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More employees will have access to retirement savings through Betterment’s 401(k) plans, thanks to rapid growth the online wealth advisor has seen in that part of its business.
The company’s 401(k) business, Betterment for Business, has seen seen a 370% increase in year-over-year retirement plan adoption.In 10 of the states that are working on auto enrollment for individual retirement accounts, Betterment has seen 88% year-over-year growth in plan adoption.Those states are in the process of establishing programs that would require more employers, specifically small to midsize businesses, to offer retirement plans to their workers. More from Personal Finance: […]
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