A recent study, conducted by
Since Schwab's retail small business clients are owner-only business, Schwab is jumping at the chance to give them opportunity to "ramp up" retirement savings.
"Many small business owners just aren't aware of the great retirement plan options available to them, whether they are contractors or consultants, owner-only firms, or small businesses with employees," said Tracy Siegel, vice president for retirement and education products at Schwab. "These plans offer a world of flexibility. There's a retirement plan solution available for almost every small business owner - regardless of whether it's someone just starting out as self-employed consultant or someone with a more mature business who needs to play catch-up."
Also, Schwab is currently trying to educate small business owners about their retirement plan options with a newly published Guide to Small Business Retirement Plans.