As of May 2026, there are 7 SaaS companies in 401(k) Software. They have combined revenues of $109.9M and employ 1K people. They have raised $1.2B and serve 9.9K customers combined.
401(k) Software is designed to manage and administer retirement savings plans in the United States, specifically 401(k) plans. These software solutions streamline various essential processes, such as plan enrollment, contribution management, compliance tracking, and employee reporting. They facilitate ease of use for employers, HR departments, and plan sponsors, ensuring that retirement plans operate smoothly and efficiently.
Typically, 401(k) Software features include automated payroll deductions, investment management tools, and comprehensive reporting functionalities. Such software is often used by HR professionals, financial advisors, and plan administrators to enhance plan visibility and employee engagement regarding retirement benefits. Additionally, modern 401(k) Software often incorporates compliance features to help organizations adhere to regulatory requirements effectively.
Ultimately, the main goal of 401(k) Software is to simplify retirement plan management while promoting employee savings. With the right tool, organizations can better support their workforce's future financial security, thereby attracting and retaining talent in a competitive market.
Stax.ai is the AI operating system that automates retirement plan administration for maximum efficiency and growth, empowering retirement plan Third-Party Administrators (TPAs) with AI-driven automation.
Revenue
$5M
Customers
-
Year founded
2019
Funding
-
Team size
31
Growth
-
Inclusion Criteria
- Must support the management and administration of 401(k) retirement plans.
- Should include payroll integration for automated contribution processing.
- Must offer compliance tracking to ensure adherence to regulatory standards.
- Should provide reporting capabilities for employees and plan sponsors.
- Not just for recordkeeping; must also facilitate employee engagement and education about retirement savings.
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