Check System
Send us your comment!

Your comment will be read by our web staff, but will not be published.

Please do not enter any personal information. Your comment is voluntary and will remain anonymous, therefore we do not collect any information which would enable us to respond to any inquiries.

However, provides a How to Contact the IRS page where you will find guidance on where to submit specific questions.

Share this presentation
Copy and paste the following URL to share this presentation
To email a link to this presentation, click the following:
This program writes a small 'cookie' locally on your computer when you set a bookmark.
If you want to utilize this feature, check the following checkbox. Otherwise, bookmarks will be disabled.
This is an IRS
audio presentation.

To view this page, ensure that Adobe Flash Player
version 10 or greater is installed.

Get Adobe Flash player

It's your responsibility to ensure that you make the correct amount of employer contributions for the eligible employees in your SIMPLE IRA plan.

Failure to make the correct amount of employer contribution is a common mistake.

The required employer contribution is either 2% of an employee's compensation, regardless of whether they made a salary deferral contribution, or a matching contribution equal to an employee's salary deferral contribution -- up to 3% of the employee's compensation.

To avoid mistakes, the plan administrator should be familiar with the terms of the plan document and should make sure that the plan procedures ensure compliance with its terms.