Human Interest and BlackRock announced the firms will join efforts to expand access to retirement plans to small and medium-sized businesses across the United States. BlackRock Inc. is making a minority investment and leading a financing round to support the next phase of Human Interest's growth. According to the AARP, approximately 57 million people—nearly half of all employees ages 18-64 in the private sector—do not have access to an employer-provided pension or retirement savings plan.

This lack of access skews heavily to small and medium businesses that do not offer retirement plans due to high costs, complexity, and administrative burden. Human Interest is tackling this problem using technology to make setting up and administering a retirement plan easy and affordable for businesses of all sizes. Human Interest was named a Leader in the 401(k)-software category by G2.2 Human Interest has seen over 400% growth in the number of customers and revenue since the initial closing of the company's last announced financing in 2021.

BlackRock's investment will help the business continue to enhance its technology platform capabilities and mature its operational processes and infrastructure. In addition, BlackRock will share its experience and expertise to help Human Interest fulfill its important mission.