Retirement plans are either Individual Retirement Arrangements, Defined Contribution Plans or Defined Benefit Plans.
Small businesses may choose to offer each of these types of plans which are approved by the IRS.
A small business owner will need help choosing the type of plan most suitable to their business. This is the type of advice that Roventini Financial Services, Inc. of New City, NY has been providing for over 36 years.
Here is an example of the options that the small business owner can have when choosing a retirement vehicle:
PAYROLL DEDUCTION IRA, SEP, SIMPLE IRA PLAN, PROFIT SHARING, SAFE HARBOUR 401(k), AUTOMATIC ENROLLMENT 401(k), TRADITIONAL 401(k), DEFINED BENEFIT PLANS.