Millions Gain Access to 401(k)s as More Small Businesses Launch Plans
A relatively strong job market, new tax breaks and state mandates are leading more small businesses to offer employees a 401(k) plan.
The state mandate boost can be seen in California, Oregon and Illinois. Those three states were among the first to require private-sector employers that don’t offer retirement plans to give employees access to state-sponsored programs.
A relatively strong job market, new tax breaks and state mandates are leading more small businesses to offer employees a 401(k) plan.
The state mandate boost can be seen in California, Oregon and Illinois. Those three states were among the first to require private-sector employers that don’t offer retirement plans to give employees access to state-sponsored programs.
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