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September 11, 2017

Firms' benefit decisions based on size, location

AP Business Writer

Companies are more likely to offer employee retirement plans if they're in the Northeast, have more than 50 employees, and a high percentage of those staffers work full-time. Those are among the findings of a survey of more than 1,600 small and medium-sized businesses by the Pew Charitable Trusts.

Pew found that whether a company uses more full-timers or part-timers plays a role in whether workers are offered retirement benefits. The survey found there is a 66 percent likelihood that a company with only full-time workers will provide a retirement plan versus a 44 percent likelihood where staffers are divided evenly between full- and part-timers.

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