Which employees can participate in a Savings Incentive Match Plan for Employees (SIMPLE) IRA?
Employers who offer a SIMPLE IRA plan must make it available to all employees who expect to earn at least $5,000 in compensation during the calendar year and have earned at least $5,000 with that employer in any two preceding calendar years. An employer may decide to set less restrictive requirements, making the plan available to more employees. Employee participation is voluntary.
Related Questions
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