Why Do Some Small Businesses Offer Retirement Plans?

The report’s key findings are:

  • Smaller firms are less likely to offer a retirement plan than larger firms but, even so, about half do sponsor a plan.
  • Data on these firms is limited, but they tend to have more highly paid and educated workers and operate in finance, health, and education.
  • Firms without a plan cite financial uncertainty and worker disinterest as hurdles. They also cite costs, which may not be correct.
  • The most useful next steps would be:
    • clarification of the costs of introducing a retirement plan; and
    • a comprehensive survey to identify the most likely future sponsors.


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