Findings From the 2003 Small Employer Retirement Survey (SERS)

September 2003, Vol. 24, No. 9
Paperback, 12 pp.
PDF, 146 kb
Employee Benefit Research Institute, 2003

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Executive Summary

Findings From the 2003 Small Employer Retirement Survey (SERS)—This article examines the results of the sixth annual SERS, regarding retirement plan sponsorship among decision makers in 300 small employers (companies with five to 100 full-time workers) without retirement plans. Revenue uncertainty is the reason most often cited by these employers for not sponsoring plans; other reasons include cost and administration-related issues; lack of employee demand, and insufficient business profitability. This article concludes that unless either small businesses become more profitable or the federal government provides substantial subsidies, it is unlikely that many potential small plans sponsors will be able to overcome the cost hurdle.