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0.000329380764163281 0.000805152979065914 -0.000146391450739352 -0.00365978626848192 -0.00724637681159427 -0.00746596398770319 -0.0060020494803103 -0.0109793588054458
Stock impact report

Only 24% of Small Businesses Offer a 401(k) Plan According to Survey [Yahoo! Finance]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
SEATTLE, June 03, 2024 BUSINESS WIRE )--An independent survey commissioned by ShareBuilder 401k , a leading digital 401(k) provider specializing in low-cost, all-ETF retirement products and resources for small- to mid-sized companies, reveals that only 24% of small businesses with 1-50 employees offer 401(k) benefits to their employees. The survey identified key barriers preventing wider adoption, including the belief by 55% of respondents that their business is too small to access a plan or that they cannot afford to offer a company match (28%). Additionally, 22% of owners believe providing a 401(k) plan is too expensive. Any size business, including the self-employed, can offer a 401(k), and matching is not required to offer 401(k) benefits. In addition, most small business owners are unaware of recent legislative changes and the low-cost providers in the marketplace designed to make retirement plans affordable for businesses of any size. The Secure Act 2.0 enacted provides signi Show less Read more
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