Captain401
Finance and crypto
401k retirement plans
SHOW HN2015
How HN took it
8 positive, 24 neutral or asking, 0 mixed, 2 critical, out of 34 comments about the project. Thread score +0.20.
Idea: 3 for, 0 againstPricing: 2 for, 0 againstDesign: 0 for, 1 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Useful for small companies and HR onboarding.
From 2 comments
Could save big companies a lot of time educating their employees about 401k and on-boarding them to the plan. It could actually take away the role of an HR generalist who is…
ashleyw0ng on HNThat's definitely the future. I work for a company whose major goal is to make that job disappear, and do most employee onboarding and other annoying HR documents tasks online,…
jeffasinger on HN
Looks good and is a welcome alternative to legacy 401k providers.
From 2 comments
I always wondered why my brokerage account felt so modern (Wealthfront), but my 401k feels like it's from the stone age. Makes complete sense. Do all employees have to use the…
greattypo on HNAwesome - right now it looks like you are beating the other small business 401k provider that I know of (theonline401k) which i think charges around 525/quarter+4 per employee on…
matttah on HN
Objections
Founders look young and lack financial experience for handling other people's money.
From 2 comments
I have to agree. Why showing the team works for a lot of startups, I don't think it works that well in fintech when dealing with other people's money. Especially when founders…
bosco on HNQuick question: How long do you see yourselves operating Captain401? The photos on the website make you guys look pretty young and if I were an employer I'd be nervous that…
therobot24 on HN
Robo advice guarantees and fiduciary liability questioned.
From 2 comments
As a user receiving advice from your robo advisors, what guarantees do you provide that the advice I receive is sound and that following the advice will result in my retirement…
jsprogrammer on HNHi Roger, some not so easy questions if I may? What does this mean, that the robo advisor is based off of decades of Nobel Prize winning research? Eg - Long Term Capital…
jeffwass on HN
Nobel-winning research is questioned as basis for advice.
From 2 comments
Nobel prize winning academic research is awful in the finance space. It's based on flawed assumptions and it's results are completely useless. Either a) the person claiming this…
boomshucka on HNI agree, most of the time... perhaps start with an understanding of how models break by reading "Black Swan" and "The Misbehaviour of Markets".
icu on HN
Requests
Support individual 401ks for self-employed people.
From 1 comment
Do you plan to support Individual 401ks for self-employed persons?
whisk3rs on HN
Show screenshots of the admin interface.
From 1 comment
Can you share screenshots of what the administration UI looks like?
whisk3rs on HN
Questions
How does it compare to Honest Dollar and Ubiquity?
From 2 comments
This looks really interesting. How does this compare to Honest Dollar (http://www.honestdollar.com/)?
kolencherry on HNHow does this compare to Ubiquity [1] which also seems to target smaller companies with a paperless 401k system? [1] https://www.myubiquity.com/
hmahncke on HN
Which third-party recordkeeper is used?
From 2 comments
So you are both the record keeper and RIA on the plans? Or do you use a third party record keeper?
wj on HNWhat 3rd party recordkeeper are you using? Do you use the recordkeeper's websites or have you built your own?
dp1234 on HN
How much does it cost for employers?
From 1 comment
How much does Captain401 cost for employers?
rhc2104 on HN
Alternatives named
Honest Dollar
From 1 comment
This looks really interesting. How does this compare to Honest Dollar (http://www.honestdollar.com/)?
kolencherry on HN
Ubiquity
From 1 comment
How does this compare to Ubiquity [1] which also seems to target smaller companies with a paperless 401k system? [1] https://www.myubiquity.com/
hmahncke on HN
theonline401k
From 1 comment
Awesome - right now it looks like you are beating the other small business 401k provider that I know of (theonline401k) which i think charges around 525/quarter+4 per employee on…
matttah on HN
Vanguard target retirement funds
From 1 comment
That said, why do you think your robo advisors will be better at this than Vanguard's target retirement funds?
vonmoltke on HN