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graphic of large hand reaching out to small man Bureau of Labor Statistics’ data shows a massive imbalance between large and small employers’ sponsorship of retirement plans. While more than 90 percent of large employers sponsor a 401(k) plan, only 48 percent of employers with fewer than 50 employees sponsor a plan. (Photo: Shutterstock)

When recordkeepers of small business 401(k) plans pitch the simplicity and low cost of their platforms, third-party advisors and employers often assume that value comes at the expense of quality and service.

Nick Thornton

BenefitsPRO

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