Challenges for Smaller Employers in Offering Retirement Plans

A significant portion of the U.S. population lacks access to workplace retirement plans, particularly among smaller employers with fewer than 100 employees. This gap in retirement savings is coming to the forefront as discussions focus on how to provide retirement solutions for this demographic. The current landscape highlights the need for innovative strategies that enable small businesses to offer effective retirement options, ensuring that their employees can begin saving for the future. Addressing these challenges is crucial for improving overall financial security for a large segment of the workforce that remains underserved.