What payroll providers does Betterment integrate with?
Betterment integrates with over 350 payroll providers, simplifying 401(k) plan administration by automating tasks such as employee eligibility tracking and contribution management. This extensive integration network helps businesses efficiently manage their retirement plans without manual intervention.
How can I check if my payroll provider integrates with Betterment?
To verify if your payroll provider is compatible:
Search for Your Provider: Use Betterment’s payroll provider search tool to find your payroll provider.
Explore Integration Options: If your provider isn’t listed, Betterment may still facilitate a connection through custom integrations.
What are the benefits of integrating my payroll system with Betterment?
Integrating your payroll system with Betterment offers several advantages:
- Automated Administration: Eliminates manual data entry by automating 401(k) contributions and deductions each payroll period.
- Streamlined Employee Onboarding: Automatically creates employee accounts and assists them in enrolling in their 401(k) plans upon eligibility.
- Enhanced Accuracy: Reduces the risk of errors associated with manual processing, helping to ensure compliance and accuracy in retirement plan management and related reporting.
These integrations are designed to reduce administrative burdens, helping to allow businesses to focus on their core operations while Betterment provides robust retirement benefits to employees.
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