Nearly three quarters of employers that do not offer their workers a defined contribution retirement savings plan are not likely to implement the option any time soon, according to the Transamerica Center for Retirement Studies' 16th Annual Retirement Survey.
Sponsors said their primary reason for not offering a retirement plan was that their "company is not big enough" — 58 percent of employers that don't have a plan in place cited that as the reason.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
