What Is Best Retirement Plan For A Small Business? 
Each business owner needs to determine which retirement plan is suitable for their organization . If the sole proprietor is also the only employee , with limited contributions an IRA may suffice . But if an IRA contribution is too low , an SEP IRA may be a better option . For employers who have several employees , a 401 -LRB- k -RRB- may serve the organization by offering such a plan as an employee recruiting and retention tool . 