Top three reasons why

employers don’t start a plan

In recent employee surveys, many employees expressed concern or even fear about their retirement, and 87% said that their employer should help with this.

In another survey, the most requested benefit from employers was a retirement plan. As a business owner, I have noticed that small business owners often have a personal relationship with their employees and know their financial situation. When asked if they would offer their employees the opportunity to save for retirement through payroll deductions, most employers say yes.

1. 2. 3.

Cost – Employers believe it’s too expensive.

Revenues are not certain. Because it’s a small business, revenues are uncertain from year to year.

Employers believe employees would rather have more money now instead of planning for retirement.

“National Association of Plan Advisors”, writer Ted Godbout. Surveys done by the Employer Benefit Research Institute, The Pew Charitable Trust, and the Transamerica Institute.