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September 11, 2017
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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