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Human Interest
Full-service 401(k) plans for SMBs
- 501-1000 employees
- Fintech
- B2B
- Financial Services
- SaaS
- Social Impact
- 655 Montgomery St, Suite 1800, San Francisco, California 94111, US
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Company mission
Human Interest's mission is to ensure that people in all lines of work have access to retirement benefits.
Otta's take
Sam Franklin
CEO of Otta
Human Interest is a company offering 401(k) for small and medium-sized businesses (SMB). SMBs have historically been unable to afford benefits for employees, leaving around 40 million Americans without a retirement plan. Human Interest is helping to change this with its platform that has eliminated all 401(k) transaction fees.
The company has seen strong adoption from businesses that have not previously had retirement benefits, including construction, retail, and hospitality - making waves in its target market. Its successes so far have allowed Human Interest to sharpen its competitive edge against similar companies such as Guideline.
With a series of substantial funding rounds under its belt, the company is looking to expand its network of integrations and partnerships with financial advisers, benefits brokers, and payroll companies, as well as hiring additional talent across various teams. Human Interest has also stated that it is eyeing a possible IPO for sometime in the near future.
Benefits
- Annual wellness stipend
- Monthly work from home stipend
- Short/Long-term disability and life insurance
- Top-of-the-line health, dental, and vision, with employee premiums fully paid and dependent premiums 50% covered by Human Interest
- An annual membership to One Medical Group, with membership fees paid by Human Interest
- Dollar-for-dollar match of employee donations to nonprofit 501(c)(3) organizations, up to $1,000 per year
- A great 401(k) plan: our own! Our 401(k) includes a dollar-for-dollar employer match up to 4% of compensation
- Stock options for every employee
- Generous FTO (exempt) and PTO (non-exempt) policies
- HSA or FSA offering with an annual employer contribution
- Generous parental leave policy
- Comprehensive training and professional development via Beacon U plus an annual education stipend
Company values
- Customer obsession: We start with customer outcomes and work backward to define the work required to achieve them.
- Long-term orientation: We make decisions that maximize outcomes over a long timeframe. We do not make short-term optimizations that come at the cost of the long-term outcomes we aim to achieve.
- Autonomous and accountable: We are transparent about expectations, take responsibility, and hold each other accountable.
- An escalating bar for talent and performance: We strive to continually raise the bar for talent at our company. We do not tolerate average performance.
- Fundamental optimism: We are fundamentally optimistic people. We acknowledge problems and challenges, but then move on to find ways to deliver for our customers, despite these challenges.
Funding (last 2 of 7 rounds)
Aug 2021
$200m
SERIES D
Feb 2021
$55m
SERIES C
$334.9m
Total funding
This company has top investors
Founders
Roger Lee
(Board Director)Co-founder and CEO at Comprehensive. Studied Applied Mathematics at Harvard. Also co-founded Sub Profile and Thunder.
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