For any type of public or private company. 401k plans are generally most appropriate for companies with 20 or more employees.
Business Size
Best Suited For:
Who Contributes:
Employee Deferral:
Employer Contribution:
Roth Option:
Loan Availability:
Early Withdrawal:
RMD Age:
IRS Filing:
ERISA Status:
Fees:
Admin Complexity:
Investment Options:
Startup Credit:
Portability:
Auto Features:
Advisor Managed:
Any business size
Any workforce
Employer & employee
401(k) Deferral
Optional*
Roth Yes
May be available
Standard 10%
Generally 73**
5500 Yes
ERISA Yes
Varies by provider
Medium
Level II
Credit Available
Rollover In/Out
Auto Enroll, Auto Escalation
Advisor Managed Yes
For self-employed individuals and owner-only businesses. The owner’s spouse may participate in the plan.
Business Size
Best Suited For:
Who Contributes:
Employee Deferral:
Employer Contribution:
Roth Option:
Loan Availability:
Early Withdrawal:
RMD Age:
IRS Filing:
ERISA Status:
Fees:
Admin Complexity:
Investment Options:
Startup Credit:
Portability:
Auto Features:
Advisor Managed:
Owner Only
Owner Only
Employer & employee
401(k) Deferral
Up to 25%
Roth Yes
Loans Yes
Standard 10%
RMD 73
5500 Yes
ERISA No (Owner Only)
Varies by provider
Low
Level II
Credit Available
Rollover In/Out
None
Advisor Managed Yes
For self-employed individuals or small-business owners, primarily with only a few employees.
Business Size
Best Suited For:
Who Contributes:
Employee Deferral:
Employer Contribution:
Roth Option:
Loan Availability:
Early Withdrawal:
RMD Age:
IRS Filing:
ERISA Status:
Fees:
Admin Complexity:
Investment Options:
Startup Credit:
Portability:
Auto Features:
Advisor Managed:
Any business size
1–4 Employees
Employer Only
No Deferral
Up to 25%
Roth No
Loans No
Standard 10%
RMD 73
5500 No
ERISA No (Owner Only)
Varies by provider
Low
Level II
Credit N/A
Rollover In/Out
None
Advisor Managed Yes
For businesses with 100 or fewer employees and self-employed individuals.
Business Size
Best Suited For:
Who Contributes:
Employee Deferral:
Employer Contribution:
Roth Option:
Loan Availability:
Early Withdrawal:
RMD Age:
IRS Filing:
ERISA Status:
Fees:
Admin Complexity:
Investment Options:
Startup Credit:
Portability:
Auto Features:
Advisor Managed:
Any business size
5–19 Employees
Employer & employee
SIMPLE Deferral
Match 3%,Nonelective 2%
Roth No
Loans No
SIMPLE 25% (First 2 Years)
RMD 73
5500 No
ERISA Yes
Varies by provider
Low
Level I
Credit Available
Limited
None
Advisor Managed Yes
A CRA (also known as a “pension trust”) holds your plan’s assets, gives you expanded investment options, and lets you access custom retirement planning tools, research, and resources.
Business Size
Best Suited For:
Who Contributes:
Employee Deferral:
Employer Contribution:
Roth Option:
Loan Availability:
Early Withdrawal:
RMD Age:
IRS Filing:
ERISA Status:
Fees:
Admin Complexity:
Investment Options:
Startup Credit:
Portability:
Auto Features:
Advisor Managed:
Any business size
Any Business Size
Employer Only
No Deferral
Discretionary
Roth No
Loans No
Standard 10%
RMD 73
5500 Yes
ERISA Yes
Varies by provider
High
Level II
Credit N/A
Rollover In/Out
None
Advisor Managed Yes
A Defined Benefit Plan helps self-employed and small business owners save aggressively for retirement by allowing you to make very high contributions.
Business Size
Best Suited For:
Who Contributes:
Employee Deferral:
Employer Contribution:
Roth Option:
Loan Availability:
Early Withdrawal:
RMD Age:
IRS Filing:
ERISA Status:
Fees:
Admin Complexity:
Investment Options:
Startup Credit:
Portability:
Auto Features:
Advisor Managed:
Any business size
20–99 Employees
Employee Only
No Deferral
DB Formula
Roth No
Loans No
Standard 10%
RMD 73
5500 Yes
ERISA Yes
Setup & Ongoing Fees
High
Level III
Credit N/A
Limited
None
Advisor Managed Yes
Let’s Talk
800.832.8514
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