Simple IRA
- Are you an owner-only business or a business with less than 100 employees?
- Are you looking for a retirement plan with minimal paperwork and expense and flexibility of contribution limits?
- Are you currently an ADP EasyPay client?
If you answered yes to these questions, then a simple IRA may be just right for you. It offers an easy way to begin retirement savings.
Benefits:
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Save Time – seamlessly integrated with ADP payroll services.
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Save Money - low administration effort and costs minimize your expenses.
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Flexible Contributions - participants can make contributions of up to $11,500 per individual in 2010 ($14,000 for individuals age 50 and over)
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Tax Credits Available - businesses may receive a tax credit of up to $1,500 over three years for administrative expenses related to establishing a new SIMPLE IRA plan.
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Premier Investment Options - participants have a wide range of investment options through ADP's alliance with Fidelity Investments®.
Plan Highlights
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Automated contributions – employee deferrals and employer matching contributions
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Participants direct their own investments
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Secure, easy-to-use 24/7 Voice Response System for your plan participants **
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Withdrawals at any time, but IRS penalties encourage long-term savings focus
Interested in learning more? Contact us or call 1.800.432.4015.
ADP Broker-Dealer Inc., One ADP Boulevard, Roseland, NJ 07068 serves as a broker of record for the SIMPLE IRA. Member FINRA.
**24/7 generally means account access 24 hours a day, 7 days a week, except when systems are unavailable due to scheduled maintenance.