2016 South Carolina Small Business Owners Survey on Retirement Planning

by

Cassandra Cantave Burton

South Carolina small business owners and decision makers  agree that saving for retirement is important. Many are in favor of a retirement savings option. While most do not provide their

employees with a savings retirement plan, many do support a plan to make it easier for small business owners to offer a way to save for retirement. Additionally, they feel that they would be

able to attract and retain quality employees and have a competitive edge if they were able to offer a retirement option to their workers.

Key findings include:

managed, ready-to-go state retirement savings plan.Sixty-four percent (64%) would offer employees a state retirement savings plan if it were available.Retirement savings options provide

South Carolina small businesses a competitive edge.

The AARP 2016 South Carolina Small Business Owner Survey 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 South Carolina. Interviews were conducted May 20-June 9, 2016. For more information contact Teresa Arnold, AARP South Carolina at [email protected] or Cassandra

Cantave at [email protected].

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