People working for small businesses are at a disadvantage when it comes to saving for retirement, because their 401(k) plans don't provide as much potential as large employers' plans do.
That's according to a survey from the Guardian Insurance & Annuity Company, Inc., which found that not only are participants in small companies' retirement plans missing out on available investment options, they're also handicapped by fewer features and services—including education options.
"The Guardian Small Plan 401(k) RetireWell Study 2.0: What's Working and Not Working for Small Plan Participants" indicated that plan participants at small businesses may not have all of the tools and resources available when compared to large businesses to optimize retirement savings.
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