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Contribution and Eligibility Calculator

Estimate your small business retirement plan contribution

Simplify the process of calculating contributions and determining employee eligibility in your business retirement plan with the Small Business Retirement Contribution Calculator.

Before getting started, make sure to have your:

  • Schedule C/K1 Net Profit or W-2 Income Statement
  • Census data on employees (if applicable). This includes month and year of hire, birthdate, and W-2 Income.
  • Current Plan Eligibility Rules (age requirement and service requirement).

Unique tool benefits for self-employed business owners

  • Model different levels of contribution easily to help narrow down the contribution amount that may work best for you.
  • Determine which of your employees may be eligible to receive plan contributions.
  • Calculate the eligible employees' contribution, in accordance with the self-employed business owner's contribution in a snap! Our unique functionality includes the complex "earned income formula".
  • Get a head start on your taxes and estimate your contribution level before finalizing your yearly contributions with a tax advisor.

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IMPORTANT INFORMATION

This Content Is Not Intended As A Recommendation

TD Ameritrade and Convergent Retirement Plan Solutions, LLC are separate and unaffiliated firms. Each is not responsible for the services or policies of the other. This tool is provided as a service for self-directed investors and is not a substitute for qualified tax advice. It is provided for educational purposes and is not a recommendation.

The tool calculations are based on information available in IRS Publication 560. The tool does not cover every possible situation. Calculation results are determined based on data entered into this tool, and are not based on plan documents you may have executed at TD Ameritrade or at another financial institution. Your specific plan documents and definitions must be consulted for detailed information, definitions, and potential exceptions. You should speak with a tax professional. Ask them any questions you may have about your tax situation or your eligibility to contribute to a retirement plan.

Taxes related to TD Ameritrade offers are your responsibility. All Promotional items and cash received during the calendar year will be included on your consolidated Form 1099. Please consult a legal or tax advisor for the most recent changes to the U.S. tax code and for rollover eligibility rules.

TD Ameritrade was evaluated against 14 other online brokers in the 2022 StockBrokers.com Online Broker Review. The firm was rated #1 in the categories "Platforms & Tools" (11 years in a row), "Desktop Trading Platform: thinkorswim®" (10 years in a row), "Active Trading" (2 years in a row), "Options Trading," "Customer Service," and "Phone Support." TD Ameritrade was also rated Best in Class (within the top 5) for "Overall Broker" (12 years in a row), "Education" (11 years in a row), "Commissions & Fees" (2 years in a row), "Offering of Investments" (8 years in a row), "Beginners" (10 years in a row), "Mobile Trading Apps" (10 years in a row), "Ease of Use" (6 years in a row), "IRA Accounts" (3 years in a row), "Futures Trading" (3 years in a row), and "Research" (11 years in a row). Read the full article.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2023 Charles Schwab & Co., Inc. All rights reserved.