Seventy-five percent of small business owners polled in a recent survey said they agree that most American workers are financially unprepared for retirement, but only one in five small businesses offer their employees a 401(k) or other employee self-funded retirement plan.

The Nationwide Financial/Harris Poll of 501 small business owners also found that only 11 percent of respondents plan to add an employee-sponsored 401(k) plan within the next two years. Sixty-nine percent say their business is too small and more than half say it is too expensive.

Thirty-seven percent of the business owners surveyed, who have at least six employees, said they are under pressure from employees to offer a retirement plan, and 78 percent said that having a retirement plan is effective in attracting qualified employees.

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