Workplace retirement plans are the key to successful retirement for American workers in small businesses, according to a survey by the Guardian Insurance & Annuity Company.

The Small Plan 401(k) Retire Well Study: What's Working and Not Working for Small Businesses showed wide-spread satisfaction among sponsors who offer qualified retirement plans in the small-plan market, particularly if they work with a financial professional.

Ninety-eight percent of plan sponsors are either "very" or "somewhat" satisfied with their 401(k) plan. In addition, 61 percent of plan sponsors who work with a financial professional are "very satisfied" with their 401(k) plan overall compared to only 40 percent of sponsors who are "very satisfied" with their plans and do not use a financial professional.

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