Company Research Report: Human Interest, Inc.

Company Overview

• Name: Human Interest, Inc.

• Mission: Human Interest aims to make it easy and affordable for small and medium-sized businesses to help their employees save for retirement.

• Founded: No information is available.

• Founders: No information is available.

• Key People: No information is available.

• Headquarters: 655 Montgomery Street, Suite 1800, San Francisco, California 94111

• Number of Employees: No information is available.

• Revenue: No information is available.

• Company Reputation: Human Interest is known for being an affordable, full-service 401(k) and 403(b) provider that caters to small and medium-sized businesses, assisting them in facilitating employee retirement investments.

Products

Retirement Solutions

1. 401(k) Plans

• A customizable, affordable plan providing small businesses with comprehensive support, automated plan administration, and transparent pricing without transaction fees.

• Key Features:

• Seamless payroll integrations with 500+ leading payroll systems.

• Automated salary deferrals and personalized onboarding for employees.

• Regulatory support including IRS testing and Form 5500 filing.

• Transparent monthly pricing of $120 base fee plus $5 per eligible employee.

2. 403(b) Plans

• Tailored retirement plans specifically designed for tax-exempt organizations with full-service capabilities.

• Key Features:

• Zero transaction fees with transparent pricing.

• Supports compliance with regulatory requirements.

3. IRA (Individual Retirement Accounts)

• Provides personal accounts with easy 401(k) rollovers in minutes and emphasizes cost-effective management with no transaction fees.

• Key Features:

• Easy account setup and management.

• Option to roll over 401(k) accounts.

4. Safe Harbor Plans

• Designed to improve employee engagement by offering employer matching contributions, thus benefiting both employers and employees in retirement savings.

Additional Services

• K(ickstart™) Program:

• Participants can earn a 3% cash back incentive if they contribute a specific percentage of their paycheck to their plan, encouraging higher savings rates.

• Plan Cost Calculator:

• Online tool allowing businesses to calculate the cost of their retirement plans considering potential tax credits.

Recent Developments

• Partnerships: Human Interest maintains integrations with 500+ payroll systems, including leaders like Gusto, QuickBooks Online, and BambooHR, positioning itself as an industry leader in payroll integration for retirement plans.

• Product Enhancements: Continuous expansion of its feature set, including an easy-to-navigate dashboard for employees, automated salary deferrals, and built-in educational resources to maximize plan usage.

• Community Impact: The company supports various industries, such as startups, franchises, nonprofits, and more, by offering retirement plans designed to meet the unique needs of different businesses.

Conclusion

Human Interest, Inc. stands out as an innovative provider in the retirement plan industry, particularly for small and medium-sized businesses, through its comprehensive, customizable solutions, competitive pricing, and commitment to ease of use for both employers and employees.