Work at Manifest
Online link: cutt.ly/manifesthq

Background

The American workforce is evolving as the average employee switches jobs 11 times throughout their career. Every time they switch, their retirement savings are put at risk. It is common for Americans to have 3 old accounts and even worse, to cash out their old balances. An estimated estimated $2T in retirement savings has been cashed out over the last 10 years. 

At Manifest, it’s our mission to maximize retirement outcomes. We have decided to focus our efforts on making 401(k) transfers seamless. Transferring today is so tedious that 89% of people who start the process, don’t finish. Our team is building the first ever digital transfer solution for retirement accounts so employers can help their participants consolidate their savings

Our teammates thoughtfully made the decision to join Manifest. They can get almost any position yet they choose to work here! Tim Ferriss suggests weighing three categories when choosing to join a company.

Impact

Currently, the median retirement balance in America is zero. 

As people continue aging, healthcare costs rise, and social security payouts are at risk, it’s getting even more important that people save for retirement. Before starting Manifest, we learned from 2,500 people as they switched jobs and learned that the problem is systemic. 

Transferring today using pen, paper, phone calls, and fax machines is so difficult, vast majority of people cash out or leave their accounts behind. 60% of accounts with less than $15,000 are cashed out. 80% of those individuals do so for nonemergency reasons and regret their decision after a year. Those who choose to simply leave their accounts behind, do so because of lack of information or enough time to complete the up to 60-day transfer process.

We believe their is a huge opportunity to leverage technology to tackle these systemic problems so people can keep their hard-earned savings. While we invent the future of retirement, everyone on our team builds with exposure to our users - it’s one of our core values!

Compensation 

Working at a startup has tradeoffs. It’s important to recognize the power of frugality at our size, but also the value of talented teammates. 

Manifest was started by Anuraag (CEO) and Meenakshi (CTO). This is Anuraag’s third startup, and his second in the 401(k) industry. Meenakshi built the brokerage transfer systems at Goldman Sachs. She has been building enterprise software solutions for over 12 years. Both of them are complemented by an amazingly talented team.

Being backed by some of the brightest investors helps to ensure our team has the resources to achieve our mission, while also compensating everyone and offering some basic benefits. We are committed to building a healthy work environment and ensuring everyone participates in our growth.

Growth 

Manifest is helping a 22,000 person employer to consolidate their employee’s retirement accounts. We’ve partnered with Washington University’s renowned social impact department to measure our results, and we are preparing to help providers transfer accounts as well. Our company is poised to help millions of Americans keep their retirement savings growing while cutting over $2.5B lost in revenue by providers from inefficient transfers.

Joining Manifest means tackling some exciting challenges with real-world implications. Each week we reflect on our team’s contributions, and it’s easy to see how much growth comes from tackling a meaningful problem together. 

Details 

Company: Manifest
Website: www.manifestledger.com 
  • We know there’s not much there - that’s intentional 🙂
  • If you have any additional questions, we’re always happy to answer any questions 👋 
Contact: hello@manifesthq.io
Location: Polsky Exchange - 2nd Floor, 1452 E 53rd St, Chicago, IL 60615

Our Job Openings

Next recruitment cycle ends on December 15th
 
Manifest is an equal opportunity employer; applicants are considered for all roles without regard to race, color, religious creed, sex, national origin, citizenship status, age, physical or mental disability, sexual orientation, marital, parental, veteran or military status, unfavorable military discharge, or any other status protected by applicable federal, state or local law.