Betterment at Work

Modern 401(k) and financial wellness benefits for forward-thinking employers.

by Betterment · Compensation & Benefits

Executive Summary

Betterment at Work provides automated 401(k) plan administration and financial wellness solutions designed to simplify retirement benefits for employers and employees alike. The platform automates repetitive administrative tasks, seamlessly connecting with major payroll systems to manage employee eligibility, contribution tracking, and plan compliance. For employees, Betterment at Work delivers personalized goal-based investment management, debt repayment support, and financial advisory access. Plan sponsors gain access to robust reporting tools, fiduciary management, and streamlined plan maintenance designed to maximize employee participation and overall benefit engagement.

Use Cases

  • Automating 401(k) plan administration and 360-degree payroll synchronization.
  • Providing employees with personalized financial planning advice and goal-based investing.
  • Managing employer student loan matching programs and financial wellness benefits.
  • Streamlining retirement plan compliance testing, IRS Form 5500 filing support, and reporting.

Features

Visibility

  • Plan Sponsor Overview: Real-time visibility into employee participation metrics, contribution levels, and payroll status.
  • Employee Net Worth Portal: Aggregated view of retirement savings, connected accounts, and goal tracking for individual employees.

Intelligence

  • Tax-Efficient Portfolio Management: Automated rebalancing and tax-smart asset placement across participant accounts.
  • Smart Match Advice: Automated prompts identifying opportunities for employees to maximize company match benefits.

Support

  • CFP Professional Access: Direct access to certified financial planners for individualized employee advice.
  • Implementation Assistance: Dedicated onboarding team to guide payroll integration setup and plan migration.

Technical Specifications

Architecture
Cloud-native SaaS infrastructure utilizing microservices and quantitative mathematical modeling in Julia and Ruby.
Deployment
SaaS
Authentication
SSO/SAML, OAuth2, MFA
API Available
Yes
MCP Server
No

Infrastructure

  • AWS

AI/ML Stack

  • Julia
  • Proprietary Quantitative Portfolio Models

Integrations

  • Gusto
  • Rippling
  • ADP
  • Paychex
  • QuickBooks Payroll
  • BambooHR
  • Workday
  • Zenefits
  • Namely
  • Paylocity

Security & Compliance

Certifications: SOC 2 Type II, FINRA Registered, SEC Registered Investment Advisor

Encryption: Data is encrypted in transit using TLS 1.3 and at rest using AES-256 standards.

Pricing

Model
Base subscription fee + per-participant/asset management fees
Starting Price
Contact sales
Target Customer
SMB,Mid-Market,Enterprise
Contract Type
Annual
Free Trial
No (no credit card required)

Ratings & Reviews

G2: 4.5/5/5

Alternatives to Betterment at Work

  • Boardroom Alpha Pay-for-Performance by Boardroom Alpha — Executive compensation analytics, pay-for-performance alignment, and say-on-pay risk forecasting.
  • bswift by bswift — Simplify benefits administration, engage employees, and optimize utilization.
  • C-Suite Comp by C-Suite Comp — AI-powered executive compensation intelligence and benchmarking platform
  • CandorIQ by CandorIQ, Inc. — Unify compensation and headcount planning with AI for strategic people decisions.
  • CaptivateIQ by CaptivateIQ — Modern sales commission and incentive compensation management platform
  • Carta Equity Management by Carta — Manage cap tables, equity issuance, option grants, and valuations in one platform.
  • COBRA Administration by Alegeus — The first modern COBRA administration platform.
  • Collective Health by Collective Health — Cut costs, not care. A single, connected, and optimized health benefits experience.

Keep researching