What happens to employees' investments during a plan conversion?

When transitioning to Betterment, all existing investments will be liquidated before the transfer. This helps ensure assets are properly reinvested into the new plan’s investment line-up at Betterment.

Employees will be defaulted into the new plan’s investment options. The Qualified Default Investment Alternative (“QDIA”) is usually the Core Portfolio. However, advised plans may have a different QDIA selected by the plan’s advisor.

After the transfer, employees can log into Betterment to review and adjust their investment preferences based on their financial goals.