For the past several years, health care has understandably been the focus of the benefits conversation, but recent circumstances – rising student loan debt and longer life expectancy among them – have brought retirement savings back to the forefront for employers, employees, HR leaders, and benefits providers alike.

As retirement readiness becomes a growing concern for today's workforce, retirement plans, including 401(k)s, are an increasingly important offering when it comes to attracting and retaining top talent.

Yet, due to several common misperceptions around retirement benefit offerings, many small businesses do not offer 401(k) plans to their employees or themselves.