As of 2022, 69% of employees in the private industry workforce had access to a retirement plan, according to the U.S. Bureau of Labor Statistics. We know that in many cases, outside of an individual’s homeownership, their retirement plan tends to be their largest financial asset, which makes it extremely important for long-term financial stability. While business owners tend to offer a retirement plan to support employee retention and talent attraction, the plan is not revenue generating, so even…
