Betterment at Work | Guideline | ||||||||
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Fees | |||||||||
Ongoing Administrative (Paid by employer) |
Essential:
$100/month + $5/participant/month Pro: |
Core: Enterprise: |
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Estimated fund fees (Paid by employee) |
0.04%1 |
0.07%2 |
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Investment management (Paid by employee) |
0.25% on assets annually |
0.15 - 0.35% on assets annually
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Pricing flexibility |
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Only for Enterprise pricing tier |
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Investments | |||||||||
Funds |
Exchange Traded Funds (ETFs) |
Indexed Mutual Funds |
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Portfolios |
8 strategies with customizable risk levels, plus the Flexible Portfolio Strategy |
1 strategy, plus customized participant strategies |
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Customizable risk |
101 risk levels |
6 levels |
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Automatic allocation adjustments (Glidepath feature) |
Yes, for most portfolios |
Yes, with usage of their model portfolios |
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Flexibility |
Participants may choose their own allocation |
Participants may choose their own allocation
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Socially responsible investments |
3 managed portfolio strategies: Broad Impact, |
1 equity mutual fund |
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Qualified default investment |
Core - globally diversified managed ETF portfolio |
A managed mutual fund portfolio
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Additional investment strategies |
With an advisor, create a specific fund-lineup based on your employees’ needs using nearly 10,000 ETFs and mutual funds.
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Employee Experience | |||||||||
Platform scope |
401(k)-first experience with additional financial products:
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Focus exclusively on retirement 401(k) , |
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External account syncing |
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Personalized retirement planning tools |
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Tax coordination strategies |
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Access to human advisors |
For financial advisory services, additional fees apply for use in the Pro plan. Services not available in the Essential plan.
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Service and support | |||||||||
3(38) Investment Fiduciary |
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3(16) Administrative Fiduciary |
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Automated compliance support |
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Dedicated onboarding specialist |
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Only for Enterprise pricing tier |
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Payroll integrations |
350+ |
20+ |