IRS Launches New Retirement Plans Web site For Employers

September 13, 2009

The Internal Revenue Service recently launched a new Web site designed to help employers determine the best retirement plan to suit their employees’ needs.

The IRS Retirement Plans Navigator Web site www.retirementplans.irs.gov features side-by-side comparison of a multitude of retirement plans including 401(k) and profit sharing plans, defined benefit plans and tax-exempt plans. The goal, as stated by the IRS Employee Plans Office, is to encourage employers to establish retirement plans by providing them detailed information about each type of plan and information about how to maintain them and correct any plan errors.

In addition, the Web site provides an extensive FAQ section, a glossary of frequently used retirement plan terms and a comprehensive list of links to retirement plan information and resources.