Betterment at Work
A modern 401(k) built for small and medium-sized businesses
- Wellness & Benefits
- Financial Resources
- Benefits
About Betterment at Work
Betterment at Work offers an award-winning* 401(k) for small and medium-sized businesses. With ongoing administrative support, investment management, customizable plan design, and dedicated service and support at every step, we do the heavy lifting so you don’t have to.
Employees will get access to a powerful, easy-to-use investing and savings solution with built-in financial advice to help propel them towards retirement readiness – all through our highly-rated mobile app.
With Betterment at Work, your 401(k) can also be enhanced with powerful features and financial benefits like offering a 401(k) match on student loan payments, 529 Education Savings and access to 1:1 Financial Coaching. With this modern mix of 401(k) and financial wellness benefits, as well as accessible investment and retirement tools, Betterment at Work can help you attract and retain happy employees while providing benefits they need to accomplish their retirement goals.
*Betterment at Work was recognized as one of the Best 401(k) Plans of 2024 by Forbes Advisor on February 1, 2024. It was considered amongst an unknown number of competitors, based on set up costs, administrative fees, employee costs, funds available, and services provided beyond 401(k) administration. No compensation was exchanged for this award. The author is a client of Betterment; views may not be representative, see more reviews at the App Store and Google Play Store. For more information, visit https://www.forbes.com/advisor/retirement/best-401k-plans/.
529 accounts and their plans are held and managed by program administrators and managers outside of Betterment. 529s are only available as part of a bundled offering with a Betterment 401(k). Not available in the Essential plan.
Betterment at Work and Fractional People People
Betterment at Work has partnered with Fractional People People to bring top-tier financial wellness and retirement solutions to a network of HR leaders, empowering businesses to support their employees’ financial futures.
Paid non-client of Betterment. Views may not be representative, see more reviews at G2: https://www.g2.com/products/betterment-at-work/reviews#reviews. Learn more about Fractional People's relationship with Betterment: https://www.betterment.com/work/fractional-people-people
Use cases
- Simplified 401(k) Administration for Small and Mid-Sized Businesses
As your partner in 3(16) fiduciary services, Betterment at Work will provide support on administrative & 401(k) compliance tasks alongside 3(38) investment management fiduciary duties.
- 300+ Payroll Integrations
We’re constantly expanding our network to help reduce your admin needs because managing your 401(k) shouldn’t feel like a chore.
- Customizable plan features
Tailor your 401(k) plan design to the needs of your business and explore optional employee benefits
- High quality user experience
Intuitive, digital-native experience with easy setup, management & ability to link external accounts – also available within our highly-rated mobile app
- Suite of investing and saving products at no additional cost
Participants receive access to additional financial accounts – automated investing accounts, high-yield cash savings account and IRAs – at no additional cost
- Service and support
Dedicated onboarding support to get your plan started seamlessly with ongoing service for both you and your employees