Business Retirement Plans A small business retirement plan can benefit you and your employees in numerous ways, including: help reduce your business taxes, build vital person retirement savings, and provide an attractive benefit to recruit, reward and retain valuable employees. A variety of plans are available to fit the needs of your business and your employees. Those include SEP, SIMPLE IRA, age weighted, safe harbor 401(k), solo 401(k) and profit sharing. For more information on choosing a plan, see our article here. At M Financial Planning Services, we will thoroughly analyze your company’s 401(k) or retirement plan to help you understand and fully prepare for the changes that took place. Not only will we evaluate the fees associated with your plan, we will also guide you in your efforts to offer the best possible investment options and employee education toward managing your fiduciary responsibilities.