BambooHR and Human Interest Expand Partnership to Automate 401(k) Management, Removing the Admin Burden for Better Retirement Accessibility

BambooHR makes retirement plans accessible to growing businesses

DRAPER, Utah, Sept. 09, 2026 (GLOBE NEWSWIRE) -- BambooHR®, the leading People Intelligence Platform for small and mid-sized businesses, today announced the launch of BambooHR 401(k) powered by Human Interest, a retirement plan offering embedded directly into the BambooHR platform. The combined offering helps eliminate friction from the enrollment process and gives small and medium-sized companies an easy way to offer retirement benefits to their employees directly in the HR platform they already know.

Meeting a Growing Need

Half of growing businesses in the United States do not currently offer a retirement plan, according to AARP. At the same time, employee expectations of company-sponsored retirement plans are rising, and more than 20 states have enacted or are phasing in retirement savings mandates. BambooHR partnered with Human Interest to close this Gap — giving growing businesses access to a trusted retirement solution that works with the HR and payroll data they already have.

"Retirement is one of the most requested benefits among employees, and it's a Benefit we want to make more accessible," said Brian Crofts, Chief Product Officer at BambooHR. "Together, we built an embedded 401(k) experience so our customers never have to leave BambooHR to find and set up a plan. Payroll and employee data sync automatically from there, backed by Human Interest's expertise and infrastructure, so growing businesses can finally offer and manage this needed Benefit without adding more work for HR.”

Empowering Employers with a Unique End-To-End Retirement Solution

BambooHR customers can access the new Retirement & Savings Plans area inside BambooHR to learn about their options and Connect Group with Human Interest's guided plan selection experience. Once a plan is purchased, confirmation is returned directly to BambooHR, with payroll data syncing automatically between the two platforms — no manual entry, no disconnected systems. Through the direct integration, BambooHR customers can now seamlessly implement Human Interest’s comprehensive retirement plan solutions.

Key features of the direct integration include:

• Automated Plan Administration: Seamless payroll integration handles contribution processing and employee data syncs automatically, helping eliminate manual entry and reducing administrative overhead.
• Compliance Support: Includes 360° Compliance Monitoring, Form 5500 filing, Audit Relief™ and a Compliance Guarantee for Concierge plans.
• Dedicated Support: Backed by a Customer Experience Guarantee.
• Transparent Pricing: Offers zero transaction fees.
• Easy Employee Onboarding: Provides custom plan design and simple onboarding for employees, including dedicated rollover support.
  

"Human Interest Embedded Retirement was built for exactly this moment — when partners are ready to offer world-class retirement infrastructure without the friction of legacy systems or a thin white-label experience," said Rakesh Mahajan, Chief Revenue Officer, Human Interest. "BambooHR's customers get the simplicity they need enabled by our suite of public APIs."

About BambooHR

BambooHR is a People Intelligence Platform that helps small and mid-sized businesses bring clarity to their workforce and act with confidence. As AI reshapes roles, workflows, and skill requirements, BambooHR enables organizations to understand what matters most and what to do Next by unifying their people data into a complete, connected view. The platform brings together core HR, payroll, benefits administration, and talent management with embedded AI, insights, and workflows to simplify people operations and improve decision-making. With more than 30,000 customers in over 190 countries and over 3 million employee records, BambooHR helps leaders align their people, drive growth, increase efficiency, and stay compliant.

For more information, visit www.bamboohr.com.

About Human Interest

Human Interest is the highest-rated, fastest-growing 401(k) provider in America. Human Interest believes that employers deserve retirement benefits that run themselves, do not put unnecessary liability on the company, and have low and transparent fees. Human Interest has created the retirement platform that delivers these commitments, allowing millions of employees to access retirement benefits for the first time. Human Interest has set the new standard for 401(k), including: eliminating transaction fees, offering a cash-back incentive program for plan participants, and a customer experience guarantee. Founded in 2015 and headquartered in San Francisco, Human Interest has helped provide retirement benefits to employees at nearly 50,000 companies and counting. For more information, please visit humaninterest.com.

CONTACT: Media Contact

BambooHR: bamboohr@methodcommunications.com 

Human Interest: ICR Communications: press@humaninterest.com