**Capitalize Partners With Robinhood to Streamline Retirement Account Consolidation**

Americans continue to face significant challenges in managing fragmented retirement savings across multiple employers. Research indicates that over 24 million legacy 401(k) accounts totaling more than $1.35 trillion remain abandoned with former employers—a substantial pool of retirement assets that many workers struggle to track and consolidate due to complex rollover procedures.

Capitalize, a technology platform specializing in retirement account transfers, has joined forces with Robinhood Markets to address this growing problem. The collaboration enables Robinhood's IRA customers to easily locate and roll over their dormant 401(k) accounts into their retirement portfolios. In return, Robinhood will be featured on Capitalize's IRA marketplace as a consolidation destination for users seeking to centralize their scattered retirement assets.

**What Makes This Partnership Compelling**

Robinhood introduced its Individual Retirement Account offering last year, which distinguishes itself through a 1% annual employer match—a competitive feature in today's IRA marketplace. To incentivize rollover activity, the platform is currently offering an additional 1% bonus on transferred funds through mid-April, effectively doubling the match benefit for new consolidations during this promotional window.

The integration addresses a persistent friction point in retirement planning. Job transitions often leave workers with multiple 401(k) accounts scattered across former employers. The archaic rollover mechanics—including account discovery, documentation requirements, and transfer logistics—discourage consolidation. Capitalize's platform automates much of this workflow through proprietary technology combined with customer support infrastructure.

**Market Scale and Momentum**

Since its 2020 launch, Capitalize has managed a rapidly expanding share of the roughly $700 billion in annual IRA rollovers. Robinhood represents another institutional partner adopting Capitalize's enterprise rollover solution, joining other leading retirement services providers leveraging the platform to simplify account transfers for their customer bases.

The $1.35 trillion in left-behind 401(k) accounts represents untapped consolidation opportunity—both for individual wealth management and for IRA providers seeking to grow assets under administration. By reducing friction in the rollover process, this partnership targets a behavioral barrier that has historically prevented Americans from optimizing their retirement savings structure.