Case Study: Octave Wealth speeds 401(k) withdrawals with Anvil

Octave Wealth - Customer Case Study

Octave Wealth, a technology-forward 401(k) administration company, needed a faster way to handle complex pension withdrawal requests that varied by state and required extensive paperwork, math, and multiple signatures. Using Anvil’s digital workflow product, they aimed to simplify forms for small businesses, government departments, and employees managing their own accounts.

Anvil built a streamlined digital withdrawal process that prefilled customer data, hid irrelevant form logic, automatically handled calculations, and synced completed requests directly with Octave Wealth’s systems. The result was a dramatic reduction in processing time—from over an hour to about 2 minutes per request—while enabling some withdrawals to be completed with no human interaction and helping Octave Wealth launch the feature in under 2 days instead of building it in-house.

Octave Wealth

Rikin Shah

Chief Executive Officer