Small business owners have a number of retirement plans available to them.One type of plan is limited to employers with 100 or fewer eligible employees.Under this type of plan,small employers are exempt from most of the nondiscrimination and administrative rules that apply to qualified plans.Such plans are called

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SIMPLE retirement plans (Savings Incentive Match Plan for Employees) are specifically designed for small businesses with 100 or fewer eligible employees. They are relatively easy to set up and have lower administrative costs compared to other qualified plans. Additionally, small employers are exempt from most of the nondiscrimination and administrative rules that apply to qualified plans. Keogh plans are a type of tax-deferred retirement savings plan for self-employed individuals or unincorporated businesses, and cash balance plans are defined benefit pension plans that are more complex and typically more expensive to administer than SIMPLE plans. Simplified employee pension (SEP) IRAs are another option for small businesses, but they do not have the same flexibility as SIMPLE plans in terms of matching contributions and employee eligibility requirements.

Small Business Owners Have a Number of Retirement Plans Available