Compare Retirement Plans
Use this retirement plan comparison chart to compare the differences between common retirement plans.
Retirement Plan Comparison Chart
From mom-and-pop shops to fast-growing enterprises, there’s a retirement plan for every type of SMB. This chart compares a few common types of retirement plans, and includes contribution rules, loan allowances, and general plan management considerations.
|
Solo(k) with
Fisher\SMB |
401(k) with
Fisher\SMB |
SIMPLE IRA with
Fisher\SMB |
SEP IRA with
Fisher\SMB |
||
|---|---|---|---|---|---|
|
Contributions |
Employee Income Limits
|
None
|
None
|
None
|
None
|
|
Annual Contribution Maximum
|
$72,0001
|
$72,000 1
|
$17,000
|
$72,0001
|
|
|
Incremental Owner Contributions Available
|
Yes2
|
Yes2
|
No
|
Yes2
|
|
|
Tax-Deferred Contributions
|
Pre-tax & Post-tax options
|
Pre-tax & Post-tax
options |
Pre-tax only
|
Pre-tax only
|
|
|
Employer Contributions
|
Optional
|
Optional
|
Required (100% match up to 3%, or 2% non-elective)
|
Required
(Same % as owner) |
|
|
Loans Allowed
|
Yes
|
Yes
|
No
|
No
|
|
|
Plan
Management |
Cost
|
Low Cost
|
Low Cost
|
Low Cost
|
Low Cost
|
|
Administration
|
Easy to start and maintain
|
Easy to start and maintain
|
Easy to start and maintain
|
Easy to start and maintain
|
|
|
Employee Exclusions
|
N/A
|
N/A
|
No
|
No
|
1$80,000 if over age 50. 2Up to $435,250 annually via a cash balance plan.
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