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When must an employer make matching and nonelective contributions under a SIMPLE IRA plan?

April 26, 2017contributions employer IRA matching nonelective Plan simple

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When must an employer make matching and nonelective contributions under a SIMPLE IRA plan?

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Matching and nonelective employer contributions must be made to the financial institution maintaining the SIMPLE IRA no later than the due date for filing the employer’s income tax return, including extensions, for the taxable year that includes the last day of the calendar year for which the contributions are made.