Simple IRA
2 owners. 1 employee.
Client wants to open Simple IRA to allow the 1 employee to participate. The 2 owners will not participate. Can owners not participate in the Simple IRA?
2 owners. 1 employee.
Client wants to open Simple IRA to allow the 1 employee to participate. The 2 owners will not participate. Can owners not participate in the Simple IRA?
Permalink Submitted by Alan - IRA critic on Wed, 2021-09-15 15:21
Yes, the owners are treated like any other employee who declines to participate.
Permalink Submitted by William Tuttle on Thu, 2021-09-16 01:51
I’m curious. Why would the owners not want to participate?