James D. Broughton

Retirement plan setup and maintenance can prove to be a confusing and costly undertaking for any small business. Small business owners looking for a low-cost, low-maintenance opportunity to establish a retirement plan can utilize the Savings Incentive Match Plan for Employees (SIMPLE) or Simplified Employee Pension (SEP) plan rules to take advantage of valuable tax savings today while providing a future benefit for themselves and their employees at retirement.