Less than 10 percent of small business employees in the largest Hispanic metro areas have access to an employer-provided retirement plan.
SmallBizTrends reports that a new study from Finhabits finds that among small businesses located in the top five Hispanic metro areas of the U.S., an average of just 4 percent of small businesses with fewer than 100 employees offered their workers a 401(k).
The 2017 Latino Small Business Workers Lack Retirement Savings study found a significant ethnic gap in retirement savings.
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.
