Services offered through Buckingham Capital Management, Inc.
|401k/Roth||SIMPLE IRA||SEP IRA|
|Who can contribute||Employee, Employer optional||Employee and Employer||Employer only, must contribute for all eligible employees|
|Maximum employee contribution||$18,000 $6,000(catch-up contribution for those over 50 years old)||$12,500 $3,000 (catch-up contribution for those over 50 years old)||Not available|
|Employer contributions||From payroll with $54,000 cap (additional $6,000 catch-up if over 50 years old)||Required match of 100% on first 3% of participating employee contributions, or 2% of all eligible employee salaries||Up to 25% of W-2 payroll with a cap of $54,000|
|Vesting options for employer contributions||Multiple year options or immediate||Immediate||Immediate|
|Access to assets before age 59 1/2||Penalty free loans or 10% penalty for early withdrawal||25% penalty if withdrawn within the first two years of participating, 10% penalty thereafter||10% penalty for early withdrawal|