3 reasons why 401(k)s remain popular with small-business owners

J.P. Morgan Asset Management surveyed owners of businesses with between five and 50 employees and annual revenues ranging from $50,000 to $20 million about their 401(k)s.

By Alan Goforth | December 16, 2020 at 08:17 AM

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Small-business owners are bullish on 401(k) plans despite the financial challenges of the pandemic. Nearly half of them offer a retirement plan as an employee benefit, and most of those are 401(k)s.

J.P. Morgan Asset Management surveyed owners of businesses with between five and 50 employees and annual revenues ranging from $50,000 to $20 million. Researchers found three reasons why 401(k) plans are popular.

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