How do I update an employee’s status?

If your plan is payroll-integrated, Betterment automatically tracks employee eligibility and status based on payroll data. If your plan has no service requirement, all employees who are 18 or older are eligible immediately. For plans that require manual updates, you can correct an employee’s status in the Plan Sponsor Dashboard: Locate the employee in the dashboard. Navigate to the Employment information box. Click View and edit employment history. Select Add a record, enter the termination ...

How can I run a report?

Plan sponsors can generate reports in Betterment by navigating to Resources > Reports in their Plan Sponsor Dashboard. This section provides access to key plan details and insights, helping you track contributions, participant activity, and overall plan performance.

Plan Management

How it works

If your plan is payroll-integrated, Betterment automatically tracks employee eligibility and status based on payroll data. If your plan has no service requirement, all employees who are 18 or older are eligible immediately. For plans that require manual updates, you can correct an employee’s status in the Plan Sponsor Dashboard: Locate the employee in the dashboard. Navigate to the Employment information box. Click View and edit employment history. Select Add a record, enter the termination ...
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Plan sponsors can generate reports in Betterment by navigating to Resources > Reports in their Plan Sponsor Dashboard. This section provides access to key plan details and insights, helping you track contributions, participant activity, and overall plan performance.
Read More