Announcing our partnership with Guideline to simplify retirement planning

Today, we’re excited to announce a new partnership with Guideline, which will extend an array of retirement planning options to our partners. 

Only 10 percent of small businesses currently offer retirement benefits to their employees, and about 58 million working-age Americans have zero retirement savings. The number is more concerning among younger workers, about 50 percent of whom have no savings. 

We’ve long championed a tailored, holistic approach to making paying people simple. We believe our partners’ proximity to and relationship with their customers is what makes the difference between off-the-shelf payroll options and those that sweat the details. For employees, payroll and benefits like 401(k) plans are part of their overall compensation package. So it felt only natural to integrate retirement planning options into our platform — reflecting all the ways businesses pay their teams. 

“We’re thrilled to partner with Check to integrate our retirement plans into their payroll offering,” said Kevin Busque, co-founder and CEO of Guideline. “At Guideline, we aim to take the complexity and doubt out of retirement planning to empower people to invest in their financial future with confidence. Adding Check’s cohort to our network brings us closer to that goal as we make it even easier and convenient for more businesses to strengthen their benefits programs.”

In fact, Guideline’s data has shown that employee participation in retirement planning is higher when integrated with payroll. Now, all Check partners will have the ability to easily incorporate 401(k) plans into their payroll platform, effectively expanding the opportunity to build a retirement fund for millions of workers. 

It also brings full circle our commitment to helping our partners offer true one-stop shops for their small business customers, joining our benefits and workers’ comp solutions. Last year, we announced our benefits integration through SimplyInsured, the online platform for small business health insurance plans. By leveraging our new SimplyInsured Component, platforms like Dripos have been able to launch small group health insurance 75% faster than building independently. And we also recently announced a partnership with NEXT Insurance, which extends fast, flexible workers’ comp insurance offerings to our partners. Unlike traditional workers’ comp billing, which requires businesses to pay a large, estimated annual premium up-front when they purchase their policy, our integrated approach enables an easy pay-as-you-go model — systematically calculates premiums using actual payroll data, every pay cycle.

To learn more about our integrations, reach out here.