Small Business Benefit Plans

1
Small Business Benefit Plans

• Diana Casteel
• Marwan Hage
• Erin Shaw
• Alex McKee

2
Definition of Small Business

• Annual Dollar Volume
• Annual Sales
• Annual Receipts
• Certificate from Small Business Association

3
Small Business Benefits Association

• Exclusively for Small and Home-based Business
  Owners
• Offer 50 Discounted Benefits Services
• Personalized
• One-on-one
• Newsletters, helpful Specialists, Education, and
  Training to Small Business Owners

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Individual Retirement Accounts

• SEP
• Simple
• Roth
• Traditional

5
Roth IRA and Traditional IRA

• Tax Information
• Withdrawal Rules
• Eligibility Information
• Contribution Information
• Choosing between Roth and Traditional IRA Plan

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SEP

• Tax Information
• Withdrawal Rules
• Eligibility Information
• Company Usage
• Contribution Information
• Benefits of the Plan

7
Simple IRA

• Savings Incentive Match Plan for Employees
• -Tax Information
• -Withdrawal Rules
• -Eligibility Information
• -Company Usage
• -Contribution Information

8
Defined Contribution Plans

• 401(K)
• Money Purchase Plan

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401(K) Plan

• Tax Information
• Withdrawal Rules
• Eligibility Information
• Benefits of the Plan

10
Money Purchase Plan

• Employee Bears the Risk
• Withdrawal Rules
• Eligibility Information
• Company Usage
• Contribution Information
• Experts Comments

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Questions?