Less than 10 percent of small business employees in the largest Hispanic metro areas have access to an employer-provided retirement plan.
SmallBizTrends reports that a new study from Finhabits finds that among small businesses located in the top five Hispanic metro areas of the U.S., an average of just 4 percent of small businesses with fewer than 100 employees offered their workers a 401(k).
The 2017 Latino Small Business Workers Lack Retirement Savings study found a significant ethnic gap in retirement savings.
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