Retirement
» Retirement, Volume 5, Issue 3, 2005
If respondent is owner or expectant owner AND sponsors an employee pension plan.
6a. What type of a pension plan is it? Is it a:?
| Response | ||||
|---|---|---|---|---|
| 1 | 401(k) | 36 | ||
| 2 | SEP, also known as a Simplified Employee Plan | 19 | ||
| 3 | SIMPLE plan | 21 | ||
| 4 | Profit-sharing | 9 | ||
| 5 | Defined benefit plan | 6 | ||
| 6 | (IRA) | 3 | ||
| 7 | (Other) | 5 | ||
| 8 | DK/Refuse | 2 | ||
| Total (%) | 101 | |||
| N | 262 | |||
Notes: Thirty-six (36) percent of all small-business owners and expectant owners, now managers, who sponsor an employee pension plan instituted a 401(k) plan (Q#6a).
