Business Retirement Planning

Compare plan features and contribution limits for business retirement plans. For additional assistance, contact our retirement sales desk at (800) 370-1519.

Compare plan features and contribution limits for business retirement plans. For additional assistance, contact our retirement sales desk at (800) 370-1519.

Compare plan features and contribution limits for business retirement plans. For additional assistance, please contact a financial advisor.

Learn more about plan fees and expenses and access disclosure regulations from the Department of Labor.
Plan Sponsor and Plan Participant Fee Disclosure Regulations.

  Invesco Solo 401(k)® SEP IRA SIMPLE IRA
Key Features
Can employer sponsor other qualified retirement plans
 
 
 
Minimal paperwork & reporting  
 
 
Full-service recordkeeping recommended
 
   
Loan option allowed
 
   
Mandatory employer contributions    
 
Employer contributions can vary with cash flow
 
 
 
Who can contribute Employee; employer contributions optional Employer Employee and employer
Who generally adopts Sole proprietorships, partnerships, limited liability companies and corporations with no employees other than owner's spouse Sole proprietorships, partnerships, and small businesses Sole proprietorships, partnerships, and small businesses with 100 or fewer eligible employees
Annual Employer Contributions
Maximum annual employer contribution 1 25% of eligible employee compensation 25% of eligible employee compensation 100% up to 3% match to participants or 2% to all eligible participants
Required match or profit sharing contribution    
 
Employee Pretax Contributions
2014 Maximum Employee deferral contribution $17,500 or 100% of compensation $12,000 or 100% of compensation
2015 Maximum Employee deferral contribution $18,000 or 100% of compensation $12,500 or 100% of compensation
2014 Catch-up contribution (age 50 & older) $5,500 $2,500
2015 Catch-up contribution (age 50 & older) $6,000 $3,000
Annual Fees
$15 per participant, drafted automatically
 
 
 
  Age-Weighted Profit Sharing plan New Comparability Profit Sharing Plan Super Comparability Traditional Profit Sharing Plan
Key Features
Can employer sponsor other qualified retirement plans
 
 
 
 
Minimal paperwork & reporting        
Full-service recordkeeping recommended
 
 
 
 
Loan option allowed
 
 
 
 
Mandatory employer contributions    
 
 
Employer contributions can vary with cash flow
 
 
 
 
Who can contribute Employer Employer Employee and employer Employer
Who generally adopts Sole proprietorships, partnerships, limited liability companies and corporations Sole proprietorships, partnerships, limited liability companies and corporations Sole proprietorships, partnerships, limited liability companies and corporations Sole proprietorships, partnerships, limited liability companies and corporations
Annual Employer Contributions
Maximum annual employer contribution 1 25% of eligible employee compensation 25% of eligible employee compensation 25% of eligible employee compensation 25% of eligible employee compensation
Required match or profit sharing contribution    
 
 
Employee Pretax Contributions
2014 Maximum Employee deferral contribution $17,500 or 100% of compensation
2015 Maximum Employee deferral contribution $18,000 or 100% of compensation
2014 Catch-up contribution (age 50 & older) $5,500
2015 Catch-up contribution (age 50 & older) $6,000
  Safe Harbor 401(k) 401(k) 403(b) 457(b) Traditional Defined Benefit Plan
Key Features
Can employer sponsor other qualified retirement plans
 
 
 
 
 
Minimal paperwork & reporting          
Full-service recordkeeping recommended
 
 
 
 
 
Loan option allowed
 
 
 
 
 
Mandatory employer contributions
 
     
 
Employer contributions can vary with cash flow          
Who can contribute Employee and employer Employee; employer contributions optional Employee; employer contributions are seldom done Employee; employer contributions are seldom done Employer
Who generally adopts Sole proprietorships, partnerships, limited liability companies and corporations Sole proprietorships, partnerships, limited liability companies and corporations Certain tax-exempt 501(c)(3)organizations and public educational organizations State/local governments, nonprofit organizations (but not churches or other religious organizations) Any employer
Annual Employer Contributions
Maximum annual employer contribution 1 25% of eligible employee compensation 25% of eligible employee compensation Up to 100% of eligible compensation $17,500 (2104) and $18,000 (2015) per participant plus catch-up contributions Amount needed to fund plan
Required match or profit sharing contribution
 
       
Employee Pretax Contributions
2014 Maximum EE deferral contribution $17,500 or 100% of compensation $17,500 or 100% of compensation $17,500 or 100% of compensation $17,500 or 100% of compensation
2015 Maximum EE deferral contribution $18,000 or 100% of compensation $18,000 or 100% of compensation $18,000 or 100% of compensation $18,000 or 100% of compensation
2014 Catch-up contribution (age 50 & older) $5,500 $5,500 $5,500 (special catch-up permitted) $5,500 (special catch-up permitted)
2015 Catch-up contribution (age 50 & older) $6,000 $6,000 $6,000 (special catch-up permitted) $6,000 (special catch-up permitted)

1 Annual compensation limit: $260,000 in 2014, $265,000 in 2015. Calculations of maximum total plan contributions and participant limits are complex and require knowledge of IRS regulations. Consult your tax advisor.

This information does not constitute tax advice. Please consult your tax advisor about your particular situation.