Even more SIMPLE IRA questions
1. Are independent contractors required to be covered under SIMPLE IRA plans?
2. Is it mandatory to give employees who do not meet the eligibility requirements the annual notification?
1. Are independent contractors required to be covered under SIMPLE IRA plans?
2. Is it mandatory to give employees who do not meet the eligibility requirements the annual notification?
Permalink Submitted by Alan Spross on Sat, 2012-11-03 00:03
1) No. Only employees can be covered.
2) No. Only employees that are eligible to contribute.