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Human Interest in the news.

Press Contact

Erin McInrue Savage

[email protected]

Press releases

SWNS Digital

November 01, 2022

How Have Workers Changed Their Attitudes About The Retirement Experience?

A new poll of 2,002 U.S. adults ages 35–70 discovered the pandemic has had far-reaching effects on how employees are planning both their retirement and “pretirement” – a new life stage serving as a transition period between full-time work and retirement.

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.

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.

SWNS Digital

April 13, 2022

Some workers​​ think they won't have enough money to last the rest of their life

You don’t need an office job to start saving for retirement, but a whopping nine in 10 industrial workers still think they do. 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.

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.

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).

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Media coverage

Fast Company

November 04, 2022

Not Sure About Retiring? Maybe You Should Try ‘Pretirement’

What do Serena Williams, Trevor Noah, and Dr. Anthony Fauci have in common? They all decided to “retire” from successful careers. Another thing they have in common? They’re not ready to hang it up just yet ...

The New York Post

November 02, 2022

How Workers Have Changed Their Attitudes About Retirement

Small and medium-sized business (SMB) employees were more affected by the pandemic than those working for large companies — 72% of those working at organizations with 250 to 499 employees said they will retire later than planned, 35 points higher than those working at large companies (1,000 employees or more).

Market Watch

November 01, 2022

COVID-19 Gave People A ‘Revelation’ About Retirement

“With the pandemic’s aftereffects and ongoing inflation, people have had a revelation about retirement,” said Eric Phillips, senior director, partnerships and strategic insights at Human Interest. “The pandemic changed so much about retirement. It forced us to re-evaluate our lives and futures.”

Wealth Management

October 17, 2022

'The Innovator’s Dilemma:' A Roadmap to Survive Disruption in the 401(k) Space

Vestwell seeks to partner with broker/dealers like Morgan Stanley and record-keepers that sell through advisors. Others, like Human Interest, with 100 recently hired salespeople and rumored to be partnering with Amazon’s distribution network, are for real.

Bankrate

October 13, 2022

How To Protect Your 401(k) From A Market Crash

You’ve spent much of your entire working life building up your 401(k) and then along comes a severe market downturn to threaten your retirement plans – what can you do to ensure that your portfolio stays protected?

The Business Journals

October 07, 2022

Should Remote Workers Be Paid Less Than Those In The Office? Experts Weigh In.

Remote work has eliminated some of the geographic barriers that dictated pay in the pre-Covid-19 era. Now, many companies are wrestling with how to determine pay for remote workers. Experts say there are several best practices.

AOL NEWS

September 14, 2022

6 Budgeting Tips Every Retiree Needs to Know

Budgeting doesn't end when you enter into retirement. The length of retirement is unknown and it's critical that retirees do not run out of money in their later years. 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.

GOBankingRates

August 31, 2022

4 Reasons You Should Consider Taking a Sabbatical Before Retiring for Good

Taking an extended work break can actually benefit you when you return to your job. Kristina Wallender, chief experience officer at Human Interest, a 401(k) provider, has taken a sabbatical every six years and said it has helped her in her career. “I set out to focus my first sabbatical on non-career goals like travel,” she said. “What surprised me were the many unanticipated professional benefits."

World At Work

August 15, 2022

Location, Location, Location: The State of Geographic Pay Differentials

Determining how to handle geographic pay differentials isn’t a new challenge for employers. But it’s fair to say that it’s become a bigger concern for many employers since the arrival of the coronavirus and the overnight explosion of remote work that came with it. Debbie Gunning, Human Interest’s vice president of talent three years ago, today, Gunning is one of more than 600 Human Interest team members. About 200 of these employees still call Human Interest’s Golden City headquarters home, with the rest working remotely throughout more than 40 U.S. states.

Yahoo! News

August 11, 2022

How To Recession-Proof Your 401(k), According To Experts

“In the short-term, your portfolio could continue to drop in value,” said Eric Phillips, a CFA and senior director of partnerships and strategic insights at Human Interest. “But what you’re really doing is taking advantage of ‘dollar-cost averaging,’ a strategy intended to help investors grapple with changing stock prices and volatile markets.”

Fiduciary News

August 09, 2022

7 Common 401k Mistakes It’s Hard To Convince Plan Sponsors Are Really Mistakes

“We find a common mistake plan sponsors often make is not adopting a Safe Harbor Plan, when it would be most beneficial for them to do so,” says Eric Phillips, Senior Director of Financial Partnerships & Strategic Insights at Human Interest in San Francisco. “It can be ..."

Forbes

August 01, 2022

Can You Avoid These 5 Hard-To-Break Bad 401(k) Habits?

“Once participants choose to use their 401(k), it can be hard to convince those who are currently not maxing out their 401(k) every year to change this pattern if they can afford to do so,” says Eric Phillips, Senior Director of Financial Partnerships & Strategic Insights at Human Interest in San Francisco. “The most common way this mistake happens is a participant has simply set their contribution percentage too low and forgets to change it later or throughout the year.”

Built In SF

July 21, 2022

Among Giants: These San Francisco Tech Companies Are Growing Quickly

Human Interest, Reddit, Ascend, Instawork and CodeSignal share why they’re hiring — and what sets their companies apart. Human Interest is a fintech company that aims to close the retirement savings gap in America. Human Interest is by Silicon Valley investors like NewView Capital, U.S. Venture Partners, Glynn Capital, Oberndorf Enterprises and Uncork Capital among others. VP of People Debbie Gunning spoke to the impact of Human Interest’s work — and how it affects its search for talent.

Sound Dollar

June 24, 2022

Protecting Your 401(k) During a Recession

For many people, their workplace 401(k) is their first exposure to investing. And when you start contributing money to your 401(k)—and, if you’re lucky, your employer starts contributing—it can be exciting to see your balance grow. But if you’ve lived through a recession as an investor, you know that account balances also go down.

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.

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.

Company News

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November 01, 2022

How Have Workers Changed Their Attitudes About The Retirement Experience?

A new poll of 2,002 U.S. adults ages 35–70 discovered the pandemic has had far-reaching effects on how employees are planning both their retirement and “pretirement” – a new life stage serving as a transition period between full-time work and retirement.

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September 23, 2022

Custodian transfer FAQs

A custodian is a financial institution such as a bank or a trust company that holds plan assets and executes trades, as directed by the recordkeeper. 

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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.

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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.

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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.

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December 21, 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.

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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.

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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.

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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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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.

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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

Recordkeeping transition FAQs

New updates will ease the administration of your retirement 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