|
The Department of Labor has been working with a number of partners
to educate small business owners about various simple retirement plan options,
such as SIMPLEs (Savings Incentive Match Plans for Employees of Small
Employers), SEPs (Simplified Employee Pensions), Individual Retirement
Accounts, payroll deduction plans, and 401(k) plans.
The education developed by the Department and its partners
include two interactive Web sites, "The Small Business Advisor" and
Select
a Retirement Plan.org. These sites allow businesses to review various
retirement plan options available to them with a description of the features of
each. Based on the responses to key questions, such as number of workers
employed by the company and the decision to contribute or not to contribute to
the workers' retirement, plan options are provided to the business owner. The
sites contain a thorough description of each type of plan and provide copies of
the forms for establishing a SIMPLE or SEP/IRA.
By starting a retirement savings plan, employers will help their
employees save for the future. Retirement plans may also help employers attract
and retain a qualified pool of employees and offer business tax savings. The
employer can help secure their own retirement as well.
Retirement Savings Education
Campaign
Provides information about the Department of Labor's campaign
to raise retirement savings awareness among women, minorities, low-income
workers, and small businesses.
The Small Business Retirement
Savings Advisor
Provides information about retirement savings options
for small business employers and can help to determine which program is most
appropriate for a business.
Easy
Retirement Solutions for Small Businesses
Provides information about
retirement plan options for small businesses.
Savings Incentive Match
Plan for Employees of Small Businesses
Provides information about the
basic features and requirements of SIMPLE plans that involve individual
retirement accounts or annuities (SIMPLE IRAs).
Simplified Employee Pensions: What Small Businesses Need to Know
Provides a guide to Simplified Employee Pensions for small businesses.
Select
A Retirement Plan.org
Provides a quick overview of retirement plans and
their benefits, an interactive tool for selecting a retirement plan, and other
helpful Web resources.
|
