- Over 5 million more small-business workers gained access to retirement plans since 2019 — sectors that rarely offered 401(k)s before (like hospitality) have jumped (hospitality: 4% → 12%).
- Employers cite state mandates (e.g., California, Delaware), retention and competing with big firms as reasons they’re adding plans, and many small firms are now hiring staff from larger companies.
- Participation rose most for hourly workers (about 33% in 2019 → 45% in 2026), broadening who’s saving even as overall small-business savings rates shifted.
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