Q: What payroll integrations does Betterment support?
A: Betterment supports 350+ payroll integrations, including a flagship integration with QuickBooks Online. For integrated payroll providers, participant accounts are created automatically, contribution rates sync without manual uploads, and plan eligibility is tracked automatically. Plans on non-integrated payroll providers can use our online manual file uploads.
Q: What should advisors tell clients about integrated vs. non-integrated payroll?
A: Integrated payroll helps to reduce the plan sponsor's administrative burden and the risk of late deposits or data errors. Advisors should set this expectation during onboarding, sponsors on non-integrated providers will need to commit to a manual upload process for each payroll cycle. Helping a client switch to an integrated payroll provider (if they haven't already) can meaningfully improve their plan administration experience.