Small Employers, Big Responsibilities 
 

Over the past 30 years, the defined-contribution system has evolved into two distinct segments: large-company plans, which are mostly established and robust; and small-company plans, which are often absent and are frequently weak even when offered. We propose two solutions for improving the number and quality of small-company plans.

 
 

In this paper, we examine:

  • The debate about the retirement crisis in America

  • The gap between large- and small-company 401(k)s

  • How policymakers can address the challenges small employers face