U.S. Department of Labor
Small Business Retirement Savings Advisor
| Eligible Employees |
| After you have reviewed information about eligible employees, please return to the previous page. |
| Eligibility | |
| Payroll Deduction IRA | Should be made available to all employees. |
| SEP-IRA | Must be offered to all employees who are at least 21 years of age, employed by the business for 3 of last 5 years and earned at least $600 in a year. |
| Simple-IRA | Must be offered to all employees who have earned at least $5,000 in previous 2 years. |
| Safe Harbor 401(k) | Must be offered to all employees at least 21 years of age who worked at least 1,000 hours in previous year. |
| Automatic Enrollment Safe Harbor 401(k) | Must be offered to all employees at least 21 years of age who worked at least 1,000 hours in previous year. |
| 401(k) | Must be offered to all employees at least 21 years of age who worked at least 1,000 hours in previous year. |
| Profit Sharing | Must be offered to all employees at least 21 years of age who worked at least 1,000 hours in previous year. |
| Defined Benefit | Must be offered to all employees at least 21 years of age who worked at least 1,000 hours in previous year. |
