Betterment Expert Review, Pricing, Alternatives - 2022

Huda Idris
Technical writer, HR software advisor, and marketing strategist
May 16, 2022
We spend hundreds of hours researching the best HR and recruiting software so you don’t have to.  We never take money from vendors during our research phase and rely heavily on practitioners and experts to help us recommend the right software.  However we may earn a small fee if you click on vendor links on this page.
Learn more

Betterment Versus the competition

What sets Betterment apart is that it isn't just a 401(k) platform, it offers holistic advice across all saving and investing goals.

If you're ready to get a Betterment demo, we suggest getting in touch for a look at the product and quote. Otherwise, read on!


Betterment Review

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.

Who shouldn't buy Betterment

Betterment Customers

Betterment: Advice and investing goals

Betterment Stats

  • 16% higher contribution rate
  • $20 billion in assets
  • 460,000+ investors

Betterment Key Features

  • Automatic enrollment
  • Traditional 401(k) and Roth 401(k)
  • 3(16) and 3(38) fiduciary
  • Safe harbor 401(k)
  • Profit sharing

Betterment Key Integrations

Betterment integrates with some of the most commonly used payroll providers including Ascentis, Rippling, ADP Workforce Now, Paylocity, Workday, Paychex, and Ceridian.

Betterment Pricing

Betterment offers two pricing plans:

  • Standard: $42 per month (base fee) + $4 per participant 
  • Premium: $125 per month (base fee) + $4 per participant
Motivosity Recognize
Motivosity Recognize
Motivosity Lead
Motivosity Listen
$5 per person per month
$6.50 per person per month
$2 per person per month

Betterment Implementation

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 Customer Success

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.

About Betterment

As a next step you can visit the Betterment website or read about alternatives below

As a next step you can visit the Betterment website or read about alternatives below

Betterment Alternatives

ForUsAll is a great choice for small and medium-sized businesses (SMBs) because it is very quick to set up and quite affordable.
401GO is comprehensive but also extremely affordable; it charges up $9 per participate per month without any base fee, administration fees, filing fee or compliance fee.
Human Interest is a scalable platform that works for both small businesses and large operations. It’s also quick to set up and offers transparent pricing.
Guideline is one of the biggest vendors in this space. It is robust, comprehensive and easy to use. Its low fees are also a bonus.
Ubiquity is very quick to set up. Any company can create an account and have it ready for use in as little as 15 minutes.
Paychex is an integrated platform that covers a great deal of HR needs. Having payroll and retirement benefits be managed on a single platform makes things a whole lot easier for businesses, especially small ones.
Listed in our research about the Top 401k Software
You might also be interested in the following buyer guides:
Applicant Tracking SoftwareEmployee Recognition SoftwareVideo Interview Software

Review Methodology

We take our research process seriously and want to make sure we are presenting our readers with the very best solutions in a given software category. Check out this guide to learn how we evaluate vendors before featuring them in our buyer guides.

Advice on buying HR tech video