ForUsAll: HR Software and Retirement Planning Experience

February 10, 2017
2 min read
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It takes two to tango – or at least tango without messing up employee deferrals and investment elections!

If you look at the makeup of the ForUsAll employee team, you’ll see that a large percent of our team came from two companies: Financial Engines and Zenefits. The former is the largest registered investment advisor in the US, and provides 401(k) advice to Fortune 500 companies. Zenefits is one of the largest HR Software companies, focusing on connecting human resource systems and automating HR tasks.

Merging 401(k) management experience with HR automation expertise

401(k)s are surprisingly complicated benefits to administer. Business executives in charge of their company’s defined contribution plans are often surprised that various aspects of this benefit are regulated by the Department of Labor (DOL), the IRS and the SEC. That’s a lot of governmental oversight! And correct 401(k) administration requires careful attention to payroll systems, recordkeeping systems, plan documentation and more. It’s no wonder that nearly 75% of 401(k) plans audited by the DOL were either fined, received penalties or had to make reimbursements for errors.

Our founders realized that helping small and middle market businesses safely manage their retirement benefits required an intense focus on:

  • Designing the employer and employee experience for success – retirement success and administration ease
  • Connecting systems and focusing on data cleanliness – when we connect our clients’ payroll software to their recordkeeping systems, data integrity is key to ensuring a correct execution
  • Reducing administrative burdens through automation – compliance testing and other traditionally manual tasks can be automated once systems are connected
  • Lower fees – the retirement industry has been over charging employees for years with over-priced, actively managed funds, but the time has come for low-cost, passive funds.

Go beyond a basic 401(k)

Give your employees more than just a 401(k), join the movement.

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David Ramirez - CEO at ForUsAll
Healy Jones

Go beyond a basic 401(k)

Give your employees more than just a 401(k), join the movement.

Happy employees with a 401(k) they deserve offering more choice more growth.
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This material has been prepared for informational and educational purposes only and should not be construed as a recommendation by ForUsAll, Inc., its affiliates or employees (collectively, “ForUsAll”)  to activate a cryptocurrency window or invest in crypto.  Investing in crypto can be risky and investors must be able to afford to lose their entire investment.  You should consult with your own advisers before activating a cryptocurrency window or investing in crypto.  ForUsAll does not provide legal, tax, or accounting advice. Please refer to your Plan's fee disclosure for more details.© 2023 ForUsAll, Inc. All rights reserved.
1 Schwab 2022 401(k) Participant Study - Gen Z/Millenial Focus, October 2022.
2 As of 12/31/2022. Employees include both current employees and terminated participants with a balance.
3 "Morgan Stanley At Work: The Value of a Financial Advisor" Morgan Stanley, March 2022.
4 Sarah Britton was a client when she provided this testimonial through an independent third party review website. She received no compensation for her remarks. There are no known conflicts of interest in the provision of her comments related to the services provided.