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Data from this survey show solid support among Hawai'i small business owners for a state retirement savings program in Hawai'i. In fact, seven in ten say they would support a

privately managed, ready-to-go retirement savings option that would help small businesses offer employees a way to save for retirement. Additionally, most small business owners agree that

state lawmakers should support a state retirement savings program.  iStock/jewhyte Nearly two-thirds (64%) express concern about their employees not having enough money to cover health care

or living expenses when they retire, with one in three (34%) saying they are very concerned. Most (75%) small business owners in this survey also express concern as taxpayers that some

Hawaiians have not saved enough money for retirement and could end up relying on a public assistance program. Almost two-thirds (63%) of the small business owners in Hawai'i who

responded to this survey say they do not offer a retirement savings plan. When asked how likely they would be to offer their employees access to the retirement savings program being

proposed, most say they would be likely to offer it (very: 28%; somewhat: 41%). The phone survey was conducted among 452 small business owners or decision makers about employee benefits at

companies with 1–100 employees. Interviews were conducted October 2–30, 2018. Sample, including owner names and companies, came from a Dun & Bradstreet business list and therefore the

data is unweighted. For more information, please contact Jennifer Sauer at [email protected]. For media inquiries, contact [email protected].