Under one type of retirement plan for small businesses,the employer contributes to an IRA established for each eligible employee.Under this type of plan,the contribution limits are significantly higher than they are for traditional IRAs and Roths IRAs.What is this type of plan,which requires little paperwork,called?

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This type of plan is a type of retirement plan for small businesses where the employer contributes to an IRA established for each eligible employee. The contribution limits for this type of plan are significantly higher than they are for traditional IRAs and Roth IRAs. Additionally, it requires little paperwork, making it an attractive option for small businesses. Keogh plans and defined benefit plans are different types of retirement plans, while a 403(b) plan is a retirement plan for certain employees of public schools and tax-exempt organizations.

Under One Type of Retirement Plan for Small Businesses,the Employer