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Small Companies Have a Big Retirement Problem
Bloomberg
Feb. 15, 2017
"The Pew Charitable Trusts asked business owners what they think [about auto-IRA programs], surveying more than 1,600 companies with from five to 250 employees. The majority liked the general idea of an auto-IRA plan, with 27 percent strongly supporting and 59 percent somewhat supporting the concept.... Just 41 percent supported the federal government sponsoring auto-IRAs, with 59 percent opposed, and just 44 percent supported state government-sponsored auto-IRAs. By contrast, 82 percent liked the idea of mutual fund companies sponsoring auto-IRAs, and 72 percent favored insurance companies running the program."
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