To stay competitive, you’ve got to get and keep good employees. Often this means offering some kind of benefits package, such as a retirement plan.
But where do you start? There are SIMPLE, SEP, 401(k)s, IRAs (traditional and Roth), and more. It’s enough to overwhelm you!
That’s why the IRS has set up a Retirement Plan Products Navigator page on their website specifically for retirement plans. After it helps you decide which plan is right for you, it shows you how to set up that plan, enroll employees, and deposit and invest contributions. Once you’re done, it will even provide you with a checklist that helps you see if you’ve missed any step, and show you how to correct any mistakes.
For more information, visit www.IRS.gov/ep.