These forms are the foundation of the SIMPLE IRA setup, outlining the plan agreement between the employer and the IRS. The choice between the two forms depends on whether the employer wants to ...

or if you want employees to choose their own bank or financial institution (Form 5304). The contribution limits on a SIMPLE IRA are lower than other retirement savings plans. That means your ...

Good news for workers participating in a SIMPLE IRA: Employers must make some form of a contribution to employees’ accounts. An employer can choose to either make a dollar-for-dollar match of up ...