Cost-related concerns continue to hamper the decision to offer retirement plans, especially among small businesses. According to a new Transamerica study, of the companies that currently don’t offer a retirement plan 74 percent indicate they’re “not at all likely” to offer a plan in the near future – a dramatic jump from 43 percent the prior year.

A positive, however, is that nearly half of employers (49 percent) that responded to the 11th Annual Transamerica Retirement Survey expect their company’s financial situation to improve over the next 12 months, compared to only 29 percent in the year prior. More than 80 percent of companies reported they now offer a 401(k) or similar employee funded plan, up from 78 percent the previous year.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.