2017 Retirement Plan Comparison Chart

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1 Employer s Discretionary: not Discretionary: not 100% on the first 3% of employee deferral plus 50% on the next 2% of employee deferral 3% of to all eligible 100% up to 3% of 2% of to eligible Discretionary; not Discretionary; cannot exceed the lesser of 25% of the or $54, % up to 3% of (may be reduced to 1% in 2 of any 5 years) 2% of to all eligible Catch-up contributions for those age 50 and older $3,000 for 2017 N/A N/A $3,000 for 2017 eligibility union year; union union year; two years if 100% vested; may have earned in three of the past five years; received of at least $450; may All earning $5,000 for any past two years and is expected to do so in current year; no age limit permitted; may Who directs investments IRS Reporting by Form 5500 Form 5500-EZ when plan assets reach $250,000 Form 5500 Form 5500 Form 5500 ne ne

2 Basic plan type IRA based IRA Based Who adopts Corporations, companies no common law corporations 100 or fewer eligible corporations and small businesses 100 or fewer Can sponsor other qualified plans Who can contribute ; contributions are optional ; contributions are optional and and Employer Employer and Cost index Low to High depending upon design complexity, service model adopted and other factors Low to Medium Low to Medium Low to Medium Low to High depending on design complexity, service model adopted and other factors Low Low Maximum employee deferral contributions $12,500 for 2017 ne ne. s are by Employer only $12,500 for 2017

3 Establishment Deadline By the last day of the plan year for plan is effective By the last day of the plan year for which the plan is effective January 1 and October 1; may not have an effective date that is before the date the plan the plan is actually adopted January 1 and October 1; as soon as feasible for businesses established after October 1st By the last day of the plan year for plan is effective Established by the January and October 1; as soon as feasible for businesses established after October 1st Funding deadline made; deduction is being Unincorporated businesses /employee contributions: by the deduction is being ; incorporated businesses contributions: by taxfiling date plus extensions and employee soon as later than 15 business days after the month in deferrals were made made; deduction is being made; s must deduction is being Funded by the time the corporate tax return (with be deposited within 30 days after the end of the month in amounts would otherwise have been payable to the employee in cash;

4 Can rollover to: IRA SIMPLE IRA ROTH IRA SEP IRA SIMPLE 401(k) 401(k) 403(b) Governmental (k) Minimum Vesting Immediate on contributions; Employer contributions can be subject to vesting schedule Immediate Immediate Immediate Employer contributions can be subject to vesting schedule Immediate Immediate Loans Employer option Employer option Employer option Employer option Employer option

5 When can withdrawals be be made be made for the following withdrawals are be made be made be made be at any time; withdrawals prior to an age 59 ½ may be subject to IRS penalties; be at any time; withdrawals prior to an age 59 ½ and within the first 2 years of participation, may be subject to a 25% early withdrawal after 2 years, a 10% early withdrawal penalty would apply; 1. Even though a plan may accept rollovers, they are not required to do so. Hardships distributions cannot be rolled over. 2. Only after the individual has participated in the SIMPLE IRA for two years. 3. Some professionals do not believe that the IRS Code permits such a rollover. 4. There is an exception to this rule which allows an employee who retires during the calendar year in y turn 55, or later, to withdraw without penalty. IMPTANT NOTE: This chart is not intended as a comprehensive or detailed review of each plan type. It is intended to be general in nature. As a result, exceptions to each plan feature can exist. Be sure to consult with a professional planner or consultant before you act on any information contained in this chart.