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Compare Business Retirement Plans

Wells Fargo has been a leader in serving the retirement plan needs of small and large businesses since 1979 — managing more than $17 billion in retirement plan assets. Wells Fargo Advisors offers a full suite of retirement plans, including non-qualified plans, to support your business. Compare our plans below, or call one of our experienced financial professionals at 1-877-493-4727 to find the ideal solution for your business.
 SEP IRA (Simplified Employee Pension IRA) Individual 401(k) SIMPLE IRA 401(k) Plans Profit Sharing & Money Purchase Plans
General DescriptionSmall business owners can make tax-deductible contributions with this flexible plan that is easy to set up and maintain.

If you have employees, you may be required to contribute for them as well.
As a small business owner with no employees, you may be able to contribute more than other retirement plans.As an employer, you can offer a salary deferral plan for your employees easily and affordably.A flexible plan offering the highest level of employee pre-tax contributions, a wide range of employer contribution options, and an optional loan provision.Flexible plans with various contribution options designed to reward long-term employees with tax-deferred growth — including an optional loan provision.
Eligibility to ContributeYou can contribute at any age if you are self-employed or a small business owner.You can contribute at any age if you are self-employed, a business partner or if you are a spouse of the owner/business partner with earned income from the business sponsoring the Individual 401k plan.As an employer you can contribute for yourself and your employees at any age.

Works well for companies with 25 or fewer employees.
As an employer you can contribute for yourself or your employees at any age.

Works well for companies with 25 or more employees who want to start a new plan or transfer an existing plan.
As an employer you can contribute for yourself or your employees at any age.

Companies of any size can offer this plan.
Maximum Annual Contribution2013 and 2014 tax years: As a small business owner, you can contribute up to 25% of your compensation or $51,000/$52,000 (2013/2014) — which ever is less.

If you have employees, you may be required to contribute for them as well.
May use a combination of salary deferral and profit sharing contributions.
  • Profit Sharing: Up to 25% of compensation or $51,000 for 2013 and $52,000 for 2014.
  • Salary deferral: Up to 100% of compensation or $17,500 ($23,000 if over age 50) for 2013 and 2014.
  • Combination of profit sharing and salary deferrals may not exceed $51,000 for 2013 and $52,000 for 2014 or if age 50 and older $56,500 for 2013 and $57,500 for 2014.
Employer (Required): Either dollar-for-dollar matching up to 3% of compensation, or 2% of compensation to all eligible employees.

Employee: Up to 100% of compensation or $12,000 for 2013 and 2014. If the participant is 50 and over, the limits increase to $14,500 for 2013 and 2014.
Employer: Profit sharing and match: Up to 25% of compensation or $52,000 in 2014.

Employee: Up to 100% of compensation or $17,500 ($23,000 if over age 50) in 2013 and 2014.

Combination of employer and employee contributions may not exceed $52,000 ($57,500 if over age 50) in 2014.
Employer: Up to 25% of compensation or $51,000 in 2013 ($52,000 in 2014).

Profit sharing plans allow you to vary the contribution rate each year.

A money purchase plan has a fixed contribution requirement that your business chooses when your plan is started. This contribution is required each year.
Tax-Deductible ContributionsAs a small business owner you can deduct your contributions for yourself and your employees from your company’s federal taxable income.As a small business owner you can deduct your contributions for yourself and your partner from your company’s federal taxable income.

Business owners may choose to allow a Roth 401(k) salary deferrals within their plan.
Employers can deduct contributions from federal taxable income.

Employees can make pre-tax contributions.
Employers can deduct contributions from federal taxable income.

Employees can make pre-tax contributions.

Employers may choose to allow Roth 401(k) salary deferrals within their plan.
Employers can deduct contributions from federal taxable income.
Types of InvestmentsStocks, bonds and mutual funds available through Wells Fargo Advisors brokerage IRAs.

Savings accounts and CDs (Time Accounts) available through Wells Fargo Bank, N.A., Member FDIC.
Stocks, bonds and mutual funds available through Wells Fargo Advisors brokerage accounts.Stocks, bonds and mutual funds available through a Wells Fargo Advisors SIMPLE IRA.Mutual funds.Stocks, bonds and mutual funds available through a Wells Fargo Advisors brokerage account.
Income Taxes and Withdrawal PenaltiesDistributions may be subject to ordinary income taxes at the time of distribution and a 10% IRS early withdrawal penalty if withdrawn before age 59 ½ unless an exception applies.Distributions may be subject to ordinary income taxes at the time of distribution and a 10% IRS early withdrawal penalty if withdrawn before age 59 ½ unless an exception applies.Distributions may be subject to ordinary income taxes at the time of distribution and a 25% IRS early withdrawal penalty during the first two years of the account. 10% thereafter if withdrawn before age 59 ½ unless an exception applies.Distributions may be subject to ordinary income taxes at the time of distribution and a 10% IRS early withdrawal penalty if withdrawn before age 59 ½ unless an exception applies.Distributions may be subject to ordinary income taxes at the time of distribution and a 10% IRS early withdrawal penalty if withdrawn before age 59 ½ unless an exception applies.
More Information
Call 1-877-493-4727

Call 1-877-493-4727

Call 1-877-493-4727

Call 1-800-690-9721

Call 1-877-493-4727

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Wells Fargo offers several plans that make saving for retirement easier, including non-qualified plans. Call one of our experienced financial professionals at 1-877-493-4727.
 
Investment and Insurance Products: Are Not insured by the FDIC or any other federal government agency - Are Not deposits of or guaranteed by the Bank or any Bank Affiliate - May Lose Value
This information and any information provided by employees and representatives of Wells Fargo Bank N.A. is for educational purposes only and does not constitute investment, financial, tax or legal advice. Please contact your investment, financial, tax or legal advisor regarding your specific needs and situation.
Wells Fargo Advisors, LLC (Member SIPC) does not provide tax or legal advice. Please see your tax and legal advisors to determine how this information may apply to your own situation.
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