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Hawai`i Retirement Savings Program: Opinions of Small Business Owners

Four in five Hawai`i small business owners support a privately managed, plug-and-play retirement savings option that would help small businesses offer employees a way to save for retirement, according to a recent AARP survey.

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In addition, most Hawai`i small business owners agree that state lawmakers should support a state retirement savings program. 

The AARP survey explored the opinions of 300 Hawai`i small business owners or decision makers about employee benefits. 

Three in four small business owners express concern as taxpayers that some Hawai`i residents have not saved enough money for retirement, the survey found.

About three in four think that more should be done to encourage Hawai`i residents to save for retirement, according to the survey, and more than three in five are concerned about their employees not having enough money to cover health care or living expenses when they retire. 

About two in five small business owners in Hawai`i say they do not offer a retirement savings plan. Among them, the survey found that more than seven in 10 say they do not offer one because it's too costly, while two in five say they are concerned about how complicated they are to operate.


Interviews were conducted between August 31, 2021 and October 3, 2021. The sample, including owner names and companies, came from a Data Axle USA list and is weighted to the 2017 Economic Census from the U.S. Census Bureau (based on industry and number of employees) in Hawai’i with 5–100 additional employees.

For more information about this survey, please contact Lona Choi-Allum at For media inquiries, contact