Home >> Retirement Security >> Types of Plans >> Tax Credits Available

Tax Credits Available

There are tax credits available for setting up certain types of plans.

Eligible Employer

  • 100 or fewer employees

Eligible Plan Types:

  • SEP
  • SIMPLE IRA
  • 401(k)

Maximum Amount of Tax Credit

  • 50% of plan startup costs
  • Up to a maximum of $500 per year

Duration

  • First three years of plan