How To Set Up A Retirement Plan For A Small Business? 
Sometimes the set up costs and ongoing maintenance expense can be prohibitive for a small business to install a qualified plan . A couple of considerations can help determine the selection of either a qualified or non-qualified plan , cost being the biggest item . The business owners tax bracket may warrant a individual qualified plan or an employer sponsored plan like a 401 -LRB- k -RRB- as an employer recruitment and retention benefit . There are many options to choose from depending upon the economic characteristics of the business . 