Penelope Information

Penelope provides a modern, digital-first recordkeeping platform that enables TPAs, advisors, and benefits administrators to scale their 401(k) offerings efficiently while reducing cost and complexity. The Penelope platform is fully operationalized for SECURE 2.0, making it easy for TPAs, consultants, and advisors to serve the rapidly growing SMB market, which is projected to increase by 40% by 2029. • Our adaptable API-first architecture enables seamless integration with your proprietary software, including health offerings and advisory tools, as well as with third party payroll, custody and benefits providers. • Embedded AI and workflow automation facilitate faster onboarding, compliance, plan design and operations, significantly reducing time-to-market, increasing processing accuracy and eliminating the challenges of the fragmented and manual processes associated with legacy platforms. • Our modern dashboards ensure an intuitive user experience that spans from the participant to the sponsor to the plan administrator. • Because the platform was built to be cloud-native SaaS from the start, we can scale quickly and securely, and launch new features to our clients seamlessly, providing a transformative solution that allows retirement TPAs and recordkeepers to reduce their operating costs while providing clients better servicing and more customization. Our professional team brings decades of hands-on experience in retirement services, plan administration, wealth management, recordkeeping platform implementation, and systems development. Penelope is committed to a conflict-free model. We provide highly-customizable user experiences in your brand and do not sell directly to employers.