According to a recent study by Fidelity Investments, more than half (53 percent) of the nearly six million small businesses in the nation don't have an optimal retirement plan.

What's more, many entrepreneurs are confused or uninformed about the features and benefits their current retirement plans offer. Only two-thirds were able to answer a series of basic questions pertaining to their plans, with half of those using a Self-Employed 401(k) unaware of the maximum annual employer contribution allowed. A total of 60 percent didn't realize employer tax filing is not required for SIMPLE-IRAS and 55 percent didn't know that the SEP-IRA plan is solely funded by employer contributions.

"With the April tax filing deadline just around the corner, now is an ideal time for small business owners to reassess their retirement plans and determine if they meet their needs," said Ken Hevert, vice president of Fidelity Investments.

Representatives at a community bank can help entrepreneurs navigate the complexities of retirement plans and pick out what's best for them and their workers. They can also provide a host of other financial tips, either in person at your local My Bank branch, over the phone at 1-888-mybank4 or online at