Companies
/
Human Interest
Fintech
Human Interest is a San Francisco-based fintech company providing affordable, easy-to-administer 401(k) retirement plans designed specifically for small and mid-sized businesses.
Create an account to view live offerings, pricing, and market activity.
Sign in to view offerings and live market activity.
Human Interest was founded in 2015 by Roger Lee and Jeff Schneble, based on a similar observation to several other companies in the small business retirement plan category: that small and mid-sized businesses have historically been much less likely than large companies to offer employees a retirement savings plan, largely because traditional 401(k) providers have often layered significant fees and administrative complexity that make offering a retirement plan economically and operationally impractical for smaller businesses without dedicated benefits administration staff, a gap that has become increasingly important to address as more U.S. states pass laws requiring employers to offer retirement savings options. Human Interest's platform provides a fully digital, lower-cost 401(k) plan specifically designed for small and mid-sized businesses, automating much of the plan administration, compliance testing, and payroll integration work that has traditionally required either significant internal administrative burden or expensive third-party administrator fees under legacy retirement plan providers, letting small business owners offer a genuine retirement benefit without the cost structure and complexity that has historically discouraged many smaller employers from doing so. The company integrates directly with a business's existing payroll system to automate contribution processing and compliance testing, and provides straightforward, transparent fee structures intended to be significantly more affordable than many traditional retirement plan providers, whose fee structures have sometimes been criticized as overly complex and layered with costs that can meaningfully erode retirement savings growth over time, particularly for smaller plans and account balances. Human Interest's customers span small and mid-sized businesses across many industries, including a significant number of businesses newly required to offer retirement benefits under state-level retirement savings mandates that have proliferated across a growing number of U.S. states. The company has raised very substantial venture funding from investors including SoftBank Vision Fund, TPG, and BlackRock, reaching a valuation exceeding $1.3 billion, competing directly with Guideline in the small business 401(k) category.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
