Small Business Retirement Plans

Many small business owners are self employed and have no W-2 employees (other than a spouse) who work more than 1000 hours per year. Small business owners who have this scenario frequently select from the Individual 401k, SEP IRA, Defined Benefit plan, or Simple IRA.

These small business retirement plans are popular because they offer high annual contribution limits and some plans permit loans.

Are you a one person business, a business owner with a spouse as the only full time employee or a partnership with no W-2 employees?

Examine the features of these small business retirement plans to determine which plan is appropriate for you.

Learn more about these small business retirement plans.

Note: The Individual 401k permits tax free loans up to a maximum of $50,000. Learn more about how to obtain small business loans using an Individual 401k loan.

Are you a small business owner with full time employees?

Small business owners with full time employees generally select from retirement plans that fall into 3 categories.

1. Retirement plans that are exclusively funded by the employer
2. Retirement plans that are employer and employee funded
3. Retirement plans that are exclusively employee funded

Learn more about small business retirement plans available for small business owners with employees.

Comparison of small business retirement plans

View a chart and compare small business retirement plans.

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Disclosures:

*  The information on this page is for informational purposes only and does not constitute, and should not be construed as, professional, legal or tax advice. To determine your individual tax situation and specific needs, please consult a professional tax advisor.

* Information contained in these sections merely highlight some benefits. There are risks involved with all investments that could include tax penalties and risk/loss of principal.