New research in Bank of America Merrill Lynch's Retirement Benefits Report suggests what we all probably already know – small businesses are challenged by the costs of retirement benefits programs, but would like to have them to help their employees.
But recognizing the problem is the first step toward a solution, and it's also an excellent opportunity for retirement advisors to reach out and grow their own business in 2013.
Rick Irace, head of Institutional Retirement and Benefit Solutions for BofA Merrill Lynch, says the company's most recent study indicates that just 33 percent of small businesses (100 employees or less) are able to offer any kind of DC plan to their workers.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
