401(k)s & IRAs For Dummies

Chapter 18

Plans from a Small Employer’s Perspective

IN THIS CHAPTER

Discovering your role as employer in an employer-sponsored plan

Looking at the options for 401(k)s

Comparing different 401(k) plans

Going for an alternative plan: IRAs

Considering pricing

You’re the proud, and probably very busy, owner of a small business looking to set up a retirement plan. Not only do you want to save for your own retirement, but you also know that your top-notch employees may move to another company with better benefits if you don’t set up something.

This chapter is for owners of small businesses (from one to about 25 employees). It can help you determine which retirement plan will most benefit you and your employees.

Putting in the Effort

For a small employer, the cost and effort involved in establishing a retirement plan can be daunting. The typical small-business owner wears many hats in the start-up stages — which often include human resources manager and chief financial officer — and is ...