Retirement
SIMPLE IRA vs 401(k) for small business — which should I choose?
Quick Answer
SIMPLE IRAs are cheap and easy with no Form 5500 but cap deferrals at $16,500. 401(k)s cost $1,500–$3,000/year to administer but let owners save up to $70,000 and add Roth, profit-sharing, vesting schedules, and loans. Choose by owner savings goals.
Warren Team
Updated April 26, 2026
41
Warren Team
Updated April 26, 2026
41
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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