1 This comparison is based on the average plan-weighted annual fee for all 401(k)s of 0.97% (management and fund expenses) according to this independent study of employer-sponsored plans and a lower cost IRA charging an annual fee of 0.37% (management and fund expenses). Betterment's annual advisory fee is 0.25% for its Digital Plan, and fees for the underlying investments total between 0.07% and 0.15%. See pricing details.
The offer is valid only for new rollovers into Betterment IRA accounts. In order to qualify for the offer, you must first click on the “enroll” button in this email and follow any additional instructions on or before May 15, 2018. After doing so, you must complete a rollover of a 401(k) or IRA held at another investment firm into a Betterment IRA on or before June 29, 2018. A rollover is “complete” once the transferred funds are actually invested at Betterment, regardless of when you begin the process, when electronic transfers are begun/completed, and when physical checks are mailed/received. If you meet all other eligibility criteria, Betterment will, beginning on the date that your rollover (the “eligible rollover) is complete, waive the management fees that would otherwise apply to the amount of the eligible rollover (calculated as of the date the eligible rollover is complete) through December 31, 2018.
This fee waiver will only apply to the specific IRA account into which the eligible rollover occurred (the “destination IRA”). To the extent that the balance of the destination IRA exceeds the amount of the eligible rollover, whether because of market changes or otherwise, Betterment will charge management fees on the excess balance. To the extent that the balance of the destination IRA drops below the amount of the eligible rollover, whether because of market changes or otherwise, the fee waiver will only apply to the balance that is actually in the destination IRA. Accounts at Betterment other than the destination IRA will not receive a fee waiver as a result of this promotion. Fee waivers earned through this promotion will not apply after December 31, 2018. To the extent that you have qualified for some period of “free time” (i.e., a waiver of Betterment’s management fees) across all of your Betterment accounts through another offer or promotion, that period of free time will run concurrently with fee waivers earned through this promotion. This offer is non-transferable and can be revoked by Betterment at any time. This offer is available to U.S. residents only. This offer is only available to accounts on the Betterment retail platform, and does not apply to accounts opened or held through the Betterment for Advisors or Betterment for Business platforms. This offer does not apply to any fees charged by an advisor you are matched with through the Betterment Advisor Network. Betterment reserves the right to limit fee waivers you are eligible to receive, and to refuse or recover any fee waivers if Betterment determines that they were obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of the Betterment Account Agreements have been violated. Fee waivers apply only to management fees charged by Betterment for investment advisory services and do not include any fees and expenses charged to shareholders by the funds held in your Betterment account.
This solicitation is being provided solely for marketing and educational purposes. It does not address the details of your personal situation and is not intended to be an individualized recommendation that you take any particular action, including rolling over an existing account. When deciding whether to roll over a retirement account, you should carefully consider your personal situation and preferences. Specific factors that may be relevant to you include: available investment options, fees and expenses, services, withdrawal penalties, protections from creditors and legal judgments, required minimum distributions, and treatment of employer stock. Before deciding to roll over, you should research the details of your current retirement account and consult tax and other advisors with any questions about your personal situation.