The Merrill Edge Advantage
Take a look at some of the features of each option:
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*Employers with 100 or fewer employees who earned $5,000 or more during the preceding calendar year may consider a SIMPLE IRA plan.
** The term vesting refers to whether or not the money that has been set aside for you in a retirement plan is yours to keep if your employment is terminated. "Vested" benefits are those to which you have an absolute right even if you resign or are terminated.
*** Contributions made by a business owner to a SEP or SIMPLE are claimed as a deduction by the business owner on his/her business tax returns. See IRS Publication 560
**** IRS Form 5500 is a form that 401(k) plans use to satisfy reporting required by law when plan assets are more than $250,000.