Penelope

At Penelope, we believe building wealth for retirement should be easy and accessible. For everyone. That's why we've streamlined 401(k) plans to make them simple, affordable, and easy to manage for employers of any size and the benefits administrators that serve them. With our turnkey 401(k) plans, employers can set up a retirement benefits program in under 15 minutes. We don't charge expensive asset-based fees, which allows employees to save even more for retirement. Our best-in-class technology, reporting, and recordkeeping removes much of the hassle and admin duties that once made it difficult for employers and benefit administrators to offer retirement services for small businesses. We wanted to see change, so we decided to create it. We're building the retirement solution we want for our parents, our children, and ourselves—and we're making it available to everyone.