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FACT OF THE WEEK
 

4 in 10 small business owners do not offer retirement plans

 

 
56% small business owners* offer a retirement plan and 44% do not. Reasons indicated for not offering retirement plans include expense (71%), limited administrative resources (63%), and lack of employee interest (50%), according to a 2017 report from Pew Charitable Trusts. (Methodology and fig. 1)
       
 
        Pew Charitable Trusts. (2017). Small business views on retirement savings plans (Issue Brief). Washington DC: Pew Charitable Trusts. Retrieved from this source.
  *Sample included 1600+ U.S. employers with 5- 250 employees.
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