Permalink Submitted by Alan - IRA critic on Tue, 2013-05-07 16:45
3% matching or 2% non elective contributions based on employee salary, or for SE owner the net earnings from SE. The employer must indicate which formula will be used by 11/1 of the prior year for an existing SIMPLE IRA. 250,000 is the max compensation eligible for calculating any match.
Permalink Submitted by Alan - IRA critic on Tue, 2013-05-07 16:45
3% matching or 2% non elective contributions based on employee salary, or for SE owner the net earnings from SE. The employer must indicate which formula will be used by 11/1 of the prior year for an existing SIMPLE IRA. 250,000 is the max compensation eligible for calculating any match.