401(k) Meets A.I.: The 401(k) Plan Company Announces Strategic Investment in Unanimous A.I.

CFOs, Human Resources Departments, and 401(k) Plan Participants Gain New Tool

The 401(k) Plan Company, “America’s first and only 401(k) built with end-to-end logic for employers and employees,” announced a minority investment in Unanimous A.I. to elevate human decision making in the workplace for HR partners, CFOs and plan participants.

Under terms of the deal, The 401(k) Plan Company will make Unanimous’ capabilities available to employers seeking to evolve through the remote workforce considerations, empowering teams to make significantly better decisions.

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“A.I. has the power to replace humans, or to amplify their best work.  So if The 401(k) Plan Company will be the first organization to bring true A.I. to 401(k) and human resources, CFOs, and CEOs then we feel a responsibility to use the A.I. to amplify humanity positively, and that’s why we have partnered with Unanimous AI.” said Tom Frost, founding Director of The 401(k) Plan Company. “Our search for a partner was lengthy, it was deliberate, it was with a logical, positive view of the future, and we couldn’t be more pleased with our path forward with Unanimous.”

“We have worked with many major organizations around the world, from the United Nations and top universities, to professional sports teams, and Fortune 500 corporations,” said David Baltaxe, President of Unanimous AI. “We are excited to add The 401(k) Plan Company to that list of impressive partners, as they have the vision and commitment to bring our Swarm technology to a new and important marketplace.”

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Swarm AI® technology from Unanimous can be used to amplify the intelligence of hiring teams, particularly if they are struggling amidst remote workforce engagement with how to aggregate the input of multiple individual interviews or team “loop” interviews during shelter in place. It also can enable primary decision makers, like CFOs, trustees, and plan governance committees to obtain instant objectivity around decisions they need to make and peer-review internal conclusions without binding commitments. This can improve the accuracy of financial forecasts and the quality of 401(k) process that is a precept of ERISA.

“Unanimous AI’s predictive ability has proven out again and again in surprising and effective ways for distributed teams, workforces and predictive intelligence,” concluded Frost, “401(k) is about realizing the best interest of plan participants, so if A.I. proves effective tool for employers, it requires widespread adoption.”

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