Betterment at Work has launched a redesigned plan sponsor dashboard. This new tool makes 401(k) plan management easier. It helps employers gain better insights into retirement plan performance using artificial intelligence. The updated platform brings together important tasks. It shows payroll integration status, action items, support resources, and personalized recommendations for each sponsor’s needs. A key feature is the AI-powered benchmarking tool. It looks at participation levels and average contribution rates. Then, it compares these to national benchmarks. This helps employers evaluate plan effectiveness. They can also find ways to improve employee engagement and retirement savings.
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These enhancements support plan sponsors in meeting their fiduciary duties. They provide ongoing performance comparisons and actionable insights. “Plan sponsors are being asked to manage increasingly complex retirement programs, often without dedicated internal resources,” said Chelsey Lubin, Vice President of Client Experience at Betterment. “Our redesigned dashboard unifies tasks and showcases AI-powered benchmarking in one place so sponsors can focus on the actions that matter most for their employees’ retirement outcomes.”
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