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Half of small and midsize US employers offer a retirement plan

"Just more than half—53%—of the small and midsize employers surveyed offer a retirement plan to their workers." Among reasons indicated by those offering retirement plans, "almost all—96%—cited a desire to help employees save for retirement....91% said they felt that offering a retirement plan had a positive impact on employee performance, while 89% said doing so helped attract and retain employees," according to a 2016 survey of 1600 US businesses conducted by Pew Charitable Trusts. (p. 2 and 7)
Employer barriers to and motivations for offering retirement benefits: Insights from Pew's national survey of small businesses. (2017). Washington DC: Pew Charitable Trusts. Retrieved from this source.
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