retirement plan
I have someone who owns a daycare. They do have around 15 employees- some full time and some part time. She would like to know if she is able to do a retirement plan for just herself without including the business or other employees. Are you aware of anything?
Permalink Submitted by Alan - IRA critic on Tue, 2025-09-30 13:27
There’s always an IRA or Roth IRA.
For higher contribution limits she might consider a SEP IRA and could exclude all employees unless they have worked 3 of the prior 5 years and can also exclude any employees who earn less than $750 a year and non resident aliens. That would limit coverage to those longer term employees.
A SIMPLE IRA could be used with similar restrictions and would not have to cover those not expected to earn 5000 in the current year.