Many sole proprietors and small businesses operators were forced to tap into their retirement and 401(k) savings during the Great Recession in recent years. But investments back into those plans have been growing and are higher than they were five years ago, according to a new survey.
A ShareBuilder 401(k) – a subsidiary of Capital One – survey says nearly a quarter of small businesses now offer a 401(k) plan (compared to 10% in 2008). The majority of small business owners (58%) say their current retirement savings is higher than it was five years ago.
