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Qualified Retirement Plans


SEP Plans provide a simplified method for employers to make contributions to a retirement plan
for their employees.  Instead of establishing a profit-sharing or money purchase plan with a trust, employers can adopt a SEP agreement and make contributions directly to an individual retirement account established for each eligible employee.     

  • Easy to set up and operate  
  • Administrative costs are low   
  • Plan can have flexible annual contributions 

401(K) PLAN

A type of defined contribution plan that allows employee salary deferrals and/or employer  contributions.        

  • Can have other retirement plans in addition to 401(k)
  • Plan available to a business of any size
  • Greater flexibility in contributions


A type of defined contribution plan which allows discretionary annual employer contributions.

  • Can have other retirement plans in addition to a profit sharing plan
  • Greater flexibility in contributions - contributions are strictly discretionary
  • Can be used by a business of any size  


A type of plan that is funded primarily by the employer and whose contribution is actuarially determined.        

  • Significant benefits possible in a relatively short period of time
  • Employers can contribute (and deduct) more than under other retirement plans
  • Plan can be used to promote certain business strategies by offering subsidized early 
    retirement benefits