Retirement Plan Navigator
The Internal Review Service has created a new web-based tool, the "Retirement Plan Navigator," to help small business owners. You can find it at http://www.retirementplans.irs.gov/.
The navigator guides small business owners in three areas: choosing a plan, maintaining a plan, and correcting a plan. The navigator includes a side-by-side comparison of pension plans and their requirements to help small business owners choose the one that best fits their situation. The navigator also provides a checklist and suggested resources to help employers keep their retirement plans in compliance with the law.
The IRS will update the navigator as pension laws and regulations change.
(Source: U.S. Small Business Administration, Office of Advocacy)