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37% of Americans are not saving for retirement. Only 4 in 10 businesses with less than 100 employees offer retirement benefits. These are sobering statistics. In response to these stats, state governments are taking action. They are passing legislation to require small businesses to provide their employees with some type of retirement plan. Employers satisfy this requirement by either enrolling their employees into a state-sponsored retirement program or sponsoring their own plan (ex., 401K) via the private market. The state-sponsored program is normally a Roth IRA.