Penelope | Retirement Platform | SME | Enterprise
Penelope’s technology retirement platform for micro and small enterprises uses a subscription model to automate employee investment, minimize costs and paperwork, give realistic savings tools for employees, and provide the option of Pooled Employer Plans (PEP), standard 401(k)s, and Solo 401(k)s. Small businesses can use Penelope to comply with state rules requiring organizations with more than five employees to provide eligible retirement plans.
Jean Smart is the company’s CEO and Founder.
Features
- Administration
They propose the Pooled Employer Plan (PEP), standard 401(k), or Solo 401(k) that best meets the needs of small businesses (k). - Plan Management
An easy dashboard allows you to manage your personnel roster and contributions. - Custody
Benefit Trust Company, a non-depository trust, has chosen State Street Bank as the custodian for all of your money and assets. - Security
The secure dashboard allows you to access your information from anywhere, safely. - Support
Penelope is intended to be easy and intuitive. From a single dashboard, you can manage your plan and get help. - Contribution
At any moment, you can increase or decrease your pre-tax and Roth contributions. - Investment
To make investing easier for you, they picked Vanguard‘s best-in-class funds.
In short, Penelope is the retirement platform to look out for small businesses.
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