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Description
Employer Retirement Plans
IRS Program #: X9QQU-T-01039-23-O
CTEC #: 6257-CE-0208
CE: 1 IRS/1 CTEC
Speaker: Michael Miranda, CPA, QKA, AEP
Many employees have the benefit of a retirement program provided by their employer. Employers have choices about which of several potential retirement programs to offer. This session is intended to ensure that attendees are familiar with the major programs that are available for employers to implement and how they compare. The target learner for this session is a preparer who advises business clients and wants to be more familiar with common retirement plan options.
Learning Objectives:
- Discuss the various reasons that employers choose to establish retirement plans.
- Compare the allowed contribution limits for the owner’s account in each plan and general employee demographics.
- Compare the various levels of cost to the employer for each type.
- Recall which plans and/or options have costs per participant only if the employee contributes to the plan.
- Explain the Safe Harbor provisions for employer-based plans and the benefit of using a Safe Harbor plan.