Finch provides an AI‑powered 401(k) platform tailored for small businesses, enabling plans to be set up in minutes and fully automating compliance and payroll integration with over 250 providers. The service offers transparent AUM‑based pricing, continuous compliance monitoring via a Drools rules engine, and real‑time contribution tracking, eliminating the average 80 hours a year small firms spend on retirement administration.
Funding
Funding not disclosed
Founders
Product
Problem
Small businesses spend around 80 hours each year managing 401(k) administration, face opaque fee structures that erode employee savings, and risk costly compliance penalties due to complex testing and reporting requirements.
Solution
Finch provides an AI‑driven 401(k) platform that lets small employers set up a qualified retirement plan in under five minutes. The system connects to more than 250 payroll providers and uses a Drools business‑rules engine to calculate contributions automatically. Continuous compliance monitoring runs against IRS and DOL regulations, generating required reports and alerts without manual effort. Transparent asset‑under‑management fees are disclosed up front and are positioned below industry averages, helping employees retain more of their savings. The platform also assists employers in claiming Secure 2.0 tax credits, maximizing available incentives.
Target Audience
Finch targets small businesses and solopreneurs that need an affordable, low‑maintenance retirement benefit for their employees.
Features
- One‑click plan creation with full setup completed in under 5 minutes
- Integration with 250+ payroll providers for automatic contribution syncing
- Drools rules engine that automates contribution calculations and reprocesses failures
- Real‑time compliance dashboard covering ADP, ACP, Top‑Heavy, and 410(b) tests
- One‑click generation of Form 5500, annual reports, and participant rosters
- Transparent AUM‑based pricing with no hidden fees
- Built‑in guidance for maximizing Secure 2.0 tax credits up to $5,000 per year