SIMPLE IRA
In one sentence: A Savings Incentive Match Plan for Employees of small employers.
What it means
2024 employee deferral limit: $16,000 ($19,500 if 50+). Employer must match up to 3% or make a 2% non-elective contribution.
In one sentence: A Savings Incentive Match Plan for Employees of small employers.
2024 employee deferral limit: $16,000 ($19,500 if 50+). Employer must match up to 3% or make a 2% non-elective contribution.