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The AARP 2017 Tennessee Small Business Owner Work and Save Study was a telephone study among 450 small business owners or decision makers about employee benefits at companies with 1-100 additional employees within the state of Tennessee.
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Key findings include the following:
- Three in four (74%) small business owners support legislation that would establish a basic, privately managed, ready-to-go Tennessee retirement savings option.
- More than eight in ten (84%) agree that Tennessee lawmakers should support a state retirement savings option.
- About four in five (78%) small businesses in Tennessee say they do not offer a retirement savings plan.
- Two in three (58%) say they are likely to offer employees access to a state retirement savings option if it were available.
Interviews were conducted August 29-September 20, 2017. Sample, including owner names and companies, came from a Dun & Bradstreet business list. The margin of error for the sample of 450 for Tennessee is +/-4.6%. For more information contact Jennifer Sauer at JSauer@aarp.org.
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