>>> In 2010 there were 27.9 million small businesses
Quite misleading no? The link you provided says 78.5 of those 27.9 Million are Nonemployer (business without employees).
So 21.9 million of these businesses are single person businesses (many of which could be side/lifestyle businesses) which I would presume only present $96/year in revenue if they do sign up.
Nonemployer business aren't necessary single-person businesses. (They don't even necessarily have no non-owner workers, since a firm whose non-owner workers are all contractors can still be a nonemployer business.)
Do you provide a 401k for a contractor though? Using contractors is normally a means of offloading costs from a company, that same company is going to provide a benefit that costs them money?
Quite misleading no? The link you provided says 78.5 of those 27.9 Million are Nonemployer (business without employees).
So 21.9 million of these businesses are single person businesses (many of which could be side/lifestyle businesses) which I would presume only present $96/year in revenue if they do sign up.