The future of the 401(k) lies with small businesses
The number of small businesses is growing, in some part due to unhappy workers leaving jobs to set up shop on their own. That has led to more startup 401(k) plans.
Small businesses represent most U.S. companies, and they employ about half of the country’s workforce — yet half or more do not offer retirement plans.
It’s an opportunity the financial services industry has long snubbed, as cost-competitive 401(k) services for small plans have lacked the p
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