Betterment at Work
Betterment at Work provides a comprehensive financial wellness platform that helps you offer 401(k) plans, student loan repayment tools, and automated investing to support your employees' long-term goals.
Deel
Deel is a comprehensive global payroll and compliance platform that helps you hire, onboard, and pay international employees and contractors in over 150 countries while staying compliant with local laws.
Quick Comparison
| Feature | Betterment at Work | Deel |
|---|---|---|
| Website | betterment.com | deel.com |
| Pricing Model | Subscription | Freemium |
| Starting Price | Custom Pricing | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2008 | 2019 |
| Headquarters | New York, USA | San Francisco, USA |
Overview
Betterment at Work
Betterment at Work is a modern financial benefits platform designed to help you support your employees' complete financial lives. Instead of offering just a 401(k), you can provide a holistic suite of tools including automated investing, high-yield cash accounts, and student loan management. The platform simplifies the administrative burden for your HR team by automating payroll integrations and compliance tasks, allowing you to focus on people rather than paperwork.
You can empower your workforce with personalized financial advice and easy-to-use digital tools that help them save for retirement and manage debt simultaneously. Whether you are a small startup or a growing mid-market company, the platform scales to meet your needs with transparent pricing and a user-friendly interface that encourages high employee participation and engagement.
Deel
Deel simplifies the complexity of international hiring by acting as your global HR department. You can hire full-time employees or independent contractors in minutes without the need to set up local legal entities in every country. The platform handles everything from localized contracts and document collection to tax filings and automated payments in multiple currencies.
You can manage your entire global workforce from a single dashboard, ensuring everyone gets paid on time while you stay protected from legal risks. Whether you are a small startup looking for your first international developer or a large enterprise scaling across continents, the platform provides the infrastructure to grow your team anywhere in the world.
Overview
Betterment at Work Features
- Automated 401(k) Administration Sync your payroll provider to automate contributions, recordkeeping, and compliance testing without manual data entry.
- Student Loan Management Help your employees pay down debt faster by offering tax-free employer matching contributions toward their student loans.
- Personalized Financial Advice Give your team access to automated, goal-based investment portfolios and expert guidance tailored to their specific milestones.
- High-Yield Cash Accounts Provide your employees with a secure place to earn competitive interest on their short-term savings with no monthly fees.
- Commercial Real Estate Access Allow your employees to diversify their retirement portfolios by investing in private commercial real estate through Goldman Sachs.
- Employee Dashboard Enable your staff to track all their accounts, set savings goals, and view their net worth in one mobile-friendly interface.
Deel Features
- Global Payroll. Pay your entire international team in one click using 20+ payment methods and over 120 different currencies.
- Automated Compliance. Generate localized contracts vetted by legal experts to ensure you always follow specific labor laws in every country.
- Employer of Record. Hire full-time employees in countries where you don't have a local entity by using Deel's established legal infrastructure.
- Contractor Management. Onboard independent contractors quickly with automated tax form collection and flexible withdrawal options for their earnings.
- Deel Card. Provide your contractors with a physical or virtual debit card to spend their earnings directly without transfer delays.
- Visa Sponsorship. Handle the entire immigration process for your team members, including visa applications and renewals in dozens of countries.
- Equipment Provisioning. Send laptops and work equipment to your remote team members globally with just a few clicks in your dashboard.
- Background Checks. Run comprehensive background screenings on new hires directly through the platform to speed up your onboarding process.
Pricing Comparison
Betterment at Work Pricing
Deel Pricing
- Free for companies up to 200 people
- Automated onboarding and offboarding
- Document management and storage
- Time off and expense tracking
- Global HR reporting and analytics
- Everything in Deel HR, plus:
- Hire contractors in 150+ countries
- Localized contract generation
- Automated tax form collection
- Flexible payment and withdrawal options
- Compliance document management
Pros & Cons
Betterment at Work
Pros
- Modern and intuitive user interface for employees
- Seamless integration with popular payroll providers
- Unique student loan matching feature boosts retention
- Low-cost investment options compared to traditional providers
- Quick and straightforward implementation process
Cons
- Limited customization for highly complex plan designs
- Customer support response times can vary during peak seasons
- Investment options are primarily restricted to ETFs
Deel
Pros
- Extremely fast onboarding process for international contractors
- User-friendly interface for both administrators and employees
- Wide variety of withdrawal methods for remote workers
- Responsive customer support for complex compliance questions
- Consolidated invoicing makes accounting much simpler
Cons
- Withdrawal fees can be high for certain currencies
- Employer of Record services are relatively expensive
- Occasional delays in document verification during onboarding