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Simple ira opt out Form: What You Should Know

SIMPLE IRA Plan FAQs — H.J. Heinz Companies The requirements for a SIMPLE IRA plan are the same as with other IRA plans. The Company has an obligation to make the following contributions: 25% of your annual pay, minus contributions made by you, plus This company contribution for employees is paid directly by the CEO or president as a lump sum through the 401(k) plan. If a plan sponsor is a nonprofit corporation, you must be an agent of such corporation, and, you must provide documentation of its authorization to administer the 401(k) plan on its behalf. A SIMPLE IRA is also designed to allow its sponsor to participate in the employer's contribution program by providing an additional level of investment flexibility. You will see that the plan sponsors of Aspire have an opportunity to participate in the employer's 401(k) plan by contributing another 25% of their pay (the maximum of the employee's contributions). This company's SIMPLE IRA plan offers both a regular and a Roth option, and employees can choose between such options on the SIMPLE IRA Schedule K-1. Note that the plan includes no requirement for employees to make annual SIMPLE IRA contributions.  Simple IRA Plan FAQs — Ameriprise Financial Services Company All participants are required, on the first of each calendar year, to make a minimum individual matching contribution of 4,500 or 25% of their pay, whichever is less. To request a copy of the Plan Sponsor Profile, or to obtain additional information on SIMPLE IRAs, including information about the SIMPLE IRA Plans offered by Aspire Financial Services Company, visit: Aspire Financial Services or Ameriprise Financial Services Company Employer Kit: 401(k) SIMPLE IRA Plan — Vanguard The plan sponsor and plan participants must have a SIMPLE IRA Plan in which the employee elects to contribute the maximum allowable amount at 12% (or a Roth IRA at its designated retirement date). The employer will make no contributions to the SIMPLE IRAs other than salary reduction contributions (described in. Article III, item 1) and matching or SIMPLE IRA Plans for Small Businesses SIMPLE IRA Plan as long as the employees are allowed to opt out or to change the amount of salary reduction contributions. Employee Contributions. The SIMPLE IRA Plan contains a matching component that can be set at 12.5% at the beginning of the plan year.

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