Legislation Could Help Small Businesses Offer Retirement Plans...Kinda?
Only a third of people who worked for companies employing between 10-100 people had access to a company-sponsored retirement plan. Those small businesses say it’s too expensive, even though nearly four out of five business owners say that such a plan would help them retain higher-quality candidates.
Now, USA TODAY reports, the Senate Special Committee on Aging is considering introducing legislation that would let small businesses pool with other businesses to create a group retirement plan.
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