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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 plan for you.

Individual 401(k)—Traditional and Roth

Who it's for:

Owner-only businesses with no employees

 

Key features:

  • Traditional and Roth salary deferral contributions
  • High contribution limits
  • Flexible annual contributions

 

Who can contribute:

Employer and employee as owner

SEP IRA

Who it's for:

Owner-only businesses or those with employees

 

Key features:

  • No IRS filing or reporting
  • Allows for employer contributions for eligible participants

 

Who can contribute:

Employer only

SIMPLE IRA

Who it's for:

Businesses with up to 100 employees

 

Key features:

  • Primarily funded with participant salary-deferral contributions
  • Employer-matched contributions up to 3%

 

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

Additional small business resources

Learn more about small business management

Find a plan right for you with convenient tools

This information provided by Charles Schwab Corporation here is for general informational purposes only, and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner, or Investment Manager.

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Investment and Insurance Products Are: Not FDIC Insured • Not Insured by Any Federal Government Agency • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or any of its Affiliates • Subject to Investment Risks, Including Possible Loss of Principal Amount Invested

The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co. Inc. (Member SIPC), and its affiliates offer investment services and products. Its banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides deposit and lending services and products.

This site is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions. Learn more about our services for non-U.S. residents, Charles Schwab Hong Kong clients, Charles Schwab U.K. clients.

© 2024 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. Unauthorized access is prohibited. Usage will be monitored.

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