Betterment at Work Partners with First Citizens Wealth to Deliver Scalable 401(k) Solutions 

Betterment at Work, a leading provider of modern 401(k) plans, has announced a partnership with First Citizens Wealth to expand access to scalable, technology-driven retirement solutions. The new offering will serve small and mid-sized business clients of First Citizens Bank, including its Silicon Valley Bank and CIT Bank divisions. 

Under the partnership, First Citizens Wealth will provide consulting services, overseeing plan design, fiduciary responsibilities, investment selection, and benchmarking. Betterment at Work will act as the plan’s recordkeeper, managing administration, digital platform integration, employee resources, and operational support. 

“By aligning with a trusted financial institution like First Citizens, we’re combining their deep banking relationships with our cutting-edge, automated retirement platform,” said Matt Heater, senior director of strategic initiatives at Betterment at Work. 

Phillip Strickland, executive director of trust and fiduciary services at First Citizens Wealth, added: “By integrating our deep expertise in the retirement planning space with Betterment’s modern digital solutions, we’re providing our clients with an effective retirement planning experience, ultimately supporting their business objectives and long-term growth.”