Betterment

Betterment’s 401(k) offering is a modern, digital retirement plan designed for employers looking to provide their employees with a streamlined, user-friendly investment solution. Leveraging innovative technology, Betterment simplifies the process of saving for retirement, ensuring that businesses can easily manage their plans while empowering their employees to achieve their long-term financial goals. With a focus on low fees and personalised investment strategies, Betterment stands out in the 401(k) landscape as a cost-effective and efficient choice for both employers and employees.

Core Features

• Automated Portfolio Management: Utilises advanced algorithms to create and manage diversified investment portfolios tailored to individual risk profiles.
• Low Fees: Offers competitive pricing with no hidden fees, ensuring more of employees contributions go towards their retirement savings.
• Customisable Plans: Employers can tailor the 401(k) plan features to meet the specific needs of their workforce, including matching contributions and investment options.
• Employee Education: Provides robust educational resources and tools to help employees understand their retirement options and make informed investment decisions.
• Easy Integration: Seamlessly integrates with existing payroll systems, simplifying the administration process for HR teams.
• Mobile Access: Employees can manage their retirement accounts on-the-go through a user-friendly mobile app.
• Tax-Advantaged Savings: Offers traditional and Roth 401(k) options, allowing employees to choose the best tax strategy for their financial situation.

Benefits

• Enhanced Employee Satisfaction: By providing a modern retirement plan, employers can improve employee satisfaction and retention.
• Simplified Administration: The intuitive platform reduces the administrative burden on HR, allowing for more focus on core business operations.
• Increased Participation Rates: Engaging educational resources and easy account access encourage more employees to participate in their retirement savings plans.
• Long-Term Financial Security: Helps employees build a secure financial future, leading to a more engaged and productive workforce.
• Compliance Assurance: Betterment manages compliance with federal regulations, reducing risk for employers and ensuring peace of mind.