Betterment at Work vs. Human Interest
Compare 401(k) providers across fees, investments, employee experience and service & support.
Betterment at Work | Human Interest | ||||||||
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Fees | |||||||||
Ongoing administrative (Paid by employer) | Essential: Pro: |
Essential: |
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Estimated fund fees (Paid by employee) | 0.06%1 |
0.07%2 |
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Investment management (Paid by employee) | 0.25% on assets annually ($2.50 for every $1,000) |
0.50% on assets annually ($5.00 for every $1,000)
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Investments | |||||||||
Funds | Indexed Exchange Traded Funds (ETFs) |
Mutual Funds |
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Managed portfolios | |||||||||
Portfolios | 7 strategies with customizable risk levels , plus the Flexible Portfolio Strategy |
1 strategy, plus 20 customizable risk levels |
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Qualified default investment | Core - globally diversified managed ETF portfolio |
A managed mutual fund portfolio |
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Additional investment strategies | Innovative Technology,
Socially Responsible (3),
Goldman Sachs Smart Beta,
BlackRock Target Income,
Flexible Portfolio Strategy |
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Flexibility | Participants may choose their own allocation |
Participants may choose their own allocation | |||||||
Socially responsible investments | 3 managed portfolio strategies: Broad Impact,Social Impact, Climate Impact |
3 mutual fund options: TIAA Social Choice Equity Fund, |
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Rebalance frequency | Ongoing, based on portfolio drift once at minimum account balance. Contributions/ withdrawals are used to realign portfolio back to target weights |
Quarterly | |||||||
Employee Experience | |||||||||
Platform scope | Financial advice across investing and savings goals: 401(k), 529 Education Savings |
401(k) , 403(b) |
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Personalized advice for all employees | |||||||||
External account syncing | |||||||||
Personalized retirement planning tools | |||||||||
Tax coordination strategies | |||||||||
Access to human advisors | For financial advisory services, additional fees apply for use in the Pro plan. Services not available in the Essential plan.
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Service and support | |||||||||
3(16) Administrative Fiduciary | Additional cost | ||||||||
Online signup process | |||||||||
Automated compliance support | |||||||||
Access to onboarding support team |