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.
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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.

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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.

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