Home  |  About  |  Contact  |  Open a Small Business Retirement Plan

Small Business Retirement Plans

Small business retirement plans provide a tax advantaged way to save for your retirement.  Whether or not a small business owner employs full time W-2 employees is a main factor when determining eligibility between the various small business retirement plans.

Self Employed – No Employees

Are you a one person business, a business owner with a spouse as the only full time employee or a partnership with no W-2 employees?

Many small business owners are self employed and have no W-2 employees. Some business owners have no W-2 employees (other than a spouse) who work more than 1000 hours per year. Frequently successful small business owners who are in this situation select from the Individual 401k, SEP IRA, Defined Benefit plan, or Simple IRA.

These small business retirement plans are popular because they offer high annual contribution limits and some plans permit loans. Examine the features of these small business retirement plans to determine which plan is appropriate for you.

Learn more about small business retirement.

Small Business Owner with Employees

Small business owners with full time employees generally select from small business retirement plans that fall into 3 categories.

  1. Small business retirement plans that are exclusively funded by the employer.
  2. Small business retirement plans that are employer and employee funded.
  3. Small business retirement plans that are exclusively employee funded.

Learn more about small business retirement plans available for small business owners with employees.

 

How Can BCM Help You?

Beacon Capital Management Advisors (BCM) is experienced in setting up retirement plans for our clients. BCM provides retirement plans to the self employed, freelancers, entrepreneurs, independent contractors and small business owners and is registered in 50 States. Complete the form below and a BCM Advisor will promptly respond to your inquiry.

Click here for BBB Business Review
Name
Telephone
Email Address
How can BCM help you?
*Safety and confidentiality are very important to us. Read our privacy policy.
|

 

Disclosures:

*The information on this page is for informational purposes only and does not constitute, and should not be construed as, professional, legal or tax advice. To determine your individual tax situation and specific needs, please consult a professional tax advisor.

*Information contained in these sections merely highlight some benefits. There are risks involved with all investments that could include tax penalties and risk/loss of principal.