Small Business Job Protection Act of 1996
Definition Small Business Job Protection Act of 1996, Pub. L. 104-188 (SBJPA ) Act which include provisions that provided tax relief for small businesses, protect
Retirement Plans for Small Businesses
Employer-sponsored retirement plans that are ideally suited for business with 1 to 100 employees
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SIMPLE IRA -Savings incentive match plan for employees of small employers
Definition Savings incentive match plan for employees of small employers (SIMPLE IRA) An IRA based retirement savings vehicle, established by a small business owner for
Saver’s Credit
Definition Also known as the Saver’s Tax Credit: Nonrefundable tax credit available to eligible individuals who make contributions to their retirement account. The saver’s credit
SAR-SEP
Definition Salary Reduction Simplified Employee Pension Plan (SARSEP or SAR-SEP) A simple employee pension plan (SEP), to which employees may make salary deferral contributions. Definition
Safe Harbor 401(k) Plan
Definition 401(k) plans that make contributions in accordance with a safe-harbor formula, resulting in the plan not being subject to the ACP and ADP nondiscrimination
SIMPLE IRA 2-year rule
Definition 2-year restriction placed on transfers, rollovers and conversions of SIMPLE IRA assets. Under this restriction, SIMPLE IRA assets are ineligible to be transferred, rolled
