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CHOOSING A RETIREMENT SOLUTION - IRS tax forms

CHOOSING A. RETIREMENT SOLUTION . FOR YOUR SMALL BUSINESS. CHOOSING a RETIREMENT SOLUTION for Your Small Business is a joint project of the Department of Labor's Employee Benefits Security Administration (EBSA) and the Internal Revenue Service. To view this and other EBSA publications, visit the agency's website at: To order publications or request assistance from a benefits advisor, contact EBSA electronically at: Or call toll free: 866-444-3272. This publication will be made available in alternative format to persons with disabilities upon request. Voice Phone: (202) 693-8664. TTY: (202) 501-3911. This publication constitutes a small entity compliance guide for purposes of the Small Business Regulatory Enforcement Fairness Act of 1996. It does not constitute legal, accounting, or other professional advice. Starting a RETIREMENT savings plan can The amount of the credit is based on the be easier than most business owners contributions participants make and their credit rate.

years old, employed by the employer for 3 of the last 5 years and had compensation of $600 for 2020 and $650 for 2021. Must be offered to all employees who have compensation of at least $5,000 in any prior 2 years, and are reasonably expected to earn at least $5,000 in the current year. Generally, must be offered to all

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