A Simplified Employee Pension allowing employer contributions up to $72,000 (or 25% of compensation) per participant. No annual IRS filing required. Contributions are completely discretionary — contribute as much or as little as you choose each year.

Employees contribute up to $17,000 from their own salary in 2026, and employers provide a required matching or fixed contribution. Easy to set up, inexpensive to administer, with immediate vesting for all participants.

A highly flexible plan allowing discretionary contributions of 0% to 25% of pay each year. Supports “new comparability” formulas that can allocate a greater share of contributions to business owners, who are typically older than rank-and-file employees.

A defined contribution plan requiring a fixed percentage-of-pay company contribution each year. Provides a consistent, straightforward approach to retirement funding.

Employees defer a portion of their pre-tax salary into the plan. Employers may add a matching contribution. Can be paired with a Profit Sharing arrangement to allow both company and employee contributions to operate side by side.

The traditional pension plan. Actuarial calculations determine the annual contribution needed to fund a set monthly benefit at retirement. For small companies and sole proprietors, that benefit is typically converted to a lump sum at retirement and rolled over to an IRA, removing the complexity of lifetime annuity management.