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How the Small Business Workforce Saves for Retirement

All information in this article is accurate as of

Small businesses* employ 60 million people who are working hard to save for their future, but we rarely hear about how well – or not – they’re saving because stats on retirement savings published by the finance industry tend to focus on their own customers — typically only large corporations that have been able to access, afford, and implement an old-school company savings plan. 

This report, How the Small Business Workforce Saves, summarizes data from more than 28,000 employees of small and medium businesses nationwide. We report breakdowns by age group, gender, marital status, salary, industry, and region to get insight into how small business employees – who make up roughly half of the U.S. workforce – are saving for retirement. 

Key findings in the report include:

Download the report to read more. 

 

*Defined as businesses with <500 employees

 

The Human Interest Team The Human Interest Team

We believe that everyone deserves access to a secure financial future, which is why we make it easy to provide a 401(k) to your employees. Human Interest offers a low-cost 401(k) with automated administration, built-in investment advising, and integration with leading payroll providers.

Small and medium businesses can be prepared, too.

Start a great retirement benefit for less than the cost of one employee’s health insurance.

Human Interest - The 401(k) provider for small and medium-sized businesses

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Get free 401(k) resources now. Learn more about 401(k)s for you and your company.