Compliance February 27, 2015

Guide Compares Plans for Tax-Exempt and Governmental Entities

The IRS has released a publication to help tax-exempt and governmental entities choose a retirement plan.
Reported by

The Internal Revenue Service (IRS) has issued a publication, “Choose a Retirement Plan,” which offers a comparison of plan types available to employees of tax-exempt and governmental entities.

The publication includes a plan feature comparison chart with highlights of eight types of retirement plans—noting the latest tax laws specific to each plan.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

For each plan type the guide answers such questions as:

  • What is the maximum annual contribution?
  • Are catch-up contributions allowed?
  • What are the minimum employee coverage requirements?
  • When do distributions begin?

The publication is here.

«