Small businesses shun retirement plans over cost, complexity fears
Only about half of U.S. private-sector workers participate in an employer-sponsored retirement plan at any given time — a gap driven almost entirely by small employers, according to new research from the Center for Retirement Research at Boston College.
Only about half of U.S. private-sector workers participate in an employer-sponsored retirement plan at any given time — a gap driven almost entirely by small employers, according to new research from the Center for Retirement Research at Boston College.
BELLINGS Intelligence Score: 12
Why it matters
This research highlights a persistent issue of small businesses avoiding retirement plans due to cost and complexity, which is routine and well-known market behavior with limited immediate impact on credit markets or underwriting standards.
Sources
HousingWire
Small businesses shun retirement plans over cost, complexity fears
Only about half of U.S. private-sector workers participate in an employer-sponsored retirement plan at any given time — a gap driven almost entirely by small employers, according to new research from the Center for Retirement Research at Boston College.