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| SEP | SIMPLE | ProfitSharingPlan | 401k | |
| Maximum employee contributionthrough age 49 | Not allowed | $13,500 | Not applicable | $19,500 |
| Maximum employee contributionage 50+ | Not allowed | $16,500 | Not applicable | $26,000 |
| Maximum employer contributionthrough age 49 | $57,000 | $13,500 | $57,000 | $57,000 |
| Maximum employer contributionage 50+ | $57,000 | $16,500 | $63,500 | $63,500 |
| Maximum combined contributions through age 49 | $57,000 | $27,000 | $57,000 | $57,000 |
| Maximum combined contributions age 50+ | $57,000 | $33,000 | $63,500 | $63,500 |
| Other maximum thatsupersedes the above | 25% of compensation | Employer canmatch up to3% of compensation | Firm may notdeduct morethan 25% oftotal payroll | 100% ofemployee deferrals |
| Are employercontributions required? | No | Yes | No | No |
| Administration | Practically none:basically an IRAfor the owner | Minimal:akin to a seriesof IRA accounts | IRS form 5500required plus recordkeeping for vestingand other items | IRS form 5500required plus recordkeeping for vestingand other items |