Tools & Calculators
Business Retirement Plan Selector
SEP-IRA, SIMPLE IRA, or 401(k) — the right plan depends on your income, whether you have employees, and how much you want to contribute. Answer four questions to see which structure fits your situation.
Question 1 of 4
About Your Business
Do you have employees other than yourself?
Include full-time and part-time employees who work 1,000+ hours per year. Don't count your spouse if they work in the business.
Your Goals
How much do you want to set aside for retirement each year?
Think about what's realistic for your business cash flow, not what you wish you could save.
Your Priorities
What matters more to you: simplicity or maximum flexibility?
There's no wrong answer. Different plans trade off administrative burden against features and contribution limits.
Your Timeline
How many years until you plan to retire or exit the business?
This affects whether aggressive tax deferral strategies make sense for your situation.
Your Best-Fit Plan
This tool is for educational purposes only and does not constitute financial, tax, investment, or legal advice.
Contribution limits and plan rules are subject to annual IRS adjustments and may not reflect the most
current figures. The right retirement plan for your business depends on your specific circumstances.
Please consult with a qualified financial advisor before making any plan decisions.