Commonly used in small business that want the flexibility of Traditional (Pre-Tax) and Roth (Post-Tax) contributions. These plans are easy to manage and provide the investor with a wider range of investment options than a 401k or 403b does.
Another commonly used business plan for small businesses. The business has to have less than 100 employees, but the contributions can only be made on a Traditional (Pre-Tax) basis.
A type of employer plan for businesses/organizations in the public and nonprofit sectors. These plans do have some interesting differences when it comes to withdrawing funds as you are not required to wait until you are 59 1/2 to withdraw without a penalty. For more information please see a tax professional.
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