Retirement Plans for Small Businesses
Employer-sponsored retirement plans that are ideally suited for business with 1 to 100 employees
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Earned income
Definition Net income from self-employment with respect to a trade or business in which personal services of the taxpayer are a material income-producing factor. For
Affiliated Service Group (ASG)
Definition An affiliated service group is one type of group of related employers and refers to two or more organizations that have a service relationship
Adjusted Net Business Income (ANBI)
Definition The income for an unincorporated business owner, reflected on Schedule C , Schedule F or Schedule K-1, on which contributions (for the business owner)
Individually Designed Plan
Definition Qualified plan or SEP, where the plan document and adoption agreement are customized for a particular employer. An employer that amends any provision of
Net earnings from self-employment (NESE)
Definition The gross income derived by an individual from any trade or business carried on by the individual, less the deductions allowed that are attributable
Net business income (NBI)
Definition The amount of income from self-employment income after ordinary and necessary business expenses. The net business income is the amount on which the self-employed
Profit sharing plan
Definition An employer-sponsored qualified-retirement-plan, established by an employer for the benefit of its employees and their beneficiaries. Profit sharing plans are defined contribution plans, funded
