Age
40
45
50
55
60
Max. Annual Tax defer Contribution $33,000
$52,000
$78,000
$93,000
$125,000
| A Simple IRA is a replacement for SEP_SARSEP. It eligible employees to defer salary or earnings up to $6000 per year. Employer $1 for $1 matching contributions up to 3% of an employee’s compensation. In two out of any five years, employer may lower the match to no less than 1% of compensation. Alternatively, an employer may make non-elective contributions equal to 2% of employees compensation whether or not employees elect to defer. . Info request |
