Friday, October 30, 2009

New Small Business Planning Tool from IRS

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

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)

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