New York - The Department of Labor's Pension and Welfare Benefits Administration offers a web site that provides small business owners with answers to a variety of commonly asked questions about retirement savings plan options. Using an interactive form, business owners answer a series of questions about their business and what their goals are in creating a retirement plan. The site responds with a list of possible options to help business owners determine the program that is most appropriate for business.
The site also includes a retirement savings program comparison chart that looks at key advantages of each program, employer limitations and responsible, funding responsibility, maximum annual contributions, vesting and other issues. The chart also features a links to necessary IRS forms to begin. Click here to go to the site.
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