2016 AARP Survey of Rhode Island Small Business Owners: State Retirement Savings Plan

Survey findings show that Rhode Island small business owners (those with 0-100 additional employees) are concerned about their employees having enough money to retire.  

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Key findings include the following:

• Rhode Island small business owners are concerned about employees having enough money to retire – two-thirds (65%) are very/somewhat concerned. 
  
  
• Most small business owners say they support state legislation to create a basic, ready-to-go, privately-managed retirement plan for employees.  
  
  
• The majority of small business owners agree that Rhode Island lawmakers should support a plan to make it easier for small business owners to offer their employees a way to save for retirement.
  
  
• Most Rhode Island small business owners agree that being able to offer a voluntary, portable retirement plan would help small businesses attract and retain quality employees and stay competitive.

The AARP 2016 Rhode Island Small Business Owner Work and Save Study was a telephone study among 459 small business owners or decision makers about employee benefits at companies with 0-100 additional employees within the state of Rhode Island. Interviews were conducted October 25-November 15, 2016. Sample, including owner names and companies, came from a Dun & Bradstreet business list. For more information contact Jennifer Sauer at JSauer@aarp.org.