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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! |
|
2024 Employee Contribution Limits |
$23,000 |
$7,000 |
|
Pretax and Roth Contributions |
Both Pretax and Roth |
Roth |
|
Annual Limit Employee + Employer |
$69,000 |
$7,000 |
|
Age 50+ Catch-up Contribution |
$7,500 |
$1,000 |
|
Employer Contribution Tax Credits |
None! |
|
|
Plan Costs as Business Deductions |
Your Choice |
None! |