Global HR Platform Deel Launches Integrated US 401(k) Offering with Human Interest, Basic Capital
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"Deel Retirement" embeds enrollment, contributions and reconciliation directly into the platform, aiming to eliminate the administrative friction of connecting payroll with retirement plan providers Global payroll and HR platform Deel today announced the creation of Deel Retirement, bringing retirement plan enrollment, contributions, and reconciliation directly inside the Deel platform. The first phase of the launch goes live in the US, in partnership with Human Interest and Basic Capital, with a UK rollout to follow in the coming months. The new offering is meant to save employers the manual admin of syncing payroll and retirement, and gives employees a place to enroll, invest, and track savings alongside their pay. "Human Interest and Basic Capital both offer API-first platforms, which is what makes deep, native integration possible." "The retirement industry has operated on a broken model for decades: payroll, retirement, and benefits as disconnected systems that make it nearly impossible for workers to see what they've earned or plan around it. At Deel, our goal is to dismantle those silos," said Nick Thomson, General Manager of Deel Benefits. "Human Interest and Basic Capital both offer API-first platforms, which is what makes deep, native integration possible. A benefit workers once set and forgot about, now becomes something they can see, adjust, and plan around in...
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