SEP IRA, SIMPLE IRA, or 401(k)?
- SEP IRA: an employer-funded arrangement with eligibility and contribution rules.
- SIMPLE IRA: a small-employer arrangement that can include employee and required employer contributions.
- 401(k): a workplace plan with design, administration and compliance responsibilities.
Why It's Worth Setting Up
A retirement plan can support employee benefits and an owner’s long-term goals. Compare costs, eligibility, contribution obligations and administrative requirements before selecting a plan.
Prepare for a plan discussion
Gather your employee count, business structure, payroll information and goals. Our inquiry starts a conversation about your needs. A qualified plan provider, tax professional or investment professional should confirm plan suitability, setup and administration.