Global News


What Employers Should Know About Timing of 401(k) Contributions

Timing of employee 401(k) contributions (including loan repayments) When must employee contributions and loan repayments be withheld from payroll? This is a top audit issue for 401(k) plans, and requires a consistent approach by all team members handling payroll submission. If a plan is considered a ‘small plan filer’ (typically under 100 eligible employees), the […]
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Finding and Preventing Rails Authorization Bugs

At Betterment, we build public facing applications without an authorization framework by following three principles, discussed in another blog post. Those three principles are: Authorization through Impossibility Authorization through Navigability Authorization through Application Boundaries This post will explore the first two principles and provide examples of common patterns that can lead to vulnerabilities as well […]
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Case Study: Preferred name

In the financial world, asking a customer for their legal name in order to sign up or continue with a service is about as standard and default as it comes. But what about people whose legal name doesn’t fit with who they are? To take it a step further, what about folks who experience a […]
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Understanding Crypto Fundamentals

At this point, it’s highly likely you’ve at least heard the many buzzwords associated with cryptocurrency. Blockchain, Bitcoin, or Ethereum ring a bell? But how many times has someone also said, “You should definitely invest in crypto” and then done a poor job of describing what any of it actually means? I’m all for movements […]
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Personal Finance Stories From Our AAPI Community

Advice is a powerful way of connecting families across generations. In honor of Asian American and Pacific Islander Heritage Month, we asked members of our Asians of Betterment community to share personal finance advice from their parents. Financial advice is rooted in our experiences. While our families grew up at different times and in different […]
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How Much Crypto Should I Own?

Many of us have followed the dramatic rises and precipitous falls of bitcoin, and cryptocurrencies in general, over the past few years. Some may have written them off entirely after 80% declines in 2018, only to see them roar back into investors’ collective consciousness in 2020. Certainly sentiment has shifted over a short two years—more […]
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Pros and Cons of CalSavers for Small Businesses

The clock is ticking! By state law, businesses with 50 or more employees in California must provide a retirement program to their employees by June 30, 2021. And employers with five or more employees must provide a program by June 30, 2022. If you’re an employer in California, you must offer the CalSavers Retirement Savings […]
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Helping Employees Set Up a Financial Safety Net

Your water heater fails. Your car breaks down on the side of the road. Your spouse loses their job because of a global pandemic. Life is filled with challenges, and some are more stressful and expensive than others. As a small business owner, you’ve likely witnessed firsthand how financial emergencies can impact your employees. Not […]
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Betterment answers your tax season questions—from 401(k)s to HSAs

It’s tax time! Read on as Eric Bronnenkant, Betterment’s Head of Tax, and Nick Holeman, Betterment’s Head of Financial Planning, discuss common tax queries. Which combination of retirement accounts will likely provide this particular client the most beneficial tax savings over their lifetime?  Nick: The words of this sentence were chosen very carefully because it’s […]
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Did Your 401(k) Plan Fail Its Compliance Test?

Compliance Failure Q&A Q: First things first: what exactly is 401(k) compliance testing and when is it performed? Sometimes called “non-discrimination” testing, compliance testing is conducted shortly after the close of a plan year, so roughly mid-January through mid-April for calendar year plans. In short, a 401(k) plan must pass these tests each year to […]
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