Basic Capital Appoints Jake Eigner as General Counsel

NEW YORK--(BUSINESS WIRE)--Basic Capital, a 401(k) platform modernizing the American retirement system, today announced the appointment of Jake Eigner as General Counsel. Eigner brings deep expertise in ERISA, retirement plan regulation, and financial services law as Basic Capital accelerates its mission to upgrade workplace retirement plans.

“Jake is one of the few lawyers in the country who has lived on both sides of the retirement industry,” said Abdul Al-Asaad, Founder and CEO of Basic Capital. “As a top-performing investment professional and as a sophisticated ERISA practitioner, he brings a combination of legal depth and commercial instinct that will help us deliver an enterprise-ready product as we scale."

Eigner joins Basic Capital from Goldman Sachs, where he served as Vice President in the legal department. Prior to Goldman Sachs, he was an attorney at Groom Law Group—one of the nation’s foremost ERISA boutiques—where he advised clients on qualified retirement plans, Department of Labor fiduciary rules, investment due diligence, and service provider relationships.

Before his legal career, Eigner built a track record in financial services. He served as a Vice President at a large registered investment advisor, where he marketed 401(k) funds directly to plan sponsors, set all-time company sales records, and closed more than $23 million in business from high-net-worth and institutional clients.

Eigner is a recognized thought leader in the field, having been published or quoted in more than a dozen articles in publications such as “Fast Company,” “Bloomberg Law,” “Westlaw Expert Insights,” "The Institute of International Economic Law” and the “Investment Advisor Association Newsletter.” He has also contributed columns for “BenefitsPRO Magazine” and “401(k) Specialist Magazine” and has appeared on popular retirement podcasts.

He holds a J.D. from Georgetown University Law Center and a B.A. from the University of Alabama.

As General Counsel, Eigner will lead all legal and regulatory strategy for Basic Capital. He will work closely with the founding team to support the company’s rapid employer and employee growth as it modernizes the American retirement system.

About Basic Capital

Basic Capital is a technology-driven retirement platform built to help companies offer a modern, flexible 401(k) experience. The platform combines streamlined recordkeeping, an open-architecture investment lineup, and innovative alternative and financed investing programs to deliver a fully bundled solution for employers and participants. Founded with a mission to simplify retirement benefits and expand access to high-quality investment options, Basic Capital partners with forward-thinking employers to improve financial outcomes across the workforce.

For more information about Basic Capital, visit www.basiccapital.com.