OnPay and Betterment at Work have launched a new integration. This 360-degree solution helps small and mid-sized businesses manage payroll and retirement plans. It combines OnPay’s payroll platform with Betterment at Work’s digital 401(k) offering. Now, businesses can automate employee data synchronization, retirement contributions, employer matches, and loan repayment tracking. The integration aims to ease administrative tasks and boost compliance. Smaller organizations often lack dedicated HR resources, making this tool valuable. OnPay’s internal survey reveals that just 41% of small businesses provide retirement plans. This highlights a big gap in employee benefits adoption.
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“Many small businesses want to offer their employees access to a 401(k) plan, but often worry that the plan administration will be time-consuming,” said Patrick Beahm, VP of Product at OnPay. “Our integration with Betterment at Work makes it easier for business owners to keep payroll and retirement data in sync across their systems. By automating payroll data flows, employers can spend less time on administrative work and more time running their businesses.” The collaboration also aims to improve employee financial wellness by providing a more accessible and modern retirement savings experience for growing businesses.
