Resources - IRA-Based Plans |
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Retirement Plans Check-Up
Three-step approach designed to help business owners properly operate their retirement plans.
Frequently Asked Questions:
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FAQs regarding a variety of topics relating to retirement plans.
Forms:
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Form 5305A-SEP
Salary Reduction Simplified Employee Pension - Individual Retirement Accounts Contribution Agreement.
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Form 5305-SEP
Simplified Employee Pension - Individual Retirement Accounts Contribution Agreement.
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Form 5304-SIMPLE
Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) - Not for Use With a Designated Financial Institution.
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Form 5305-SIMPLE
Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) - for Use With a Designated Financial Institution.
Publications - IRS:
Other Resources:
- SIMPLE IRA Plan Fix-It Guide
Tips on how to find, fix, and avoid common mistakes in SIMPLE IRA plans. (Printer-friendly version is available.)
- SEP Plan Fix-It Guide
Tips on how to find, fix, and avoid common mistakes in SEP plans. (Printer-friendly version is available.)
- SIMPLE IRA Plan Checklist
It is important to review the requirements for operating your SIMPLE IRA plan every year. This checklist has been designed as a diagnostic tool to help you keep your SIMPLE IRA plan in compliance with important tax rules.
- SEP Checklist
It is important to review the requirements for operating your SEP every year. This checklist has been designed as a diagnostic tool to help you keep your SEP in compliance with important tax rules.
- SARSEP Checklist
It is important to review the requirements for operating your SARSEP every year. This checklist has been designed as a diagnostic tool to help you keep your SARSEP in compliance with important tax rules.
- IRA Online Resource Guide
Online version of IRA Resource Guide for Small Business Owners & Individuals CD-ROM.
- Correction for Retirement Plans
A variety of resources relating to the Employee Plans Compliance Resolution System (EPCRS), a comprehensive system of correction programs established by the Service that enable sponsors or retirement plans that have experienced compliance violations to preserve the tax benefits of their plans.
- Retirement Plans for Small Business
Information for starting and maintaining a small business retirement savings plan.
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Saver's Credit
IR 2007-187 (11/09/2007) - Plan Now to Get Full Benefit of Saver’s Credit; Tax Break Helps Low- and Moderate-Income Workers Save for Retirement.
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Announcement 2001-106
New "Saver's Credit" - an income tax credit is available to eligible taxpayers who contribute to a retirement plan or IRA.
- Cost-of-Living Adjustment Increases
Annual dollar limitations on benefits and contributions.
- 2002 EP CPE Text - Chapter 15 - Simplified Employee Pensions (SEPs)
An article on Simplified Employee Pensions (SEPs) published by the Service as part of the Employee Plans Continuing Professional Technical Instruction Program.
- 2003 EP CPE Text - Chapter 13 - SEP, SARSEP Audit Techniques
An article on SEP, SARSEP Audit Techniques published by the Service as the Employee Plans Continuing Professional Technical Instruction Program.
- Examination Guidelines - SEPs and SARSEPs
Internal Revenue Manual section 4.72.17 provides guidelines for examining SEPs and SARSEPs.
- Simplified Employee Pension (SEP) LRM
Listing of Required Modifications and Information Package for use with prototype SEPs intending to satisfy the requirements of Code section 408(k).
- SARSEP LRM
Listing of Required Modifications and Information Package to assist sponsors who are drafting SARSEPs.
- SIMPLE IRAs LRM
Listing of Required Modifications and Information Package for use with prototype SIMPLE IRAs intending to satisfy the requirements of Code sections 408(p) and 408(a) or (b).
- SIMPLE IRA Plan LRM
Listing of Required Modifications and Information Package containing samples of plan provisions that satisfy certain specific requirements of the Code as amended through the Working Families Tax Relief Act of 2004 (P.L. 108-311).
- Published Guidance
Regulations, revenue rulings, revenue procedures, notices, announcements and other guidance relating to retirement plans.
- EP Compliance Trends & Tips
Results and findings from past and current EP examinations that identify compliance risks and recurring plan issues.
- Rollover Chart
A Rollover Chart summarizing the rollover rules is provided as a general guide but should not be relied upon as a substitute for professional tax advice.
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Page Last Reviewed or Updated: December 02, 2008