How America Saves 2025

Small Business Edition

Small business. Big insights.

Welcome to How America Saves 2025: Small Business Edition, Vanguard’s report on the saving behavior of participants in more than 21,000 small businesses across the U.S. in 2024.* This supplement to our flagship research gives small-business sponsors and their advisors valuable data and insights to help improve their retirement plans and make them more competitive in a growing market.
Read the report

Small vs. large: How small plans stacked up against their larger counterparts in 2024

69 %
69% of small plans had a safe harbor plan design. 30% of large plans did.
24 %
24% of small plans offered an autoenrollment feature. 61% of large plans did.
21.6
Small plans offered 21.6 funds, on average. Large plans offered 17.6.
Vanguard's How America Saves 2025: Small Business Edition is our premier data-based thought leadership on retirement savings in small business plans. But our dedication to small businesses doesn't stop with these comprehensive statistics and insights. See how we turn your small business into our big commitment.
Check out our small-business capabilities

*The data in How America Saves 2025: Small Business Edition is pulled from more than 21,000 retirement plans in our Vanguard Retirement Plan Access™ (VRPA) business with assets ranging from $2 million to $50 million.

 All investing is subject to risk, including the possible loss of the money you invest.

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