10+ Human Interest Alternatives and Competitors

Human Interest

Human Interest

8.8 User Rating
$30.9 M Revenue
147+ No of Employees
2015 Founded
SaaS Industry
Benefits Administration Software Category
Roger Lee CEO
Overview

Human Interest is a startup business providing digital 401(k) services. It aims to offer low-cost retirement plans to small and medium-sized businesses. Roger Lee co-founded the company in 2016 and has already raised more than $70 million in funding from well-known Silicon Valley investors such as USVP, Wing VC, and Uncork Capital.

Alternatives

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EverythingBenefits EverythingBenefits 9.4 Rachel Lyubovitzky N/A 2015 N/A 10,000+
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Paycor Benefits Administration Paycor Benefits Administration 9 Raul Villar $99 1990 $300 M
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Gusto Gusto 9 Joshua Reeves $6 2011 $100 M
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BambooHR Benefits Administration BambooHR Benefits Administration 9 Brad Rencher N/A 2008 $100 M
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Namely Namely 9 Larry Dunivan $15 2012 $50 M
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Paylocity Paylocity 8.8 Steven Raymond Beauchamp $2 1997 $300 M
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Human Interest Human Interest 8.8 Roger Lee $4 2015 $30.9 M
147+
San Francisco 3560+ Reviews
N/A

Pricing

Monthly
$120

Key Employees

ImageNameDesignationLinkedin
Carl EdwardsCarl EdwardsVP of Engineeringhttps://www.linkedin.com/in/the-carl-edwards
Michelle KimihiraMichelle KimihiraSenior Director of Revenue Marketinghttps://www.linkedin.com/in/michellekimihira
Steve KrauszSteve KrauszGeneral Partnerhttps://www.linkedin.com/in/stevekrausz

Reviews

“ Easy to set up 401K Plan ”

10/10 (overall) - Dale H
Pros
  • Easy to use Interface: The platform is very easy to use both for administrators and Employees.
  • Integration with our payroll provider: When users make changes to their elections in HI, the changes automatically flow into our payroll platform simplifying our payroll process.
Cons
  • Support: We identified an issue with our configuration that did not match our agreement signed with HI.
  • The issue was limited to the vesting schedule in our platform and it took multiple emails to have the issue addressed by HI.

“ Great Value for Small Business ”

9/10 (overall) - Pam L
Pros
  • Automatic contributions: Contributions are automatically processed each pay period simplifying the process for our payroll team and reducing the potential for errors.
  • Low Cost: The fee structure is very transparent and we were able to craft a plan that kept fees low for our users which was a priority of our organization.
Cons
  • Contributions: We have had periodic issues where a duplicate contribution may be processed by HI.
  • To their credit, they have always fixed these occasional occurrences immediately and proactively.

“ Excellent Solution for Small Business ”

8.5/10 (overall) - Eugene B
Pros
  • Enrollments are automatically processed when a new user is created in our payroll platform saving our HR team time creating new profiles.
  • There is zero paperwork.
Cons
  • There is nothing to dislike here. It’s not as hands-on as other 401K providers might be, but that’s a plus for me.
  • This is not something I want to spend a lot of time on or learn all the financial ins and outs. I just want it to work for me and my employees.

Features

  • Access Control
  • Analytics
  • API
  • Accounting Intergration
  • Agile Software Development
  • Application Integration
  • Assessment Management
  • Assignment Management
  • Automated Billing
  • CRM Integration
  • Campaign Analysis
  • Collaboration Tools
  • Collaborative Workspace
  • Customer Support
  • Security

Images & Videos

Q & A

Q. How much will it cost businesses to avail Human Interests 401(k) and 403(b) services?

It costs $120 per month with an additional $4 per employee for the Essentials plan. The Complete plan includes $150 per month as a base fee and $6 employee. The Concierge package costs $150 per month plus $8 per employee. For further details of the pricing, visit their site.

Q. Does Human Interest offer investment advice?

Yes, it does. It offers automated investment advice based on an employee’s profile and answers to a series of queries regarding their needs and objectives. They have a choice on how to supervise their funds.

Q. Does Human Interest have a free trial period?

Unfortunately, they don’t have a free trial period.

Q. Do employers need to provide an employer match?

No, there’s no need to provide an employer match, although many companies do so as it offers both employee incentives and tax incentives.