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Misperceptions around cost and company size requirements could play a role in the disparity among small and large companies offering retirement savings plans to their employees, according to new research from Capital Group.
The firm found only 28% of businesses with less than 10 employees offer retirement plans and only 51% of businesses with 10-24 employees offer them. According to the firm's research, many companies that do not offer a retirement plan may be unaware of their employees' strong desire to have one.
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