Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
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Re: Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
#2This seems incredibly useful. My dad recently started a company and was always complaining about how long the employee packages take to setup...will let him know there is a solution!
Re: Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
#3Great idea.
I wish they'd publish more info about their vendors (i.e., is the 401k a bunch of high load or expense ratio extortion, or is it Fidelity/Vanguard funds?)
Re: Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
#4Or there's the option of a professional employer organization like TriNet: http://www.trinet.com/
Re: Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
#5Wow, thanks Hacker News! (One of the Zenefits Co-founders here). One quick thing to point out -- we are actually YC W13, not w12 (small slip-up from TechCrunch on this point).
Re: Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
#6Pain point - plain and simple. Startups take note: this looks very promising
Re: Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
#7Or there's the option of a professional employer organization like TriNet: http://www.trinet.com/
Yeah, the problem with TriNet and other PEOs, though, is that they cost thousands of dollars per employee per year -- while Zenefits is free. They do more than we do, of course, but a lot of small companies only need someone for benefits administration, mostly.
If you need sexual harassment training, & other liability-reducing stuff, TriNet makes a lot of sense.
Re: Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
#8Great idea. I wish they'd publish more info about their vendors (i.e., is the 401k a bunch of high load or expense ratio extortion, or is it Fidelity/Vanguard funds?)
401K is in invite-only alpha right now. There are a few vendors we work with -- Schwab, The online 401k Company, Sharebuilder, and Vanguard. In practice, these are the best options for small businesses out there.
We don't get paid by 401K companies, so we don't have an incentive to recommend anything other than what we think is awesome for you.
Also, one thing we've promised our early 401K clients -- if they want to work with a 401K company that isn't on our list, we'll build an integration specially for them.
Re: Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
#9We've been working with Zenefits over the last week and their level of customer service so far has been ridiculously good.
Re: Zenefits (YC W13) Gives Startups A One-Stop Shop For Employee Benefits
#10FYI: None of the quotes are loading for us... we're a Utah company... is that why?
Edit: Melting servers. :) Just got a JSON response that looked failing.