Providers › Recordkeeping and administration
Service provider · Schedule C, plan year 2024
Betterment for Business, LLC
Most often reported for recordkeeping and administration
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
Betterment for Business, LLC is named as a service provider on the Schedule C of 102 retirement plans with 100 or more participants for plan year 2024, covering 45,552 participant records. Most often it is reported for recordkeeping and administration.
Reported compensation from those plans, direct and indirect, totalled $2.8M. Per plan, the median was $64.30 per participant, with the middle half of plans between $41.46 and $96.28. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in California (26), New York (25) and Texas (9).
In 2017 it appeared on 15 such filings; in 2024, 102. Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $41.46 | $64.30 | $96.28 |
| Compensation as a share of plan net assets | 0.16% | 0.20% | 0.31% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| Eight Eleven Group, LLC. 401(k) Profit Sharing Trust | Eight Eleven Group, LLC. | IN | 5,043 | $96.0M | $211K |
| Trusted Health, Inc. 401(k) Plan | Trusted Health, Inc. | CA | 3,108 | $21.3M | $61K |
| Capsule 401(k) Plan | Capsule Corp. | NY | 2,812 | $18.0M | $62K |
| Agile Defense LLC 401(k) Plan | Agile Defense LLC | VA | 2,517 | $75.7M | $138K |
| The Saxton Group 401(k) Plan | The Saxton Group, LLC | TX | 2,056 | $7.3M | $45K |
| Sticker Mule, LLC 401(k) Plan | Sticker Mule, LLC | NY | 909 | $18.0M | $68K |
| Greenhouse Software, Inc. Retirement Savings Plan | Greenhouse Software, Inc. | NY | 893 | $47.5M | $115K |
| The Black Tux, Inc. 401(k) Plan | The Black Tux, LLC | CA | 863 | $5.9M | $5,250 |
| Harry's, Inc. 401(k) Plan | Harry's, Inc. | NY | 842 | $42.4M | $114K |
| Blue Jay Transit Inc. 401(k) | Blue Jay Transit Inc. | FL | 837 | $14.0M | $45K |
| Empire Portfolio Group 401(k) Plan | Empire Portfolio Group Payroll LLC | NY | 779 | $2.6M | $8,577 |
| Cribl 401(k) Plan | Cribl Inc. | CA | 688 | $31.6M | $39K |
| View the Space, Inc. 401(k) Plan | View the Space, Inc. | NY | 619 | $24.5M | $12K |
| Whatnot 401(k) Plan | Whatnot Inc. | CA | 596 | $22.7M | $30K |
| SPR Packaging, LLC 401(k) Plan | SPR Packaging LLC | TX | 581 | $13.4M | $55K |
| Faherty 401(k) Plan | Faherty Brand LLC | NY | 578 | $6.7M | $11K |
| The Boring Company 401(k) Profit Sharing Plan and Trust | The Boring Company | TX | 567 | $3.8M | $4,073 |
| Movable Ink 401(k) Plan | Movable Inc. | NY | 547 | $31.9M | $57K |
| Watchguard Technologies, Inc. 401(k) Plan | Watchguard Technologies, Inc. | WA | 530 | $64.4M | $186K |
| Chartspan Medical Technologies, Inc. 401(k) Plan | Chartspan Medical Technologies, Inc. | SC | 511 | $2.5M | $33K |
| Concentric Advisors 401(k) Retirement Plan | Concentric Group, Inc. | WA | 483 | $20.0M | $48K |
| Weekend Health 401(k) Plan | Dash.ai, Inc. | CA | 468 | $5.3M | $14K |
| Platform Science, Inc. 401(k) Plan | Platform Science, Inc. | CA | 455 | $24.0M | $40K |
| V Shred 401(k) Plan | V Shred, LLC | NV | 435 | $5.9M | $7,913 |
| Electric Hydrogen Co. 401(k) Plan | Electric Hydrogen Co. | MA | 432 | $17.6M | $24K |
| SDC Group 401(k) Plan | Southern Development & Constructions, Inc. | FL | 427 | $3.8M | $24K |
| Rev.com, Inc. 401(k) Plan | Rev.com, Inc. | TX | 420 | $13.5M | $24K |
| Flock Freight, Inc. Retirement Trust | Flock Freight Inc. | CA | 411 | $18.6M | $30K |
| Persistent Systems LLC 401(k) Plan | Persistent Systems LLC | NY | 407 | $34.4M | $57K |
| Apptegy, Inc. 401(k) Plan | Apptegy, Inc. | AR | 405 | $9.3M | $13K |
| Asapp Inc. 401(k) Plan | Asapp Inc. | NY | 403 | $25.4M | $12K |
| Arcadia Power 401(k) Plan | Arcadia Power | DC | 382 | $19.4M | $37K |
| Trusted, Inc. 401(k) Plan | Trusted Technologies, Inc. | CA | 374 | $9.6M | $15K |
| Updater Inc. 401(k) Plan | Updater Inc. | OR | 359 | $13.5M | $33K |
| Bond Vet 401(k) Plan | Bond Veterinary, Inc. | NY | 359 | $4.6M | $17K |
| Chownow, Inc. 401(k) Plan | Chownow, Inc. | CA | 358 | $14.0M | $58K |
| Hometap Equity Partners 401(k) Plan | Hometap Equity Partners LLC | MA | 345 | $12.9M | $5,438 |
| Getaway 401(k) Plan | Getaway | NY | 331 | $363K | $5,494 |
| Revive Infrastructure Group, LLC 401(k) Plan | Revive Infrastructure Group, LLC | MO | 326 | $5.6M | $14K |
| Athletic Greens USA 401(k) Plan | AG1 USA Inc. | NV | 323 | $12.8M | $31K |
Questions and answers
How many plans does Betterment for Business, LLC serve?
102 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay Betterment for Business, LLC?
The median plan reported $64.30 per participant in direct and indirect compensation (100 plans reporting an amount), or 0.20% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Investment advisory (plan) (100 plans) and Recordkeeping and information management (5 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.