A SIMPLE Solution for Small Businesses

A SIMPLE IRA is a low-maintenance, inexpensive and straightforward retirement plan. Best of all, they are easy to understand!

Key Features

• No cost to establish
• Minimal government reporting requirements
• No annual non-discrimination testing
• Employee salary deferral contributions may be made on a pre-tax or Roth (after-tax) basis, if permitted under plan terms
• Mandatory employer match of dollar for dollar up to 3% of compensation or 2% non-elective contribution¹
• Reduced matching contribution permitted in two out of five years, as allowed under IRS rules
• Tax-deferred account growth
• Minimal employer involvement
• Up to 2-year waiting period
• Free illustration and comparison reports

Let us help you make your small business clients’ retirement SIMPLE. 

_{¹Employers have the option to make an additional non-elective contribution up to a maximum of 10% of the employee’s compensation or $5,000 per year whichever is less. This contribution is in addition to the employer standard contribution (match or non-elective). SECURE 2.0 allows a higher contribution limit for employers with no more than 25 employees. Employers with 26-100 employees can allow the higher limit, but only by providing either a 4% Match or 3% non-elective contribution.}