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5304 simple 2023 Form: What You Should Know
Participating Authority but does Contain Information about a Plan that is Required to Be Formed in a Participating Authority F. The Form Five304-SIMPLE (Rev. March 2012) and Form 5305-SIMPLE are similar plans created to give eligible plan participants the option of selecting a financial institution for their SIMPLE IRA. The rules governing the selection of an eligible financial organization for the purpose of establishing an SIMPLE IRA for an eligible plan participant will only be addressed when a participant elects the SIMPLE IRA.
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