Small business owners displayed very little knowledge about the structure and costs of retirement savings plans available to them, Fidelity Investments found in a survey released Wednesday.
About half of those who use a Self-Employed 401(k) plan did not know the maximum annual employer contribution amount allowed for that type of plan. Also, about 60% of those with SIMPLE-IRAs were not aware that employer tax filing is not required, according to Fidelity.
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