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Betterment at Work description
Betterment at Work simplifies 401(k) management for mid-sized companies. They handle administration, investments, and offer personalized guidance for employees. Features include customizable portfolios, various savings tools, and integrations with payroll systems. It also offers financial wellness benefits like student loan management. The platform is designed to be user-friendly and accessible through a mobile app, aiming to improve employee satisfaction and financial well-being.
What companies are using Betterment at Work?
Who is Betterment at Work best for
Betterment at Work simplifies 401(k) management for mid-sized companies, handling administration, investments, and personalized employee guidance. Users praise the platform's user-friendly interface and automated features, but some have reported difficulties with customer support and onboarding. It offers various savings tools and integrations with payroll systems, making it a convenient option for businesses looking to enhance their employee financial wellness benefits.
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Ideal for mid-sized companies seeking streamlined 401(k) management.
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Suitable for various industries.
Betterment at Work features
Supported Betterment at Work offers personalized financial advice through its Financial Coaching service. |
Supported Betterment at Work integrates with payroll systems like ADP, Gusto, and Paylocity for automatic deduction transfers. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Scalability
Betterment at Work reviews
We've summarised 101 Betterment at Work reviews (Betterment at Work TrustPilot reviews and Betterment at Work G2 reviews) and summarised the main points below.
- User-friendly interface and mobile app, making navigation and management easy.
- Automated features like portfolio management, rebalancing, and tax loss harvesting.
- Low fees and cost-effective for small businesses.
- Streamlined compliance reporting and plan management.
- Educational resources and financial wellness tools available for employees.
- Difficult to contact customer support, often requiring scheduled calls and email with delayed responses.
- Onboarding process can be cumbersome and confusing, with inaccurate information and documentation.
- Limited customization options for plan provisions and investment choices.
- Integration issues with various payroll systems like Gusto, Rippling, and Paycor, leading to manual workarounds and errors.
- Lack of transparency regarding fees and costs, especially for additional services.
Betterment at Work pricing
The commentary is based on 27 reviews from Betterment at Work G2 reviews and Betterment at Work TrustPilot reviews.
Betterment at Work is praised for its low fees and cost-effectiveness, especially for small businesses. However, some users find its customer support lacking and onboarding cumbersome, with limited customization options. Despite these drawbacks, many consider it valuable for its simplicity and automated features.
Users sentiment
See the Betterment at Work pricing page.
Expert-built stock and bond portfolios to help you build wealth. Includes multiple portfolio options, advanced tax-saving tools, and automated rebalancing.
Personalized 1:1 advice for your full financial life. Includes access to a team of CFPs and prioritized Customer Support, 0.25% additional Preferred Cash Reserve Rate boost, access to an exclusive U.S.-only portfolio, and 20% off estate planning with Trust & Will.
Betterment at Work alternatives
Betterment at Work FAQ
Betterment at Work is a 401(k) management platform for mid-sized companies, simplifying administration, investments, and employee guidance. It offers personalized portfolios, various savings tools, payroll integration, and financial wellness benefits like student loan management, accessible via a user-friendly mobile app.
What is Betterment at Work and what does Betterment at Work do?
Betterment at Work is a 401(k) management platform for mid-sized companies, simplifying administration, investments, and employee guidance. It offers personalized portfolios, various savings tools, payroll integration, and financial wellness benefits like student loan management, accessible via a user-friendly mobile app.
Betterment at Work integrates with payroll systems like ADP, Gusto, and Paylocity, enabling automatic deduction transfers. This streamlines 401(k) management, reduces manual work, and improves efficiency. However, some users have reported integration issues requiring manual workarounds.
How does Betterment at Work integrate with other tools?
Betterment at Work integrates with payroll systems like ADP, Gusto, and Paylocity, enabling automatic deduction transfers. This streamlines 401(k) management, reduces manual work, and improves efficiency. However, some users have reported integration issues requiring manual workarounds.
Top alternatives to Betterment at Work include Guideline, Rippling, 401GO, and Paylocity. These competitors offer similar 401(k) management services, payroll integrations, and varying levels of financial wellness tools for businesses.
What the main competitors of Betterment at Work?
Top alternatives to Betterment at Work include Guideline, Rippling, 401GO, and Paylocity. These competitors offer similar 401(k) management services, payroll integrations, and varying levels of financial wellness tools for businesses.
Yes, Betterment at Work is a legitimate 401(k) management platform. It's known for its user-friendly interface and automated features. However, potential users should be aware of customer service concerns. Consider exploring reviews and comparing with alternatives like Guideline or 401GO for a safe and informed decision.
Is Betterment at Work legit?
Yes, Betterment at Work is a legitimate 401(k) management platform. It's known for its user-friendly interface and automated features. However, potential users should be aware of customer service concerns. Consider exploring reviews and comparing with alternatives like Guideline or 401GO for a safe and informed decision.
Betterment at Work's Investing plan costs $4 monthly or 0.25% annually. The Premium plan costs 0.65% annually with a $100,000 minimum balance. Betterment also offers Cash Reserve and Checking accounts with no fees. Is Betterment worth it for you? This depends on your investing needs.
How much does Betterment at Work cost?
Betterment at Work's Investing plan costs $4 monthly or 0.25% annually. The Premium plan costs 0.65% annually with a $100,000 minimum balance. Betterment also offers Cash Reserve and Checking accounts with no fees. Is Betterment worth it for you? This depends on your investing needs.
Betterment at Work's customer service receives mixed reviews. Some users praise the helpfulness and responsiveness of their support team, while others express frustration with long wait times, difficulty reaching a live representative, and generic email responses. It appears the quality of support may vary depending on the pricing tier.
Is Betterment at Work customer service good?
Betterment at Work's customer service receives mixed reviews. Some users praise the helpfulness and responsiveness of their support team, while others express frustration with long wait times, difficulty reaching a live representative, and generic email responses. It appears the quality of support may vary depending on the pricing tier.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.