Retirement Plan Options

Retirement Plan Options

Sometimes, finding the right employees is easier when you have the right retirement plan. Savvy employees will be able to recognize a good retirement plan. Here are a few of your plan options:

  • Simplified employee pension (SEP IRA)
  • Savings incentive match plan for employees (SIMPLE IRA)
  • Profit-sharing plan/money purchase pension plan
  • 401(k) plan
  • Defined benefit plan

The right type of plan for you depends on the size of your business and other factors.


The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions.  For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.