Affordable Retirement Plans
for Businesses of all Sizes

No one should get a cut of your retirement.

Save an average of $200,000 more with a Penelope plan with our predictable and transparent pricing.

Their experience isn’t uncommon among small business owners—in big part because traditional financial services companies don’t offer affordable retirement plans, making it cost-prohibitive for these entrepreneurs to offer plans to their employees.

As a result, there’s a huge wealth gap in this country, as millions aren’t able to easily save for their future.

Jean’s experience was very different from her parents. When she first started working, she worked for a large corporation and began contributing to her company’s retirement plan. It was thanks to her consistent investments in 401(k) plans that she made her first million. Jean saw firsthand just how powerful it was to have access to a company-sponsored retirement account. That financial stability gave her the freedom to support her parents, grow her own family, and take career risks.

It was during the pandemic that Jean first got the idea for Penelope, a 401(k) platform focused on micro and small businesses. After more than 20 years working in financial services—frequently the only Asian woman in the room—she decided she wanted to help small business owners like her parents, with the goal of closing the wealth gap. 

Penelope started in Jean’s two-bedroom apartment in Manhattan. She knew she was onto something when Ted Benna, known as the father of the 401(k), reached out proactively and endorsed Penelope. Jean and the Penelope team have since raised venture capital, and grown to a staff of 9, with an office in Manhattan and a team distributed from the West Coast to Amsterdam. But we’re just getting started and excited to continue to build this community of small business owners.