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.
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.
Sauer, Jennifer. 2016 AARP Survey of Rhode Island Small Business Owners: State Retirement Savings Plan. Washington DC: AARP Research, December 2017. https://doi.org/10.26419/res.00190.001