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February 28, 2020

Appleby’s 2020 Employer Retirement Plan Comparison Table for Small Businesses

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Updated for the SECURE Act

Click here to download >> 2020 Employer Plan Comparison Table for Small Businesses (download here)

This table provides a comparison of the features and benefits that apply to retirement plans that can be sponsored/adopted by small business owners. Focus on the areas that are important o the business owner, so as to help ensure that the plan that is chosen is the plan that is most suitable for the business.

Plans covered :

  • SEP IRAs
  • SIMPLE IRAs
  • 401(k)s
  • Solo 401(k) / Individual-K
  • Profit Sharing
  • Money Purchase Pension
  • Defined Benefit Pension

 

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Annual Benefit Limit

Definition The annual benefit limit for defined benefit plans is the lesser of: A) 100% of the participant’s average compensation for his or her highest

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