In the retirement industry, we throw around several vernaculars that are foreign to the normal...
Do you live in an auto-IRA program state? As of June 30, 2024, 17 states established auto-IRA...
Pooled Employer Plan vs. State Auto IRA
| Trait | Castle Rock PEP | State Auto IRA |
|
Investment Options |
Professionally Managed |
Government Selected |
|
Employer Match |
Employer Option |
None! |
|
2025 Employee Contribution Limits |
$23,500 |
$7,000 |
|
Pretax and Roth Contributions |
Both Pretax and Roth |
Roth |
|
Annual Limit Employee + Employer |
$70,000 |
$7,000 |
|
Age 50+ Catch-up Contribution |
$7,500 |
$1,000 |
|
"Super"Catch-up for Age 60-63 |
$3,750 |
None! |
|
Employer Contribution Tax Credits |
None! |