Since the 401(k) became the default retirement plan, America’s retirement system has been built around one idea: saving. Workers contribute to their 401(k)s, employers match, and asset managers invest. And at retirement, most people receive a lump sum and are left with the daunting responsibility of turning it into income that lasts for the rest of their lives.
But Americans today are living longer, pensions have largely disappeared, and Social Security faces long-term strain. More than 100 million people now rely on 401(k)s as their primary retirement vehicle — yet these plans were never designed to deliver a predictable monthly paycheck.
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At the same time, insurers and asset managers have spent years building innovative lifetime income solutions. These products are strong, well-designed, and capable of bringing real stability to people’s retirement years. But the industry has struggled to bring them to scale. Each recordkeeper, asset manager, and insurer operates on different systems, speaks different “data languages,” and requires different operational processes.
That fragmentation has held the industry back for decades. And it’s why Micruity exists.
How We Got Here
Before founding Micruity, I worked in Deloitte Canada’s actuarial practice, helping companies of all sizes navigate the complexities of retirement. Again and again, we saw the same pattern: current employer savings systems were a catch-22, either the employer had too much liability, or the participant didn’t have enough coverage.
We needed a new system, pensionizing defined contribution plans. And It became clear that the biggest hurdle to delivering was not design — it was the lack of a secure, standardized, interoperable data layer connecting all players in the system.
Micruity was founded to build exactly that. Our mission is simple: Make retirement income accessible to every American worker by powering the data infrastructure behind it.
We’re tapping into a major transformation already underway in the retirement ecosystem. Employers, recordkeepers, asset managers, and policymakers are shifting from an accumulation-only mindset to one focused on delivering predictable, sustainable income in retirement.
To make that shift real, the industry needs connective tissue — the pipes that make the system work. That’s what we’re building.
Over the past several years, we’ve assembled a team with unparalleled experience across retirement plans, recordkeeping, insurance, and asset management. We’ve brought on leaders from places like Fidelity, TIAA, Prudential, and others who have firsthand experience managing retirement income solutions at scale, who saw the impact Micruity could have, and chose to join an early-stage startup to help build it.
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