Now is the time. For how long have we heard that too few people have access to 401(k) plans at their place of employment?
The culprit behind this appears to be small businesses. According to the August 2016 SurePayroll Small Business Scorecard, only 28% of small businesses offer a 401(k) plan.
Add to this the fact that small businesses (those that employ less than 500 workers) account for 47.8% of the workforce, and it's easy to see the lack of retirement plan coverage rests primarily within the small business sector.
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