Small business owners view having a solid retirement plan as critical, both personally and for employees, according to an survey of 1,000 people by SunTrust Bank. Nonetheless, nearly 40% do not offer one.

The overriding reason why is cost, cited by 90%, perceptions of such plans as being difficult to use (89%), ease of setting up a program (87%), fee transparency (87%) and quality and range of investments available (87%).

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