Money Matters: 401K Options for Small Businesses

Fraud Alert: If you receive a CP53E notice from the IRS, please go directly to irs.gov/account rather than using the QR code printed on the notice. QR codes can be easily created and used by fraudsters. For your security, we recommend typing irs.gov/account directly into your browser. Once there, you can sign in to your account or create an ID.me account and follow the instructions provided by the IRS. If you have questions or concerns about the notice, please contact the IRS directly.

There are two affordable 401K options for small businesses.

SEP – Simplified Employee Pension Plan
SIMPLE Plan

How do these work like a 401K?

Employees contribute to their retirement
Employers can match the contribution
Employees can choose investment options

Can they still choose from stocks, bonds, money market funds, and mutual funds?

Yes; they can mix and match to meet their personal investment objectives and their risk tolerance.

When should you start saving for retirement?

It’s never too soon to start saving.

Money Matters: 401K Options for Small Businesses

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Money Matters: Consolidating 401Ks

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