Capitalize for employers
Save your company money, reduce legal risk, and help departing employees take control of their retirement savings—all for free.
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Help employees transition off your 401k plan easily
We’re a free, independent platform that helps employees move their 401k account when they leave your company. We help them rollover (transfer) their assets to an individual retirement account (IRA) at leading financial institutions like Vanguard, Fidelity, Betterment, and others. By making these transfers easy we empower employees to keep saving for retirement in a tax-effective, low-fee way. This helps them preserve the 401k benefits you generously set them up with.
We're free and easy to use - no contracts, set-up in minutes.
We don’t charge you or your employees anything to use. And there’s no contractual commitments. There’s several ways you can use us in your offboarding process and it can take just minutes.
Save your company money
Employees who keep their 401k accounts with you cost you money. Most 401k providers typically charge you a fee for each participant in your plan, and that includes former employees who kept their accounts. You could be spending thousands of dollars providing a benefit to those who no longer work for you. We save you money by transitioning these employees into IRAs when they leave.
Reduce the risk of future lawsuits
Under federal law, you owe a broad, fiduciary legal duty to your 401k participants. This includes former employees who keep a 401k account with you. Participants can file lawsuits against you on several grounds, including if they think their fees are too high or investment options were poor. Unfortunately lawsuits are a real risk (“401k lawsuits are surging”). Former employees who keep their 401k account are eligible to file these lawsuits. Helping them transfer their 401k when leaving reduces your legal risks.
We're a mission-driven finance company
We started Capitalize to help people save for retirement. We believe in helping savers find low-fee accounts that are easy to use with investments that are easy to understand. Deciding what to do with a 401k when changing a job is a tricky process, and employees can often pay taxes and penalties if they make the wrong decision. This undermines the benefit of their 401k in the first place. We’re trying to stop that from happening, and also help employers save money to reinvest in future benefits.
Not sure where your old 401k is? We can help with that.
Don’t lose track of your money. We’ll help you choose a new retirement account, and handle the paperwork, for free.