Only about 16 percent of businesses with fewer than 50 employees in the United States have 401(k) plans. Small-business owners are so focused on developing their businesses that some do not realize that those assets can grow at a much faster rate for their retirement under the right plan.
An October survey by ING DIRECT's ShareBuilder401k, found that "not enough employees" was the top reason cited by small-business owners as to why they do not have a 401(k) plan. That's despite the fact that even sole proprietorships with no other employees can have 401(k)'s.
What Small Business Owners Need to Know About 401(k)'s
Posted by TimJustus under Employee BenefitsFrom http://www.usnews.com 5738 days ago
Made Hot by: on August 21, 2008 5:02 am
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