Simple IRA Kit
Are you a business owner looking for a cost-effective way to retain quality employees? A Savings Incentive Match Plan for Employees (SIMPLE) IRA may be the type of account for you.
A SIMPLE IRA is an employer-sponsored plan, much like a 401(k), though with lower administrative costs.
As the employer, you may elect to match your workers’ contributions up to 3%, or you may elect to make a flat 2% contribution on behalf of the employee.
The SIMPLE IRA is a salary reduction contribution plan and is subject to social security, Medicare, and Federal Unemployment Tax Act (FUTA)
| Contribution Limits | Under age 50 | Over age 50 |
| Tax Year 2009 | $11,500 | $14,000 |
| Tax year 2010 | $11,500 | $14,000 |
If you feel you can benefit from alternative investments, take the first step and open an account today.
- Real Estate Simple IRA Kit
- Private Company SIMPLE IRA Kit
- Private Debt SIMPLE IRA Kit
- SIMPLE IRA Kit
If you have questions or need assistance, please contact us at help@kingdomtrustco.com or call our representatives at 888-753-6972.