All but the smallest private-sector and nonprofit businesses are required to offer employees a retirement savings plan or enroll eligible workers in a state-sponsored Roth Individual Retirement Account (IRA) plan.
Payroll Data Processing has partnered with Human Interest, an affordable and modern retirement service, to help clients to offer a low-touch integrated payroll + 401(k) solution.
Human Interest eliminates the burden of managing a 401(k) plan with automated administration, payroll sync, and record keeping as well as streamlined signup and onboarding for new and existing employees.
They work with over 2,000+ businesses and serve 60,000 plan participants with a 70% participation rate (2x the industry average, 90% with auto-enrollment), and have three transparent pricing options that are less than half the cost of traditional 401(k) providers.