The vast majority of businesses in the U.S. employ fewer than 100 workers, yet these employees have less access to retirement planning vehicles and other benefits than those who work for larger companies. That means the 35% of Americans who are employed by small businesses don't have the same opportunity to save for retirement via tax-advantaged vehicles that many others have.
In fact, a survey of small-business owners by Bank of America Merrill Lynch found that only 33% of all small businesses offer retirement plans, even though 75% of those businesses feel a sense of responsibility toward their employees. It's likely that those businesses would be more attractive to potential employees if they offered a retirement plan. And many small-business owners may not realize that retirement plans have become more affordable in recent years as more options have become available.