pressroom

Human Interest in the news.

Press Contact

Erin McInrue Savage

[email protected]

Media coverage

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.

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

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.

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.

September 15, 2020

Record Keeper Human Interest Says Goodbye to Fees

The robo recordkeeper, which was founded in 2015 and provides services to small-employer 401(k) plans, eliminated more than 20 fees, including all distribution fees, rollover fees, and other fees.

June 05, 2020

The Wage Gap Persists Into Retirement

After 40 years in which a man and woman earned the average salary for their gender, the man would end up with a 401(k) balance that could generate a $2,200-a-month lifetime payout, but the woman would get only $1,500 a month.

June 04, 2020

6 Things About Virtual Onboarding That Worry New Hires

Onboarding is a process that can take weeks if not months. Debbie Gunning, head of talent at financial firm Human Interest, said her company used to fly every employee—even those who would work remotely—to its San Francisco headquarters for a week of onboarding. It had to reimagine that process when everything went remote.

May 20, 2020

Startup 401k Provider Growing in Spite of COVID-19 Pandemic

“The pandemic is causing many of us to re-examine our finances, including ensuring a way to invest for our future. That’s why, even in the past few months, we’re seeing that employers are still rolling out new retirement plans and employees are still saving,” said Jeff Schneble, CEO.

May 08, 2020

The Coronavirus Is Adding to U.S. Economic Inequality

We talk a lot about the fact that a woman typically earns 80 cents for every dollar a man earns. In retirement, that 20-cent differential is magnified.

April 04, 2020

The Coronavirus Stimulus Package Raised 401(k) Distribution and Loan Limits. But Which — if any— Should You Take?

Under the CARES Act, workers can take a loan for up to $100,000 or 100% of the vested account balance, whichever is less, for the next six months.

CNBC

March 11, 2020

Dow Closes in a Bear Market for the First Time Since 2009—Here’s What that Means

The Dow closed down over 1,400 points Wednesday, ending its historic bull market run and entering bear market territory as the coronavirus was officially named a pandemic by the World Health Organization. Here’s what you need to know.

Crunchbase

March 11, 2020

Human Interest Raises $40M Series C To Close Retirement Savings Gap for SMBs

But when it comes to small and medium-sized businesses (SMBs), it’s not always as easy to offer 401(k)s as a benefit. And owners of those businesses often struggle with being able to save for retirement themselves. A startup out to change that has just raised a new round of funding to help it advance on its goal.

Fiduciary News

March 10, 2020

401k Plan Sponsors Fiduciary Duty in Light of Coronavirus Fear

Realize that short term events and market turmoil are with us to stay and remember to keep any money you need in the next five years out of the stock markets. Is your 401k holding money you’ll need in the next five years? Probably not.

The Street

March 06, 2020

Wall Street Experts: Retirement-Minded Investors Should Be Cautious With Fed Rate Cuts

Even with a steep rate cut, it pays to be prudent in rocky markets, if you are a retirement investor.

HR Technologist

December 16, 2019

Majority of Millennial, Blue Collar and SMB Employees Save for Retirement, Reveals Human Interest

New data from Human Interest shows 65-90 percent of employees at small and medium-sized businesses consistently participate in an offered 401(k) plan, across geographies, industries, and ages

Forbes

November 20, 2019

How To Avoid What 401(k) Plan Sponsors Fear Most About Investment Policy Statements

The 401(k) plan stands as among the most widely known and used corporate retirement plans. While your employees might find them attractive, as a plan sponsor, they do pose several challenges.

As seen in

The New York Times
Fortune
Forbes
The Wall Street Journal
Investment News
TechCrunch
PlanAdviser
HR

Press releases

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).

Cision PR web

May 19, 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).