Only 24% of Small Businesses Offer a 401(k) Plan According to Survey [Yahoo! Finance]
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Capital One Financial Corporation (COF)
Last capital one financial corporation earnings: 4/23 04:05 pm
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phx.corporate-ir.net/phoenix.zhtml?c=70667&p=irol-irhome
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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
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COF
Earnings
- 4/25/24 - Miss
COF
Sec Filings
- 6/17/24 - Form 8-K
- 6/14/24 - Form S-4/A
- 6/12/24 - Form 25-NSE
- COF's page on the SEC website