Basic Capital provides a modern 401(k) platform for private‑company employers, offering over 6,000 investment options—including mutual funds, ETFs, a brokerage window for individual stocks, crypto, and private assets—through a mobile‑first interface. The solution includes real‑time compliance monitoring, in‑app guidance for participants, and optional fully managed services such as recordkeeping, third‑party administration, and advisory oversight, allowing companies to choose a bundled or bring‑your‑own‑advisor model.
Funding
$25M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
6OFFounders
Product
Problem
Many small and fast‑growing companies struggle to offer a competitive 401(k) plan because traditional platforms provide limited investment choices, cumbersome compliance processes, and low employee engagement, leading to suboptimal retirement outcomes.
Solution
Basic Capital delivers a modern 401(k) platform that combines a vast selection of over 6,000 investment options—including mutual funds, ETFs, a brokerage window for self‑directed stock, crypto, and private investments—with a mobile‑first user experience. Real‑time compliance monitoring alerts both employers and employees to potential testing failures, while built‑in guidance helps participants stay on track with contribution limits and tax‑advantaged strategies such as the Mega Backdoor Roth. Employers can opt for a fully managed solution covering recordkeeping, administration, and advisory services, or integrate their own advisors and administrators, providing flexibility to match any organization’s needs.
Target Audience
Primary customers are private‑company employers—especially fast‑growing startups and mid‑size firms—seeking a flexible, compliant 401(k) solution, and their employees who want broader investment options and a modern digital experience.
Features
- Open‑plan architecture offering >6,000 mutual funds, ETFs, and a brokerage window for individual stock, crypto, and private investments
- Mobile‑first interface with intuitive investing workflow and in‑app guidance for participants
- Real‑time compliance dashboard that tracks annual tests and notifies users of potential issues
- Fully bundled services including recordkeeping, third‑party administration (3(16)), and optional 3(21) or 3(38) advisory oversight
- Support for Mega Backdoor Roth contributions with automatic optimization of after‑tax to Roth conversions
- Integration capabilities for payroll providers and external advisors, allowing a bring‑your‑own‑advisor model