Setting up a Retirement Plan

Choosing a Retirement Plan

If you’re a small employer or self-employed individual, starting a retirement plan can benefit you and your employees.

• Employer contributions are tax deductible

• A plan helps attract and retain employees.

• Small employers may receive a tax credit for new plans of up to $5,000/year for three years for the cost of setting up a new plan

• Low- to moderate-income employees may claim a Saver’s Credit of up to 50% for contributions made to IRAs and certain retirement plans

These updated publications can help you find a retirement plan that’s the best fit for your business or organization.

• Pub. 3998 (PDF) Choosing A Retirement Solution for Your Small Business (English)

• Pub. 3998 (PDF) Choosing A Retirement Solution for Your Small Business (Spanish)

• Pub. 4222 (PDF) 401(k) Plans for Small Businesses

• Pub. 4333 (PDF) SEP Retirement Plans for Small Businesses

• Pub. 4334 (PDF) SIMPLE IRA Plans for Small Businesses

• Pub. 4587 (PDF) Payroll Deduction IRAs for Small Businesses

• Pub. 4806 (PDF) Profit Sharing Plans for Small Businesses

• Pub. 4484 (PDF) Choose a Retirement Plan for Employees of Tax Exempt and Government Entities

Watch the webinar, Retirement Plans for Small Employers and Self-Employed, on the IRS Video portal.