Nevin's Data "Points"

People who don’t have access to a plan at work don’t save for retirement. Here’s why small business owners should care. About half of private sector workers did not participate in a workplace retirement savings program in 2012, and a recent report by the Government Accountability Office (GAO) found that most workers who did not have coverage lacked access to such programs. While there are many reasons that might account for those individual decisions, among those not participating, the majority worked for an employer that did not offer a program or they were not eligible for the programs that were offered. In particular, lower income workers and those employed by smaller firms were much less likely to have access to programs, after controlling for other factors. However, the majority of these workers participated when they had workplace access. Here’s why small businesses should provide that access. To attract and retain workers. Okay, every time somebody talks about the rea...