IRS Unveils Retirement Plan Navigator

The IRS announced a new Web-based tool to help small businesses (i.e. medical practices) determine which tax-favored pension plan best suits their needs and how to keep the plan in compliance with the law. The navigator focuses on three areas—choosing a plan, maintaining a plan, and correcting a plan—and can be accessed at

 http://www.retirementplans.irs.gov

It does not suggest which plan may be best for the business, but it does lay out the options and includes a side-by-side comparison of pension plans and their requirements. The navigator also offers suggested options for businesses seeking to correct errors and bring their plan back into compliance.


Have questions? I’m here to help.

This field is for validation purposes and should be left unchanged.