Open an Account: Set up your Individual 401(k) account with the chosen provider. Some states are set to require all but their smallest businesses that don't already offer a qualified plan to enroll their workers in new statesponsored IRA.Our retirement services team works exclusively with companies and their employer-sponsored retirement plans. We provide comprehensive advisory services. Information on retirement plans for small businesses and the selfemployed. Choose a Plan, Maintain a Plan, Find or Fix Plan Errors, Plan Benefits. Form 5500 deadline: Every year, a business must submit Form 5500 to document their company's employee retirement plan and meet ERISA requirements. Some of the most popular retirement plans for small to large businesses include pensions, profit-sharing plans, and 401(k) plans. Considering a retirement plan for your small business? We'll guide you on plan types, ERISA, fiduciary duties, SECURE 2.0, and more.