A SIMPLE IRA is a retirement savings designed for small businesses with 100 or fewer employees. The lower costs and ease of setup make it appealing for small business owners who don’t want to ...

The deadline for distributing these materials is November 1, 2024. A notice with more detailed information, the UBS SIMPLE IRA Summary Description and a sample employee letter are posted below. We've ...

For example, a company just starting a SIMPLE IRA can elect to match 1% or 2% of each employee's salary for the first two calendar years of the plan, but then must ramp up its match to 3% for the ...

For example, if an individual withdraws funds from their SIMPLE IRA within the first two years of opening the account, they may face a penalty of 25% on the amount withdrawn rather than the ...