Introduction This publication discusses retirement plans that you can set up andmaintain for yourself and your employees. In this publication, "you"refers to the employer. See ERROR MSGDefinitions You Need ToKnow, later. It covers the following types of retirement plans. SEP (Simplified Employee Pension) plans. SIMPLE (Savings Incentive Match Plan for Employees)plans. Qualified plans (also called H.R. 10 plans or Keogh planswhen covering self-employed individuals). SEP, SIMPLE, and qualified plans offer you and your employees a taxfavored way to save for retirement. You can deduct contributions youmake to the plan for your employees. If you are a sole proprietor, youcan deduct contributions you make to the plan for yourself. You canalso deduct trustees' fees if contributions to the plan do not coverthem. Earnings on the contributions are generally tax free until youor your employees receive distributions from the plan in later years. Under some plans, employees can have you contribute limited amountsof their before-tax pay to a plan. These amounts (and earnings onthem) are generally tax free until your employees receivedistributions from the plan in later years. hoteles AlicanteWhat this publication covers.This publication contains the information you need to understandthe following topics. What type of plan to set up. camera d'albergo a Noordwijk aan ZeeHow to set up a plan. How much you can contribute to a plan. How much of your contribution is deductible. How to treat certain distributions. How to report information about the plan to the IRS and youremployees. Basic features of retirement plans.ERROR MSGSome basic features of SEP, SIMPLE, and qualified plans arediscussed below. The key rules for SEP, SIMPLE, and qualified plansare outlined in Table 1. SEP plan.SEPs provide a simplified method for you to make contributions to aretirement plan for your employees. Instead of setting up aprofit-sharing or money purchase plan with a trust, you can adopt aSEP agreement and make contributions directly to a traditionalindividual retirement account or a traditional individual retirementannuity (SEP-IRA) set up for each eligible employee. SIMPLE plan.A SIMPLE plan can be set up by an employer who had 100 or feweremployees who earned at least $5,000 in compensation for the precedingcalendar year and meets certain other requirements. Under a SIMPLEplan, employees can choose to make salary reduction contributionsrather than receiving these amounts as part of their regular pay. Inaddition, you will contribute matching or nonelective contributions.The two types of SIMPLE plans are the SIMPLE IRA plan and the SIMPLE401(k) plan. Qualified plan.The qualified plan rules are more complex than the SEP plan andSIMPLE plan rules. However, there are some advantages available toqualified plans, such as the special tax treatment that may apply toqualified plan lump-sum distributions. What is not covered in this publication.Although the purpose of this publication is to provide generalinformation about retirement plans that an employer (including a soleproprietor) can set up for its employees, this publication does notcontain all of the rules and exceptions that apply to these plans. Youmay also need professional help and guidance. Palma de Mallorca accommodationAlso, this publication does not cover all the rules that may be ofinterest to employees. For example, it does not cover the followingtopics. The comprehensive IRA rules an employee needs to know. Theserules are covered in Publication 590, Individual RetirementArrangements (IRAs) (Including Roth IRAs and EducationIRAs). The comprehensive rules that apply to distributions fromretirement plans. These rules are covered in Publication 575,Pension and Annuity Income. Table 1. Key Retirement Plan Rules