401(k) Mandates, Coming to a Business Near You

It’s an unfortunate reality that many Americans have insufficient savings in their retirement accounts, if they have access to one at all. In an effort to give Americans a better chance to save, many states have turned to state-sponsored retirement plans. Many of these plans either require businesses with as few as a single employee to either offer a retirement plan, like a 401(k), or enroll that employee into the state’s plan. Caleb and Liz discuss the trend.