Betterment Overhauls 401(k) Platform with AI and Payroll Upgrades

The redesigned plan sponsor dashboard serves as the centerpiece of this update, consolidating administrative tasks and payroll status into a single interface. By incorporating AI-powered benchmarking, the firm allows employers to compare their plan metrics against national averages, identifying specific gaps in employee participation and contribution behavior.

Efficiency gains extend to the participant experience and administrative back-end. A new integration with OnPay joins the company’s existing network of over 350 payroll providers, automating data syncing to minimize manual entry and compliance risks. Simultaneously, mobile users gain a simplified flow for managing Traditional and Roth deferrals. Betterment reports that its Core Portfolio achieved a 10% composite annual time-weighted return over the last decade, a performance record Mindy Yu, Senior Director of Investing, attributes to a disciplined approach toward portfolio construction and ongoing optimization.