Give your employees an added benefit and peace of mind — all without taking on large costs and administrative burdens. A SIMPLE IRA provides small companies an alternative to complex, tax-qualified retirement plans.
As your employee makes elective plan contributions, you simply match theirs. There's less reporting requirements involved. Best of all, your company's contributions are tax deductible.
*Matching contributions are required up to 3% of participating employees' compensation or a nonelective contribution of 2% is required for all eligible employees.