Do we need to participate in a state-sponsored retirement plan?

Many states require businesses to offer a retirement plan, and some have created state-sponsored programs like CalSavers (California) and OregonSaves (Oregon). If you offer a 401(k) at Betterment, you do not need to participate in your state’s retirement program.

Additionally, employees are able to choose to roll over funds from a state-sponsored plan into their Betterment 401(k), giving them more flexibility in managing their retirement savings.