Small businesses often need retirement plans on a smaller scale with reduced costs and easy administration. VALIC has a handle on those plans, too.
Small business = special needs. It just makes sense that the plan that meets the needs of a large organization might be too cumbersome or expensive for a small business. But there are retirement plans that can work for your organization, and VALIC can help you find the right fit.
Simplified Employee Pension (SEP) IRA allows small-business employers to contribute to an IRA set up in each employee’s name. Employee contributions are not allowed.
Savings Incentive Match Plan for Employees (SIMPLE) IRA allows qualifying small-business employers to choose from one of two mandatory matching-contribution formulas.