Small Business Retirement Plans
Schwab offers plans for businesses of any size. Use the information here to begin narrowing your options, or simply give us a call for help choosing the right plan for your business, whether your company employs one or many.
Individual 401(k) Plan
Who it’s for:
Owner-only businesses with no employees
Key features:
- All the benefits of a traditional 401(k)
- High contribution limits
- Easy to administer
SEP-IRA
Who it’s for:
Owner-only businesses or those with just a few employees
Key features:
- No IRS filing or reporting
- Allows for contributions for you and any employees
- Easy to administer
SIMPLE IRA
Who it’s for:
Businesses with up to 100 employees
Key features:
- Primarily funded with employee salary-deferral contributions
- Employer-matched contributions up to 3%
- An easy and economical plan to administer
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
Business 401(k) Plan
Who it’s for:
Businesses of any size
Key features:
- Permits a higher level of salary deferrals by employees than other plans
- Optional annual employer contributions
- Greater plan customization
Company Retirement Account (CRA)
Who it’s for:
Businesses with an established retirement plan
Key features:
- An investment-only solution
- Access to Schwab’s full range of investment options
- $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply1.
Company Retirement Account details
1. See the Charles Schwab Pricing Guide for Individual Investors ("the Guide") and any amendments to the Guide for comprehensive details on fees.
This information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner or investment manager.