App Academy Article Images - Human Interest
At the post Intuit Connect App Academy, Human Interest presented an impactful session on how their retirement solutions simplify 401(k) and 403(b) plans for small and medium-sized businesses. Aaron Wilson, Head of Partnerships, shared how Human Interest addresses a crucial gap: affordable, automated retirement plans for businesses that traditionally lack access to them.
Why Human Interest?
With 63% of Americans not adequately prepared for retirement, accessible retirement plans are essential. Human Interest’s platform aims to change the landscape by providing retirement benefits tailored to small businesses with limited resources. Here’s what makes Human Interest stand out:
Seamless Payroll Integration: Connects with over 500 payroll providers, including QuickBooks Online Payroll, eliminating manual processes.
Automatic Compliance: Keeps companies compliant with the latest state and federal retirement mandates, helping them avoid penalties and ensuring that employees meet eligibility requirements.
Employee-Friendly Experience: A user-friendly interface guides employees through enrollment, provides investment recommendations, and simplifies contribution adjustments.
Federal Tax Credits: The SECURE Act offers tax credits to cover up to 100% of retirement plan costs for small businesses with up to 50 employees.
No Hidden Fees: No transactional fees for services like loans or transfers, along with additional protections such as a Department of Labor (DOL) audit defense of up to $25,000.
Benefits for Small Businesses
Human Interest’s retirement platform reduces the administrative burden on small business owners, making it easy to offer valuable benefits that boost employee morale and retention. Highlights include:
Reduced Manual Work: Payroll integrations streamline onboarding, contributions, and eligibility monitoring.
Increased Participation: The platform’s intuitive process has led to an above-average participation rate of 75% among Human Interest clients.
Comprehensive Compliance Support: Features like automatic form 5500 filing, fiduciary protection, and built-in compliance checks give business owners peace of mind.
Ready to Explore?
Human Interest’s presentation at the post Intuit Connect App Academy is a must-watch for business owners and accountants looking to offer retirement solutions without the complexity.
Watch the Replay and see how Human Interest can help businesses of all sizes provide secure retirement benefits efficiently and affordably.
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