Which of the following is NOT a retirement savings option for small employers?

The correct answer reflects that a pension plan is not typically considered a retirement savings option specifically designed for small employers. Pension plans, particularly traditional defined benefit pension plans, typically require more significant financial commitment and administration, making them less feasible for smaller businesses.

On the other hand, the other options—SEP (Simplified Employee Pension), SIMPLE-401(k), and SIMPLE-IRA—are all designed with small employers in mind, providing simpler administrative processes and lower costs. SEP plans allow employers to contribute to traditional IRAs set up for employees, while SIMPLE plans (both IRA and 401(k) types) offer simpler rules and lower contribution limits than standard retirement plans. These structures aim to encourage small businesses to offer retirement benefits without the complexity or administrative burden associated with traditional pension plans.