When should the final 401(k) payroll run with the prior provider?

Plan sponsors should schedule the final 401(k) payroll with the prior recordkeeper to coincide with the pay period immediately before the first payroll run with Betterment. This helps to ensure that all contributions are processed correctly and there are no gaps in retirement plan funding during the transition.

Once the final payroll is complete, Betterment will take over plan administration and begin processing contributions for future pay periods. If you have any questions about scheduling this transition, review your payroll calendar or reach out to our support team for guidance.