Steve Jones
Business Owners... Consider Setting Up a Simple IRA at Work
SIMPLE accounts may accept rollovers from expanded list of retirement plans. In general, an employer with 100 or fewer employees that doesn't have a qualified plan can establish a “SIMPLE” (savings incentive match plan for employees) retirement plan, without having to meet most requirements for qualified plans. Under prior law, the only contributions allowed to a SIMPLE retirement account were contributions under a qualified salary reduction arrangement or rollovers or transf