Small businesses, it is often said, power the nation's economy.
Firms with fewer than 500 employees represent 99.9 percent of all businesses, according to the Small Business Administration.
Upwards of 55 million people work for businesses that do not sponsor retirement plans. That coverage gap widens among small businesses. Only 48 percent of employees in firms with less than 50 workers have access to a workplace retirement plan, compared to 91 percent in firms with more than 500 workers.
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