Basic Capital offers a direct integration with Rippling, improving the flow of data between your Rippling instance and your 401(k) program. This allows you to log in via single sign-on, and ensures that important employment information like compensation, date of birth, hire date, and name are automatically fed into Basic Capital. Additionally, this ensures that when employees make salary deferral changes within their Basic Capital account, they are directly written back to Rippling, thus informing and actioning correct withholding.
You can learn more about the integration with Basic Capital using the FAQ below.
What is the value of the integration?
Basic Capital is a bundled 401(k) platform that includes a recordkeeper, third-party administrator, mobile-first participant portal, sponsor portal, and native investment product that allows participants to use financing to increase their market participation.
Why should customers use the integration?
The Basic Capital 401(k) is a retirement plan for companies that want to offer a new option for building wealth.
• Personalization: Employees engage more with their financial benefits when goals are personalized to them.
• Education: Employees often lack the tools, knowledge, or discipline to save consistently — we help them understand how their 401(k) works.
• Investment Financing: Most employees are undersaving towards their goals. Our investment financing option gives everyone equal access to greater market participation.
Installation
How to get started:
If you would like to set up Basic Capital 401(k) for your company, visit https://basiccapital.com and enter your work email
Our team will work with you to set your Basic Capital admin account
Once your account is active, install the Basic Capital app in Rippling, as a Rippling Admin
Follow the guided steps to connect your accounts and authenticate access
Before you install, make sure you have:
• A live Basic Capital Admin account
• An active Rippling account with Admin access
• Select “Everyone except contractors” when asked which employees should have access to the Basic Capital application
• Select “On their start date” when asked about when eligible employees should receive access
Data Flows
1. Employee Sync
Employee data is pulled from Rippling into Basic Capital to create participant records. This sync is automatically done periodically and can also be manually triggered by an admin.
2. Payroll Deductions
Every time a payroll run occurs, deduction amounts for each employee are pulled from Rippling. This ensures contributions are accurate and reflect each employee’s current elections.
3. Payroll Run Information
During each payroll run, Rippling sends over pay details such as compensation, pay period, and pay date.