A flexible retirement plan for small businesses
- Flexible contribution amounts that can vary from year to year.
- Deduct employer contributions as a business expense
- Offers a full range of investment choices
- Use the Small Business Selector to find a plan
up to 25% of compensation
or $53,000 in 2016 ($54,000 in 2017), whichever is less
setup deadline for the plan
Features of a Profit-Sharing Plan
Employees are eligible at age 21 and have worked at the company for at least one year (or two years if the plan does not have a vesting sechedule)
Flexible contribution amounts
Employers can contribute up to 25% of income, or $53,000 in 2016 ($54,000 in 2017), whichever is less. Percentage contributed can vary from year to year
Tax-deferred growth potential
All investment earnings are tax-deferred; participants pay taxes only upon distribution
You can create a vesting schedule for the plan, and your employees can borrow money against their accounts
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Plan for small businesses & self-employed individuals
For small business owners or self-employed people, the Simplified Employee Pension IRA is a low-cost path to tax-deferred retirement savings.
Individual and Roth Individual 401(k)
Retirement savings for the self-employed
This plan gives self-employed individuals (with no employees other than a spouse) the ability to maximize their retirement savings.