SIMPLE IRAs are employer sponsored retirement plans available to small businesses with 100 or fewer employees. They offer ease of management due to low start-up and operating costs and a lack of discrimination testing requirements found in some other retirement plans.
- Both employer and employee can contribute
- Employer must make either a 2% non-elective or a 3% matching contribution
- Employees are always 100% vested
- Penalty free distributions after 59 ½
- Required minimum distributions begin by 70 ½
Call 864-288-2849 or submit a contact form to learn more and get started.