GoKawiilHuman Interest CEO Jeff Schneble talks about the future of retirement savings, and why he left venture capital to run this fast-growing digital 401(k) provider. The business of retirement savings has been going through some major changes lately. Financial services companies are seeking to grow the pie aggressively by getting more employees to invest in 401(k) plans and similar savings accounts. At the same time, more people are living longer in retirement, which is good for, well, people, but does mean their retirement savings must stretch further. Meanwhile, the population is aging, which threatens to deplete public sector retirement programs like Social Security. But then the Trump administration is touting new savings accounts for kids.
If your business doesn’t offer workers a 401(k) plan, maybe now is the time
Why This Matters
Retirement savings is becoming a growth market, and digital-first providers like Human Interest are pushing to bring 401(k) plans to small businesses that historically skipped them. That matters because plan access is a key lever for employee recruiting and retention, and because longer lifespans plus strain on public programs like Social Security shift more of the burden onto private savings.
Key Takeaways
- Fintech providers are competing to expand 401(k) coverage, especially among employers that don't currently offer plans.
- Longer retirements and an aging population mean savings must stretch further as public programs face pressure.
- Policy moves, including the Trump administration's promotion of savings accounts for children, are reshaping the retirement savings landscape.
Worth a Look
The Simple Path to Wealth by JL Collins — If the 401(k) talk has you thinking about your own retirement setup, JL Collins' classic lays out index-fund investing, employer plans and withdrawal strategy in plain language. It's a great companion for anyone deciding how to make savings stretch across a longer retirement.
See The Simple Path to Wealth by JL Collins on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Get alerts for these topics