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401(k) Plans

401(k) PlansBusiness ownersEmployee benefitsRetirement PlanningSEP IRASolo 401(k)Updated for 2021

3 Retirement Plans for Small Businesses: How They Compare

What's the best retirement plan for small businesses? Business owners with employees have several options: traditional 401(k) plan, SIMPLE 401(k), SIMPLE IRA, and SEP IRA are the most popular. The best option will depend on factors unique to your business such as budget, employee makeup and funding goals (for yourself,…
January 7, 2020
401(k) PlansBusiness ownersInfographicsRetirement PlanningSEP IRASolo 401(k)Tax planningUpdated for 2021

SEP IRA vs Solo 401(k): What’s the Best Retirement Plan for Small Business Owners?

Updated for 2021. Business owners have several retirement plans to choose from. For small companies, the SEP IRA and Solo 401(k) are the most common. What are the pros and cons of the SEP IRA vs Solo 401(k)? Determining which plan is best suited for you will depend on certain…
February 8, 2017