benefitgoal

BenefitGoal is a financial technology company that specializes in providing retirement plan solutions for small businesses and their employees. Founded in 2014, the company aims to simplify the process of setting up and managing retirement savings plans, particularly 401(k) and 403(b) accounts. By leveraging technology, BenefitGoal offers automated tools and personalized guidance to help businesses and individuals make informed financial decisions.

The platform allows employers to establish retirement plans with minimal administrative effort, often in as little as 15 minutes. BenefitGoal partners with major financial institutions to provide investment options, including target-date funds, mutual funds, and other retirement-focused assets. The company also emphasizes education, offering resources such as webinars, articles, and one-on-one consultations to help participants understand retirement planning basics.

BenefitGoal operates on a subscription-based model, charging employers a flat fee for setup and ongoing administrative services. This approach contrasts with traditional 401(k) providers, which may charge per-participant fees or complex fee structures. The company targets small businesses, freelancers, and nonprofits that may lack the resources to manage traditional retirement plans independently.

In addition to its core services, BenefitGoal integrates with payroll providers and accounting software, ensuring seamless compatibility with existing business operations. The company has received recognition for its innovative approach to retirement planning, particularly for its focus on accessibility and affordability. As of recent years, BenefitGoal has expanded its offerings to include Roth 401(k) options and other tax-advantaged accounts, further broadening its appeal to a diverse range of clients.

BenefitGoal operates in the United States and adheres to federal retirement plan regulations, including ERISA (Employee Retirement Income Security Act) compliance. The company’s mission is to democratize retirement savings by making professional-grade retirement planning accessible to small businesses and their employees.