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Pooled Employer Plans vs. SIMPLE IRA - There are now many different retirement plan options for employers. It is becoming more common to see Pooled Employer Plans and SIMPLE IRAs evaluated against one another. Both types of plans can be good options for the right situation. This chart takes a look at the differences between the two plans.

Small Business Retirement Plan Options - 2024 - This 4-page chart compares the four common types of plan designs often utilized by small employers.

Solo 401k Plans Eligible for Up to $1,500 in Tax Credits - SECURE 2.0 auto-enrollment tax credit provides a "substantial incentive" for self-employed individuals to open Solo 401ks. The auto-enrollment tax credit also provides substantial incentives even when upgrading an existing plan.

How to Use Your 401k Funds to Start a Business - One of the biggest challenges entrepreneurs face, after coming up with their idea, involves financing that new business. If you've been working for some time, you've no doubt had the opportunity to set aside some money to use for this purpose. On the other hand, that savings may not be enough. Did you know there might be a source close to home? It's sitting right there in your 401k plan. This strategy is referred to as "Rollovers As Business Startups" or "ROBS."


Resources

A glossary retirement plan and investment terms available here.


Information on Small Business Plans

Starting a small business retirement savings plan can be easier than you think. Here are some resources on a varity of retirement plans available to the small business person.

Small Business Retirement Plan Options - 2024 - This 4-page chart compares the four common types of plan designs often utilized by small employers.

DOL's 401k Plans for Small Businesses

Choosing a Retirement Plan for Your Small Business -- In this piece you will find a chart outlining the advantages of each of the most popular types of IRA-based and defined contribution plans and an overview of a defined benefit plan.

Retirement Plans FAQs Regarding SEPs

FAQs Regarding SIMPLE IRA Plans

SEP Retirement Plans for Small Businesses

Simple IRA Plans for Small Businesses


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