Betterment’s 401 (ok) Enterprise Achieves Document 2020 Progress And Doubles The Quantity Of Retirement Plans With New On-line 401 (ok) Procuring Device

The traditional 401 (k) approach to selling, which typically involves a series of calls or face-to-face interactions with salespeople, has long been a problem for companies looking to get a retirement plan up and running quickly. This lengthy sign-up process is often daunting to deploying a 401 (k), especially for time-consuming small and medium-sized businesses with no dedicated staff. Leveraging the expertise and best practices they developed over the past five years selling defined contribution plans, Betterment’s 401 (k) business was able to create an intuitive workflow that saves companies time and effort.

Betterment’s online shopping option, which is incredibly streamlined yet effective, allows employers to quickly navigate through a series of questions to create a 401 (k) plan tailored to their unique organization, industry, and employee demographics . The result is a customer experience that automates plan selection without sacrificing service quality. Companies of all sizes, from companies with just two employees to over 1,000 employees, can benefit from the optimized, modern registration process – a first of its kind in the 401 (k) area.

“Our goal is to use automated technology to simplify and improve every aspect of the 401 (k) experience for employees and employers – and that starts with plan enrollment. We developed the online tool to serve customers of all sizes and better to be able to. ” Helping hard-working small business owners so that their employees can access high quality services with less effort and at lower cost, ”he said Kristen Carlisle, General Manager of Betterment’s 401 (k) business. “At Betterment, we believe that every company, regardless of size, deserves access to a great retirement plan.”

In addition to an excellent 401 (k), employees receive personalized, straightforward investment advice via an intuitive user interface that can be synced to their primary Betterment account. Betterment offers goal-oriented investment portfolios, including socially responsible options, access to toll-free checks and high-yield cash accounts, other retirement accounts such as IRAs, and additional tools that make it easy for employees to save for goals beyond retirement. For plan sponsors, Betterments 401 (k) simplifies and manages employee retirement planning, including customer service, dashboards, custody services, ERISA advice, compliance, and Form 5500 preparation.

This follows a busy period of momentum for Betterment’s 401 (k) business, with recently announced partnerships with Zenefits and Bennie that expand Betterment’s commitment to making quality retirement plans easy and affordable for businesses of all sizes. For more information or to register your company for a 401 (k), please visit

About Betterment’s 401 (k) business
Betterment’s 401 (k) platform was designed from the ground up to meet the needs of modern employees. It is selected by employers who want to offer their employees tailored and smart financial advice to help them create a more secure future. Betterment’s 401 (k) platform is based on Betterment’s proprietary, intelligent technology that automates and optimizes asset allocation to improve financial wellbeing. As a trustee independent of the funds in which they invest, Betterment believes that everyone has the fundamental right to professional financial advice. Headquarters in New York City Betterment’s 401 (k) platform was developed by the largest independent robo-consultant and is used by leading employers such as Casper and Boxed. Further information is available at

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‡ Current accounts and the Betterment Visa Debit Card, which are provided and issued by nbkc Bank, a member of the FDIC. Amounts deposited at check-in are insured up to FDIC $ 250,000 for single accounts and up to $ 250,000 per depositor for joint accounts. Betterment Checking is provided by Betterment Financial LLC. Neither Betterment Financial LLC nor any of its affiliates is a bank. Betterment Financial LLC reimburses ATM fees and the Visa® 1% overseas transaction fee wherever Visa is accepted worldwide. Checking accounts do not earn APY (Annual Percentage Return). Betterment Cash Reserve and Betterment Checking are separate offers and not linked accounts.

Arielle Sobel
[email protected]

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