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ParticipantOS turns the plan's payroll feed into engagement

Freedom Fiduciaries' new system reacts to hires and contribution changes as they happen, giving advisors a personal touch at scale without the campaign calendar.

At a glance

  1. The Idaho-based firm's answer, introduced in late August for the plans and advisors it serves through its Bac(k) Office partnership model, is an operating system called ParticipantOS.
  2. ParticipantOS — the Participant Operating System — pulls live payroll census data through PlanSync and reacts to what is actually happening inside the plan, as 401(k) Specialist first reported.
  3. The system is not a standalone retail tool.

The first things a new employee meets on a plan platform, Freedom Fiduciaries argues, are usually generic campaigns and static content — a strange way to sell a benefit that compounds over decades. The Idaho-based firm's answer, introduced in late August for the plans and advisors it serves through its Bac(k) Office partnership model, is an operating system called ParticipantOS.

ParticipantOS — the Participant Operating System — pulls live payroll census data through PlanSync and reacts to what is actually happening inside the plan, as 401(k) Specialist first reported. A new hire triggers a welcome sequence that determines eligibility, then explains eligibility, plan design, and employer contributions, and introduces the plan advisor through a personalized video; contribution changes and employee updates generate their own tailored content.

The system is not a standalone retail tool. Built for the specific population Freedom Fiduciaries already touches through its Bac(k) Office partnership model, everything it produces is white-labeled for the plan sponsor and the advisor; the goal, per founder and CEO Shane Hanson, is for participants to come to understand how the advisor can personally help them, when the time is right.

Beyond onboarding, the platform layers in contribution calculators, investment and retirement plan education, financial wellness tips, and an AI assistant called Kaleo that answers plan-specific questions about advisor services, resources and recordkeeper procedures — no extra web pages, no call center. "Retirement plan advisors have spent decades working around disconnected data, manual processes and engagement systems that do not respond to what is actually happening within the plan," Hanson said in announcing the system, arguing that with routine education and self-directed research handled autonomously, advisors can dedicate their time to the participants who need more personalized guidance.

Kaleo is the least interesting part of the system. The architecture underneath it is the argument: engagement that runs off the plan's own live payroll file rather than a calendar of campaign blasts. That tracks the adoption pattern this publication has argued will win — AI that plugs into existing workflows and keeps the advisor in the lead. There is also a quiet distribution play in the design: a system that lets the advisor be personal at scale is a system that makes the advisor harder to displace from the plan. The open risk is the fade — onboarding automation that goes quiet once the welcome is done is just a fancier version of the generic campaign it replaces.

Reported by the Plans & Sponsors desk from 401(k) Specialist. Published . Corrections

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