News | 04.02.19
Small Businesses Wary of Government-Run Retirement Programs: SPARK Institute Survey
Small business owners in the United States have more faith in financial services firms than in the public sector when it comes to administering retirement savings programs, a survey released by the SPARK Institute found. The survey asked 400 small employers to rank their preferences for administering retirement plans. While 89 percent of respondents indicated a high level of trust in retirement plan providers, only 53 percent trusted governments. A key factor for small businesses surveyed was cost.
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