Summary
According
to the U.S. Census Bureau, 98 percent of businesses in the United
States employ fewer than 100 workers. Compared with their larger
counterparts,
small employers may have difficulties
providing workers with a wide range of financial wellbeing benefits. In
many cases, smaller employers may not
have teams dedicated to sourcing and
implementing cutting-edge benefits and may face financial constraints.
However, some small employers are able
to offer a rich suite of financial
wellbeing benefits. This Fast Fact takes
a brief look at the EBRI Small Employer
Financial Wellbeing Employer Survey,
which focused on small businesses and reveals some surprising
conclusions regarding benefit offerings and behavior.