SIMPLE IRA Eligibility
Can an employer choose a 6month eligibility requirement for participation in their SIMPLE IRA plan? The IRS Model Document indicates “enter 0, 1, or 2” for previous years prior compensation. Is this because everything with a SIMPLE is done on a full calendar year basis? Can it be altered if a client is not using the IRS model document?
Submitted by Alanna Crawford on Mon, 2011-01-10 20:30