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What are the eligibility requirements for opening a SIMPLE-IRA plan? Which Employers Can Establish a SIMPLE-IRA Plan?

April 26, 2017eligibility employers opening Plan requirements simple-ira

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What are the eligibility requirements for opening a SIMPLE-IRA plan? Which Employers Can Establish a SIMPLE-IRA Plan?

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Generally, SIMPLE-IRA plans can be established by any business with 100 or fewer employees who earned $5,000 or more in the preceding year, and which does not currently maintain any other retirement plan. Click here for more information or call a Retirement Specialist at 800-544-5373.