That means that businesses who use Zenefits’ payroll software will be able to offer a Human Interest 401(k) or 403(b) to their employees without any manual work that’s involved in managing a company’s retirement plan, such as updating contributions amounts, sending out compliance notifications, etc.

If you're a non-profit wondering which option is best for you, check out Human Interest's blog article reviewing the differences between these two retirement plans.

https://humaninterest.com/learn/articles/403b-compared-to-401k-retirement-plans-for-non-profits/

Employer pricing for Human Interest plans starts at $120 per month base fee + $4 per employee per month.

If you're starting a plan for the first time, you may qualify for tax credits.

If you already have a plan, talk to us so we can help you see if you qualify to save money on a deconversion fee.

Businesses starting a 401(k) or other retirement plan may be eligible for tax credits including:

1) The Retirement Plans Startup Costs Tax Credit, which allows eligible employers to claim 50% of their ordinary and necessary startup costs up to $5,000 per year for up to three years. Employers may choose to start claiming the credit in the tax year before the tax year in which the plan becomes effective. Expenses incurred by employers to educate employees about the plan are also eligible.

2) There is a tax credit for new and existing 401(k) plans when they add an auto-enroll feature. The value of that tax credit is $500 per year for three years (a total of $1,500).

Outside of the tax deductions given to employers for making contributions to their employees’ retirement accounts, the employer match is a powerful recruiting tool to attract top talent.

No, employers are not required to provide a match, though many do! 75% of all Human Interest plans offer an employer match (as of 1/3/22, Human Interest data). Matching can be a powerful incentive for both hiring and retaining talented employees and there are major tax incentives for employers that offer a match.

Many states have passed legislation regarding retirement plans—and have upcoming registration deadlines. It’s more important than ever to figure out what’s required of your business, as well as to find the best retirement plan for you and your employees.

Since 2012, 46 states have either implemented a state-based retirement savings program, studied program options, or considered legislation. Today, there are 14 states and two cities that have enacted new programs for private sector workers. Of that number, five states have an active program.

If you work or have full time employees in California, Illinois, New Jersey, New York, or Oregon, there is active legislation and states with upcoming deadlines.

Learn more here https://humaninterest.com/learn/articles/what-is-a-state-sponsored-retirement-plan/

To set up the Human Interest integration, click Add an App at the bottom of your Zenefits dashboard. You'll be taken to the Human Interest site to either set up a new account, or log into an existing account.
Note: this option isn't available for all companies, so if you don't see the app, reach out to our support team for more information.

Once you're all set up with your Human Interest account, you can use the Sync with Zenefits button to push information over to Zenefits. Zenefits will present a list of all the information shared with Human Interest for you to authorize.

After you set up contributions in your Human Interest account, these will flow into worker Pay Templates in Zenefits Payroll. Anytime you need to change a deduction or contribution, this should be done directly in your Human Interest account.