The AARP 2017 Tennessee Small Business Owner Work and Save Study was a telephone study among 450 small business owners or decision makers about employee benefits at companies with 1-100 additional employees within the state of Tennessee.
Key findings include the following:
- Three in four (74%) small business owners support legislation that would establish a basic, privately managed, ready-to-go Tennessee retirement savings option.
- More than eight in ten (84%) agree that Tennessee lawmakers should support a state retirement savings option.
- About four in five (78%) small businesses in Tennessee say they do not offer a retirement savings plan.
- Two in three (58%) say they are likely to offer employees access to a state retirement savings option if it were available.
Interviews were conducted August 29-September 20, 2017. Sample, including owner names and companies, came from a Dun & Bradstreet business list. The margin of error for the sample of 450 for Tennessee is +/-4.6%. For more information contact Jennifer Sauer at JSauer@aarp.org.
Nelson, Brittne. AARP 2017 Tennessee Small Business Owner Survey. Washington, DC: AARP Research, February 2018. https://doi.org/10.26419/res.00212.001