Capitalize, a platform to find and transfer retirement accounts, today announced a new partnership with Robinhood Markets, Inc (NASDAQ:HOOD).

Capitalize’s partnership with Robinhood Retirement will help customers find and roll over legacy 401(k) accounts into Robinhood’s new individual retirement accounts (IRA). Additionally, Robinhood will be featured on Capitalize’s leading IRA marketplace as a potential destination for users looking to consolidate their legacy 401(k) assets.

“Since we launched Robinhood Retirement last year, we’ve seen close to half a million customers take advantage of our IRA, the only IRA in the market with a 1% annual match. This partnership will make it much simpler and easier for Americans to roll over their funds,” said Steve Quirk, Chief Brokerage Officer of Robinhood. “To kick things off, we are giving folks an additional 1% on every dollar they transfer in from external retirement accounts until April 18.”

“Americans have traditionally found it very hard to track and consolidate their retirement savings given the archaic rollover process. Partners like Robinhood understand the hurdle this presents to growing wealth and want to help their users more effectively save for retirement,” said Gaurav Sharma, CEO of Capitalize. “We are grateful for the trust that Robinhood has put in our product and team.”

Robinhood joins a growing number of leading IRA providers using Capitalize’s enterprise rollover solution. Capitalize’s combination of proprietary technology and scaled operations help customers of IRA providers find legacy 401(k)s and seamlessly roll them over to fund new or existing IRAs through an enterprise version of the Capitalize rollover platform. Capitalize introduced its enterprise rollover solution in 2021 as an extension of its award-winning consumer rollover platform launched widely in 2020.