Only 24% of Small Businesses Have 401(k)s

That’s the finding of a ShareBuilder 401k survey. Small businesses without a 401(k)—those with 1 to 50 employees—thought they were too small to have a plan and it was too expensive for them. These owners may be unaware of federal tax credits available for starting a plan. What’s more, a plan can be affordable. #IdeaoftheDay