Employers Interested in New Retirement Plan Ideas: Transamerica Institute

About 61% of all participating employers, and 52% of the employers with fewer than 100 employees, said they already offer some kind of employee-funded or employer-funded retirement benefits.

Retirement Plan Demand

About 39% of the participating employers lacked retirement benefits.

The analysts found that 17% of all participating employers — 43% of the employers without retirement benefits — said they have no retirement plan but hope to add one within the next two years.

Another 6% of all participating employers — 15% of the employers without retirement benefits — said they have no retirement plans and aren't likely to add retirement plans within the next two years, but that they are somewhat or very likely to consider new retirement plan options, such as joining a multiple employer plan, a pooled employer plan or group of plans.

Objections

The most common employer survey participant objections to offering retirement plans were:

• 79% said their companies simply aren't big enough
• 31% said it was due to costs
• 12% cited lack of employee interest
• 12% cited lack of company interest
• 6% cited administrative complexity and the amount of work involved

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