Allows individuals to contribute money that may be tax-deductible, depending on income and employer retirement plan coverage. The investments in the account grow tax-deferred, meaning taxes are not paid until money is withdrawn during retirement.

Used to transfer funds from an employer-sponsored retirement plan, such as a 401(k), into an IRA without triggering taxes. This helps individuals maintain the tax-deferred status of their retirement savings while often providing more flexibility and investment options after leaving a job or retiring.

Funded with money that has already been taxed, so contributions are not tax-deductible. In exchange, investments grow tax-free, and qualified withdrawals during retirement are also tax-free. Contributions can be withdrawn at any time without taxes or penalties

Popular, low-cost employer-sponsored plans that are flexible and easy to use. Offering these easy to establish plans may qualify the employer for specific tax incentives. 401(k) plans require annual reporting, notifications and potential non-discrimination testing.

PSP’s align employee motivation with company performance. Provided on a quarterly or annual basis and available to companies of any size, employers have a great degree of flexibility and contributions may be tax deductible.

Flexible and easy for employers to administer, cash balance plans are defined contribution plans that qualify for tax deferral and credit protection under the Employer Retirement Income Security Act (ERISA)

Designed for small businesses as an easy way for employers to contribute to their own retirement plans and incentivize employees to save. Employees may choose to make salary reduction contributions with employers making matching or non-elective contributions.

Simplified Employee Pensions (SEP) are affordable and easy to administer, with flexible employer contributions. Designed to help self-employed individuals and small-business owners with few employees access to tax-deferred benefits when saving for retirement

Less common qualified plans can included Defined Benefits Plans, Money Purchase Plans, and Employee Stock Ownership Plans (ESOPs). Each plan is designed for specific business types, size, profitability and objectives with varying advantages and tax requirements.