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Innovative Retirement Plans for Small BusinessesRetirement Plan Comparison Chart 2017 Plan Type:SEP Profit Sharing401(k)Lafayette LifeYesYesYesKey Featureless administration, Life insurance is not
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Innovative retirement plans are retirement plans that incorporate non-traditional investment options or strategies in order to achieve long-term financial goals.
Employers offering innovative retirement plans are required to file them with the appropriate regulatory authorities.
Innovative retirement plans can be filled out by gathering all necessary financial information and completing the required forms provided by the regulatory authorities.
The purpose of innovative retirement plans is to provide individuals with alternative investment options to diversify their retirement savings and potentially enhance returns.
Information such as investment options, contribution amounts, fees, and performance data must be reported on innovative retirement plans.
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