According to a report released by the International Foundation of Employee Benefit Plans, one of the top issues concerning employees is saving for retirement. In a survey, 36% of employers claim their employees are only a little bit or not at all prepared for retirement. Financial stress has direct impact on workplace productivity, so what is a startup or small business to do?
Human Interest, a full-service 401(k) provider, helps startups and small businesses create customizable and affordable 401(k) plans for all employees. And the company just announced a Series B funding round, led by U.S. Venture Partners, as well as existing investors Slow Ventures, Uncork Capital, and Wing VC.
According to a Human Interest review from a user in small business, “Our staff were excited to participate in the program and it's so convenient for our small business. We love how user-friendly it is. It's great to be able to provide this benefit to our growing company to help us maintain a competitive benefits package.”
With this new round of funding, Human Interest is poised to help startups and small businesses create 401(k) plans for the 21% of working Americans who aren't saving any of their annual income, to find the security they are missing.
Courtney is a former G2 senior research analyst for HR technologies, whose coverage areas include recruiting, employee engagement, and talent management. Her comprehensive research on employee engagement and HR trends has been quoted in TechRepublic, among other publications.