Building the businesses that power America’s workforce.

Ilium acquires and modernizes compliance-intensive employer services businesses—using AI to reduce administrative burden and improve customer experience.

Our first platform: retirement plan administration.

What we believe

  1. The companies we acquire are a founder’s life’s work.

    Our job is to protect what made them valuable—relationships, service quality, integrity.

  2. AI should give people superpowers.

    We build custom tools around each company’s specific workflows, so employees can spend more time on judgment and service, not paperwork.

  3. We hold for the long term.

    In businesses built on trust, judgment and expertise compound for decades.

Team

Saagar Kulkarni

Founder

Saagar spent ten years at Stripes, where he co-led the enterprise technology investment team. Saagar has deep domain expertise across employer software and services, financial technology, and AI, and has been fortunate to partner with leading technology companies like OpenAI, Ramp, and monday.com. Along the way, he evaluated the new wave of digital recordkeepers and became convinced that the retirement industry’s most durable asset lies in the expertise and relationships inside independent TPA firms—the conviction behind Ilium.

Work with us

We’re building a new kind of home for exceptional employer services businesses. If you’re a founder thinking about your next chapter—or an advisor, operator, or investor who wants to help build what’s next—we’d love to hear from you.

If you own a TPA or retirement plan administration firm, start here: For Founders