Today, around half of the U.S. workforce does not have access to a work-sponsored retirement plan. And those who work at very small companies are even less likely to have one—nearly 80% of companies with 10 employees or less offer no retirement benefit.
With Social Security being largely unable to provide a livable wage for seniors and heavy increases in healthcare costs, there is a big concern in the country today about how to best help our aging population provide for their twilight years.
Dan Beck discusses this gap, and how fintech providers like 401GO are using legislation like SECURE Act 2.0 to help reach those who need access to work-sponsored retirement plans the most.