Small business retirement plans

Schwab offers a number of retirement plans for small businesses, whether your company employs one or many.

Explore the resources below to find the right small business retirement plan for you.

Individual 401(k)—Traditional and Roth

Who it's for:

Owner-only businesses with no employees (self-employed individuals)

Key features:

Traditional and Roth contributions
High contribution limits
Flexible annual contributions
Age 60-63 catch-up available in 2026: $11,250

Who can contribute:

Employer and employee as owner

SIMPLE IRA – Traditional and Roth

Who it's for:

Businesses with up to 100 employees

Key features:

Primarily funded with employee salary-deferral contributions
Employer-matched contributions
Age 60-63 catch-up available in 2026: $5,250
New! Effective for the 2026 plan year, Roth employee salary-deferral contributions

Who can contribute:

Employer and employee

Personal Defined Benefit Plan

Who it's for:

Owner-only businesses or those with up to five employees

Key features:

Highest contribution limits
Contributions are generally 100% tax deductible
Helps target your desired level of income in retirement

Who can contribute:

Employer only

Business 401(k)

Who it's for:

Businesses of any size, generally over 100 employees

Key features:

Permits a higher level of salary deferrals by employees than other plans
Optional annual employer contributions
Greater plan customization

Who can contribute:

Employer and employee

Company Retirement Account

Who it's for:

Businesses with an established retirement plan and recordkeeper/third-party administrator

Key features:

An investment-only solution
Access to Schwab's full range of investment options

Who can invest:

Employer and employee

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Small business retirement plans

Types of small business retirement plans

Individual 401(k)—Traditional and Roth

SEP IRA

SIMPLE IRA – Traditional and Roth

Personal Defined Benefit Plan

Business 401(k)

Company Retirement Account

Additional small business resources

Learn more about small business management

Find a plan right for you with convenient tools

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