From SIMPLE to Sophisticated: Small Business Retirement Plan
Date and time
-
Organizer
Joseph Henry Knick
joseph.knick@scorevolunteer.org
706-910-2875
Host organization
SCORE
Type of event
Resource Partner event
Event description
Does your small business have a retirement plan? What type of qualified retirement plans are available to small businesses? What is the difference defined-contribution plans & defined-benefit plans. What is the advantage & disadvantage of IRA based plans.
Employer-sponsored retirement plans are not just for big businesses. Your small business may also be able to offer employees – and company owners – ways to save for their retirement. Learn about the different options available to small businesses, and which type of plan might work best for your particular company. We will explore the differences between defined-contribution plans and defined-benefit plans, as well as the advantages and disadvantages of IRA -based plans. We will discuss the costs, tax benefits, and contribution limits to help you decide which type of plan is best for your small business.
This presentation will cover the most common types of small business retirement plans, including:
· Defined-Contribution Plans
o Simplified Self Pension (SEPs)
o Simple Plans
o 401 (k) Plans
· Defined-Benefits Plans
o Cash Balance Plans
o Pensions
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