human Interest, a retirement benefits provider. No matter what stage of life you’re in, there are plenty of ways to start saving for retirement now. Many financial experts believe that regardless of age, something saved is better than nothing.

Plan Sponsor

September 01, 2021

Newer Retirement Plan Providers Tout Their Value Proposition

Schneble says nearly all his clients use robo-advisory services with a default lineup of passive index funds. However, Human Interest is an open-architecture platform where plan sponsors can select their own lineups if they prefer from 2,000-plus funds in every major asset class, including increasingly popular specialty funds such as environmental, social and governance (ESG) funds.

Built In

August 27, 2021

Plan, Do, Check, Act. Repeat. 4 Steps to Keep Your Projects Agile.

The planning stage in PDCA is all about looking at a gap you have in an existing product or workflow and then sketching out the solution. Skye Thompson starts every plan with a journey map. As Human Interest's senior program manager, he relies heavily on the continuous cycle of PDCA to manage those projects.

401K Specialist

August 04, 2021

SMB 401k Provider Human Interest Valued at $1B

As small- to medium-sized business 401k provider Human Interest pushes toward an eventual initial public offering (IPO), the San Francisco-based company just announced it has raised an additional $200 million in a Series D round, which sees the company valued at $1 billion.

Forbes

August 04, 2021

Human Interest Raises $200 Million On Its Path To IPO In 2023

The San Francisco-based startup raised a $200 million Series D round at a $1 billion valuation six months after its $105 million Series C in January. This round was led by the TPG’s Rise Fund and SoftBank and included NewView Capital, Wing VC, Crosslink Capital and Slow Ventures, among others.

TechCrunch

August 04, 2021

Human Interest raises $200M at a $1B valuation, plans for an IPO

Less than six months after raising $55 million in a Series C round of funding, SMB 401(k) provider Human Interest today announced it has raised $200 million in a round that propels it to unicorn status. The Rise Fund, TPG’s global impact investing platform, led the round and was joined by SoftBank Vision Fund 2.

401K Specialist

February 15, 2021

SMB Market 401k Provider Completes $105M Series C After Breakout Year

The investment comes on the heels of an extraordinary year for Human Interest. The company reported 10X growth in monthly customer acquisition over the past 18 months, and revenue retention rates that exceeded even those of top performers in a recent industry study.

TechCrunch

February 11, 2021

401(k) Provider Human Interest Doubles Valuation with $55M Fundraise

Human Interest’s growth has been impressive. It’s gone from adding about $100,000 a month in net new revenue in early 2019 to now adding more than $1 million a month in net new revenue, according to Schneble. The startup’s goal is to get to over $2 million a month by year’s end.

Forbes

December 21, 2020

For Small Business Owners Only: Advanced Retirement Plan Options

“Under the SECURE Act, the small employer plan start-up tax credit is now tenfold higher—up from $500 to $5,000 per year,” says Diana Torzewski, Product Manager at Human Interest in San Francisco. “It’s now more affordable than ever to launch a 401(k) plan to benefit yourself and any team members when you take advantage of this credit.”

Forbes

December 19, 2020

Have You Missed These Year-End Retirement Planning Moves?

“Year-end financial planning is a good time to review existing retirement savings and consider whether you need to make any catch-up contributions to reach your savings goal,” says Diana Torzewski, Product Manager at Human Interest, San Francisco.

GO BankingRates

December 19, 2020

How the Election Results Could Impact Your Retirement Plan

If you’re retired, nearing retirement age or just like to plan ahead, your retirement plan may be top of mind when you think about what a Joe Biden presidency could mean for you.

FiduciaryNews

October 20, 2020

5 Big Overlooked Financial Errors 401(k) Plan Sponsors Are Making Right Now

Jeff Schneble is the CEO of Human Interest. He is based in San Francisco, California, says: One of the most common problems we see with plan sponsors is not having an ERISA bond or not having an adequate level ERISA bond coverage.

Forbes

October 17, 2020

What You Can (And Should) Do About Your 401(k) Fees

If you are worried about fees in your 401(k) plan, ask your employer when the last time they benchmarked fees was, says Jeff Schneble

CNBC

September 17, 2020

These Hidden Fees Are Taking a Bite Out of Your Retirement Savings

The cost of investing tells only part of the story. Participants are still shelling out for other plan expenses and one-off costs, including distribution fees once they pull cash from a 401(k), even during a divorce.

InvestmentNews

September 16, 2020

How One 401(k) Firm Says it Is Bulking Up Amid the Pandemic

An online 401(k) provider is striving for growth during the recession — and part of its strategy is to eliminate all 401(k) transaction fees.

Press releases

GlobeNewswire

May 03, 2022

Human Interest Appoints Catherine Wong, Domo COO and EVP of Engineering, to Its Board of Directors

Human Interest, a fast-growing 401(k) provider, today announced it has appointed Domo Chief Operating Officer and Executive Vice President of Engineering Catherine Wong to its board. Wong joins Human Interest as the company’s growth accelerates.

OnePoll

April 13, 2022

Nearly half of respondents believe you can be “too old” to start saving for retirement

Conducted by OnePoll on behalf of retirement benefits provider Human Interest, a recent survey of 2,000 Americans, half between the ages of 18–29 and half between 30–64, looked at how these groups plan for retirement across various fields of employment. the survey also looked at some of the frequent reasons people think they won’t be able to retire.

globenewswire

December 14, 2021

Human Interest Appoints Abhi Mishra as Chief Technology Officer

Mishra joins Human Interest from Amazon, where his organization built personalized shopping experiences for Amazon's ecommerce customers. He also previously served as a General Manager in AWS, Amazon's cloud division. Mishra has significant experience growing both early-stage products and multi-billion dollar businesses, and will apply his expertise in building world-class customer experiences and highly scalable infrastructure to expand Human Interest's platform. He will lead both product and engineering functions and will be focused on significantly expanding both following Human Interest’s Series D funding round in August 2021.

Globenewswire

November 04, 2021

Human Interest Appoints New Independent Board Members as it Prepares for IPO

Fast-growing SMB 401(k) provider Human Interest today announced it has appointed two new board members: Jane Alexander, Chief Marketing Officer of Carta, and Bruce Felt, Chief Financial Officer of Domo, who also will serve as chairman of the board’s Audit and Risk committee. The additions come as the company continues to see significant growth, including in areas that have not traditionally offered retirement benefits.

Globe Newswire

August 04, 2021

The Rise Fund Leads $200M Series D Investment in Human Interest to Accelerate Growth and Societal Impact

Human Interest today announced that it has raised a $200M Series D round led by The Rise Fund, TPG's global impact investing platform, and joined by SoftBank Vision Fund. The round comes just six months after the completion of Human Interest’s Series C, bringing the total amount raised over the last 12 months to $305M and valuing the company at $1B.

Globe Newswire

February 11, 2021

Human Interest Completes $105M Series C Following Breakout Year in 2020

Amid record-breaking growth, SMB 401(k) provider Human Interest today announced a hefty $55M capstone to its Series C funding. Led by Glynn Capital, an existing investor, with participation by new investor NewView Capital, the additional financing brings the round to $105M and Human Interest’s total funding to $136.7M.

Globe Newswire

November 19, 2020

Study Reveals What It Means to Feel Financially Well Today

In a national survey, conducted by Human Interest, small business employees reveal what it means to feel financially well today. They are 5x more likely to say that financial wellness is about not feeling stressed about money vs. having a high net worth or high income.

BusinessWire

September 15, 2020

Human Interest Eliminates 401(k) Transaction Fees, Reimagines Retirement Benefits to Support Underserved Workforce

Human Interest continues to redefine retirement benefits by offering small and medium-sized businesses and their more than 60 million employees access to an affordable, easy-to-use 401(k).

PRweb

July 08, 2020

The Magnitude of the Racial Retirement Wealth Gap; How Employers Can Help Close It

Today, Human Interest, the full-service 401(k) provider for SMBs, releases a meta-analysis report on the magnitude of the racial retirement wealth gap, with actionable steps for employers on how to help close it.

Human Interest

May 20, 2020

Human Interest Sees Increased Demand for Retirement Benefits; Raising Capital to Support Growth and Product Development

Human Interest, the affordable, full-service 401(k) provider for small and medium-sized businesses (SMBs), today announces that it is upsizing its Series C financing to $50 million. The company is raising additional capital in response to strong customer demand, even during the COVID-19 crisis.

Cision

May 06, 2020

Wage Gap Worsens Over Time; Women’s Retirement Could Be Even More at Risk According to New Report on SMB Employees’ Retirement

New data examines the 401(k) and 403(b) contribution rates of SMB employees by industry, region, age, gender, and more.

Cision

March 11, 2020

Human Interest on Track to Bring Retirement Benefits to Millions of Americans

With this $40 million C round, Human Interest has raised more capital than any other startup 401(k) provider. With this additional capital, we will continue to focus on making it easier and more affordable for employers to offer this important benefit to their employees.

Cision

August 05, 2019

Human Interest, the Affordable, Automated 401(k) Provider, Raises $15.4 Million Series B Led by USVP

Funding will accelerate the delivery of innovative retirement savings plans to tens of thousands of small and medium-sized businesses across America

Cision

February 07, 2018

Human Interest (Formerly Captain401) raises $11 Million Series A to Serve Small Business 401(k) Market

Financial technology startup Captain401 rebrands to Human Interest as it expands its reach to more small businesses across America

Cision

May 25, 2016

Captain401 Raises $3.5 Million to Make Creating a 401k Easier for Businesses

Investors include Y Combinator, SoftTech VC, SV Angel, CrunchFund, Dave Morin's Slow Ventures, Susa Ventures, FundersClub, Paul Buchheit (creator of Gmail), Justin Kan (co-founder of Twitch), Michael Siebel (co-founder of Twitch), Jared Friedman (co-founder of Scribd), Jacob Gibson (co-founder of Nerdwallet), Greg Brockman (former CTO of Stripe), and Joe Montana (Hall of Fame quarterback).