
Betterment Expert Review, Pricing, Alternatives - 2022

What sets Betterment apart is that it isn't just a 401(k) platform, it offers holistic advice across all saving and investing goals.
What's Inside
Betterment is a cloud-based financial and investment advisory platform with 3(16) and 3(38) support. It gives personalized, fiduciary advice for retirement planning, wealth building, and other financial goals so participants can invest wisely and make the most returns. Employers can use Betterment for Business to offer Traditional 401(k), Roth 401(k), Safe Harbor plans, and profit-sharing plans.

- 16% higher contribution rate
- $20 billion in assets
- 460,000+ investors
- Automatic enrollment
- Traditional 401(k) and Roth 401(k)
- 3(16) and 3(38) fiduciary
- Safe harbor 401(k)
- Profit sharing
Betterment integrates with some of the most commonly used payroll providers including Ascentis, Rippling, ADP Workforce Now, Paylocity, Workday, Paychex, and Ceridian.
Betterment offers two pricing plans:
- Standard: $42 per month (base fee) + $4 per participant
- Premium: $125 per month (base fee) + $4 per participant
Betterment is cloud-based which makes its implementation relatively easy (there isn't anything to download or physically install). Simply head to Betterment's website and click the "Get Started" button on their landing page. This will take you to a few forms where you can create an account and make your plan purchase.
Betterment has a searchable FAQ page that provides customers with answers to the most common questions about the platform's usage. For additional help, customers can reach out to Betterment's customer support team by email or phone.