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Small Business
and Self-Employed Business Owners Help Center Print out the Step-by-step Checklist |
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Make your business run better and more profitably |
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Table of Contents Ten Building Blocks Checklist for Success
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Step 9: Pension Planning A successful business offers employee benefits. Medical, dental, life insurance, disability
insurance and pension plan are all employees benefits. Business Owners
offer these benefits for two reasons: (1) Helps attract and keep
employees and
So now the business is running smoothly and you start to consider the pension plan. Choosing a plan is important and we can show you which plans are available and under which circumstances you would choose each plan. The plans shown are recommended for small businesses. All are easy to administer and no cost to design or administer. Other plans, such as 401(k), Defined Benefit, and Profit Sharing Plans involve hiring pension designers and administrators at a cost of thousands of dollars yearly. Retirement plan limits are based on the 2008 IRS Guidelines
(1) IRA Plan Move on to Step #10: Business Succession Planning.
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