401(k) · DOL Form 5500 · 2023

Betterment Holdings, Inc 401(k) Plan

Data updated 2026-08-25

$67M
Total assets Below avg plan size
430
Participants Below avg headcount
88th
Percentile by assets National rank
$155,249
Avg per participant Above avg balance/head
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Official DOL plan name: Betterment 401(k) Savings Plan · Sponsored by Betterment Holdings, Inc · New York · Other Services

$67M in assets, 430 participants

Betterment Holdings, Inc's Betterment 401(k) Savings Plan reported $67M in total assets and 430 participants in its 2023 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,478 in Other Services (7,857 peers)

Where Betterment 401(k) Savings Plan sits by assets

Betterment 401(k) Savings Plan sits in the top quartile of all filed plans by assets, $67M for 430 participants (~$155,249/participant), up 36.8% in 2023.

#7,478
in Other Services (7,857 peers)
+36.8%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Betterment 401(k) Savings Plan's outsized position by total assets

Betterment 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$66,757,171 Top 12% higher than 88% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Betterment 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Betterment 401(k) Savings Plan sits mid-pack in the medium band (430 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Betterment 401(k) Savings Plan reported net income rose from $3M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Betterment 401(k) Savings Plan end-of-year assets rose from $49M in the plan year 2022 filing to $67M in the plan year 2023 filing.
  • Betterment 401(k) Savings Plan reported participants rose from 399 in the plan year 2022 filing to 430 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 900735456 · Betterment Holdings, Inc PY 2023 · 401(k)

Betterment 401(k) Savings Plan · $67M · 430 · 88th

  • PHOTO $67M
  • PHOTO 430
  • PHOTO 88th
  • PHOTO 401(k)
  • PHOTO near Independent Physicians 401(k) Profit Sharing Plan
  • PHOTO ind #7478

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Other Services retirement plans → · Plans in New York →

Betterment 401(k) Savings Plan in the asset neighbourhood

Santafe Healthcare, Inc. 401(k) Retirement Savings PlanSantafe Healthcare, Inc. 401…$67MCimarron Software Services, Inc. 401(k) Profit Sharing PlanCimarron Software Services, …$67MBetterment 401(k) Savings PlanBetterment 401(k) Savings Pl…$67MIndependent Physicians 401(k) Profit Sharing PlanIndependent Physicians 401(k…$67MHogantaylor LLP 401(k) Profit Sharing PlanHogantaylor LLP 401(k) Profi…$67M
End-of-year total assets ($M) among Betterment 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$49M
Net Assets (End of Year)$67M
Net Income$18M
Employer EIN900735456
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Betterment Holdings, Inc)

Sponsor-wide plan assets over time

All Betterment Holdings, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$89M 83.15693184310977% vs 2022
2024 filing year
$40M$60M$80M$100M 202220232024 $48.8M $89.4M ▲ +83.2%
Year Plans Participants Total Assets
2022 1 399 $49M
2023 1 430 $67M
2024 1 430 $89M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Betterment 401(k) Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Betterment 401(k) Savings Plan, Total assets ($B): 0.066757171 · Participants: 430Betterment 401(k) Savings PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Betterment 401(k) Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Betterment 401(k) Savings Plan side-by-side with 3 peers →

Betterment 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Independent Physicians 401(k) Profit Sharing Plan in GA ($67M); by covered participants it is Utah Behavior Services, Inc. 401(k) Plan in UT (430 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (430 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Betterment 401(k) Savings Plan assets move in 2023? ▼
Betterment 401(k) Savings Plan surged - up 36.8% during 2023, from $49M to $67M. Reported net income was $18M.
How have Betterment Holdings, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Betterment Holdings, Inc's sponsor-wide assets grew 83.2%, from $49M to $89M.
Where does Betterment 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Betterment 401(k) Savings Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Betterment 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Independent Physicians 401(k) Profit Sharing Plan in GA ($67M, 1,172 participants).
Which 401(k) plans cover a similar participant headcount to Betterment 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Utah Behavior Services, Inc. 401(k) Plan in UT (430 participants, $326K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 900735456.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.