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.
SmartDollar
SmartDollar is a financial wellness software providing employees with a step-by-step plan to pay off debt, save for emergencies, and build long-term wealth through Dave Ramsey’s proven principles.
Quick Comparison
| Feature | Betterment at Work | SmartDollar |
|---|---|---|
| Website | betterment.com | smartdollar.com |
| Pricing Model | Subscription | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2008 | 2014 |
| Headquarters | New York, USA | Franklin, 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.
SmartDollar
SmartDollar is a holistic financial wellness platform designed to help you and your employees take control of money. Instead of just offering loans or advances, it provides a comprehensive educational framework based on the Baby Steps method. You can offer this as a voluntary benefit to help your team eliminate the stress of living paycheck to paycheck, which directly impacts their focus and productivity at work.
The platform provides every user with a personalized plan to tackle debt and build a legacy. You get access to a suite of digital tools, including the EveryDollar budgeting app, expert-led video lessons, and progress tracking. It is built for organizations of all sizes looking to improve employee retention and reduce financial distractions by teaching permanent behavior change rather than quick fixes.
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.
SmartDollar Features
- The Baby Steps Plan. Follow a proven, step-by-step framework that shows you exactly how to save for emergencies and pay off debt fast.
- EveryDollar Premium. Track your spending and manage your monthly budget with full access to the premium version of the world's best budgeting app.
- Expert Video Lessons. Watch engaging, on-demand content from financial experts that teaches you how to handle money, investing, and insurance with confidence.
- SmartDollar Points. Stay motivated and track your progress with a gamified system that rewards you for completing lessons and reaching milestones.
- Reporting Dashboard. Monitor the aggregate health of your workforce with detailed analytics showing total debt paid off and dollars saved by your team.
- Financial Wellness Coaching. Connect with professional coaches who provide personalized guidance to help you navigate complex financial situations and stay on track.
Pricing Comparison
Betterment at Work Pricing
SmartDollar Pricing
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
SmartDollar
Pros
- Proven educational content that drives real behavior change
- Includes premium access to the EveryDollar budgeting app
- Easy implementation process for HR and benefits teams
- High employee engagement due to relatable expert content
- Focuses on long-term wealth rather than short-term loans
Cons
- Pricing is not transparent for small businesses
- Strict adherence to one specific financial philosophy
- Lacks direct investment management or brokerage features