Small Business Retirement Plans Schwab offers a number of retirement plans for small businesses, whether your company employs one or many.Explore the resources below to find the right plan for you. Individual 401(k)—Traditional and Roth Who it's for:Owner-only businesses with no employees Key features:Traditional and Roth contributionsHigh contribution limitsFlexible annual contributionsNew! Age 60-63 catch-up available in 2025: $11,250 Who can contribute:Employer and employee as owner SEP IRA Who it's for:Owner-only businesses or those with employees Key features:No IRS filing or reportingAllows for employer contributions for eligible participants Who can contribute:Employer only SIMPLE IRA Who it's for:Businesses with up to 100 employees Key features:Primarily funded with participant salary-deferral contributionsEmployer-matched contributions up to 3%New! Age 60-63 catch-up available in 2025: $5,250 Who can contribute:Employer and employee Personal Defined Benefit Plan Who it's for:Owner-only businesses or those with up to five employees Key features:Highest contribution limitsContributions are generally 100% tax deductibleHelps target your desired level of income in retirement Who can contribute:Employer only Business 401(k) Who it's for:Businesses of any size, generally over 100 employees Key features:Permits a higher level of salary deferrals by employees than other plansOptional annual employer contributionsGreater plan customization Who can contribute:Employer and employee Company Retirement Account Who it's for:Businesses with an established retirement plan and recordkeeper/third-party administrator Key features:An investment-only solutionAccess to Schwab's full range of investment options Who can invest:Employer and employee Additional small business resources Learn more about small business management Find a plan right for you with convenient tools
