NU Online News Service, Dec. 26, 1:33 p.m. – Greenwald & Associates, Washington, an independent polling firm, says cost is just one of several factors scaring owners of small businesses away from offering retirement plans.
When Greenwald surveyed 730 owners of businesses with 25 to 200 employees for Nationwide Financial Services Inc., Columbus, Ohio, it found that more cited cost as a top concern than any other factor: 89% said they were worried about cost.
But 83% were worried about legal problems, and 81% were worried about administrative hassles.