EMPLOYER RESOURCES
Why a 401(k) Stands Out from SEP IRA and SIMPLE IRA
Small businesses have a few solid retirement plan options—401(k)s, SEP IRAs, and SIMPLE IRAs. While each has its place, a 401(k) offers unique advantages that can make a big difference for both employers and employees.
With a 401(k), businesses get higher contribution limits, greater flexibility in plan design, and the ability to better manage costs and taxes. Plus, unlike SEP and SIMPLE IRAs, a 401(k) can include a loan feature, allowing penalty-free access to funds if an emergency arises.
Choosing the right retirement plan is a big deal, but it doesn’t have to be complicated. A 401(k) gives businesses the flexibility, higher contribution limits, and extra perks that SEP and SIMPLE IRAs just can’t match. If you’re looking for a plan that works as hard as you do, a 401(k) might be the perfect fit!
Find the Right Plan for Your Business or Nonprofit
NESA simplifies retirement planning by partnering with financial advisors, CPAs, recordkeepers, and industry professionals to create tailored workplace retirement solutions. From small businesses to mid-sized companies, nonprofits, and self-employed individuals, we help organizations provide meaningful retirement benefits—ensuring employees and business owners alike can save with confidence and peace of mind.