For Small Businesses, Understanding Retirement Plan Options is Key
Small businesses are an essential part of the American economy, employing almost half of working Americans. Although this is the case, many do not sponsor retirement plans.
This lack of coverage among millions of businesses reflects a few factors, such as lack of understanding about the different retirement savings options available to them, the cost of those options and the impact a savings option may have on their employees.
Data source: 2018 Millennium Trust Small Business Retirement Survey
Clearing up these misunderstandings is key to improving retirement readiness in America. Find out why and what can be done to shift this trend by reading the latest from 401kSpecialist.
The material in this blog is presented for informational purposes only. Millennium Trust Company performs the duties of a directed custodian, and as such does not sell investments or provide investment, legal or tax advice.