Plan5500

Betterment 401(K) Savings Plan — Form 5500 plan (Betterment Holdings, Inc)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Betterment 401(K) Savings Plan is a benefit plan reported by Betterment Holdings, Inc under EIN 90-0735456 and plan number 001. The latest loaded filing year is 2023. The filing reports 728 participants and $66,757,171 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Betterment Holdings, Inc
EIN
90-0735456
Plan number
001
Plan type
2
Location
New York, NY
Latest filing year
2023
Participants
728
End-of-year plan assets
$66,757,171

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023728H, C20240731125024NAL0036540816001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$66,757,171
Total liabilities (EOY)
$350
Net assets (EOY)
$66,756,821
Net assets (BOY)
$48,777,567

Income & contributions

Employer contributions
$1,895,259
Participant contributions
$5,529,140
Total contributions
$10,635,994
Total income / additions
$19,404,799

Expenses & distributions

Benefits paid
$1,396,773
Administrative expenses
$10,625
Total expenses
$1,425,545
Net increase / (decrease)
$17,979,254

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Dwc Erisa Consultants, LLCTPA$10,625not reported in the loaded dataset2023

Related Form 5500 pages