What compliance tasks does Betterment handle on behalf of the plan sponsor?

Some of the key functions Betterment handles include:

  • ADP/ACP nondiscrimination testing
  • Top-heavy testing
  • Contribution calculations
  • Form 5500 preparation (signature-ready)
  • Audit package preparation
  • Various participant notices (including blackout notices)
  • Compliance Hub census questionnaires

For a complete list, please review our 401(k) administrative services terms.