Human Interest in the news.

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Erin McInrue Savage

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Media coverage

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.


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.

Money Savage

January 12, 2021

Financial Wellness with Diana Torzewski

On this show, we talked about the current state of financial wellness for Americans, the five key areas that are top of mind, and how to reach financial independence with Diana Torzewski, CFP and product manager at Human Interest.


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.”

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.


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.


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.

Pensions & Investments

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.

401k Specialist

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.


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.

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.

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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.


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).


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.


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.


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.


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


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


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).