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Wondering which retirement plan is right for your small business?

Updated: Oct 24, 2023

One of the biggest accomplishments of a small business is when you begin turning profits and can begin putting money away for later.


We get many questions from small business owners about retirement plans because it benefits them in a number of ways: it helps them increase saving for their own retirement, decrease their annual tax bill, and helps attract and retain employees


A small business has flexibility in which retirement plan they adopt. Flexibility is great, but it also comes when complexity. We put together this chart to help give a high-level comparison of the different retirement plan options available to small businesses.


Comparison of Owner 401k, Simple IRA and SEP IRA

No two small businesses are the same. We are happy to help walk you through what plan may be best for you and answer any questions you may have.

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