A new survey of small business owners finds that many still don't feel they can afford to offer retirement savings plans as a benefit, despite increased interest after the recent SECURE 2.0 legislation.

The Small Business Retirement Survey Report, released by Capital Group, found a 7% increase in interest in offering a retirement plan among small business owners since the passage or the law, which was designed to make it easier for businesses to offer such plans to their employees.

The report, which surveyed more than 600 business owners and employers in May and June of this year, found modest increase in interest, but also found that nearly 40% of owners believe their company isn't big or stable enough at the moment to offer a retirement plan. A further finding, that 74% of small business owners saying they are "likely" to implement such a plan in the next two years, may be a reflection of a wait-and-see attitude, but suggests that challenges still exist for these companies.