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| | Type of Plan | | Plan Description | | Intended For: | | |
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| | SEP IRA | | A simplified employee pension plan in which an employer makes contributions into IRAs set up by or for eligible employees | | Small businesses and self-employed individuals | | |
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| | SIMPLE IRA | | An employer-sponsored plan in which the employer and employees contribute to IRAs | | Businesses with 100 or fewer employees | | |
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| | 401(k) | | A retirement plan in which employees elect to have their employer contribute a portion of their compensation into the plan on a pre-tax basis. The employer may also provide matching or profit sharing contributions | | Small and large businesses of all types | | |
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| | 403(b) | | A retirement plan for tax-exempt organizations to which employees and employers may contribute | | Organizations qualified under IRC section 501(c)(3) such as schools and nonprofit organizations | | |
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| | Profit Sharing and Money Purchase Plans | | Retirement plans that do not involve employee contributions. Instead, they allow an employer to contribute to all eligible employees. The contribution can be based on company profits (profit sharing), or it can be fixed (money purchase) | | Small and large businesses of all types. | | |
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