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 Table of Contents
 • Simple IRA Plans Introduction
 • Who is Eligible for an IRA Account
 • Employer IRA Contributions
 • SIMPLE-IRA vs. 401(k)
 • Pricing
 • Special Tips

Special Tips

Shop Around
Make sure to shop around and get several quotes--annual fees can vary drastically.

Survey Your Staff
Get a sense for how eager employees are to contribute to their accounts. The fixed contribution may be more cost-effective if employees decide not to defer their salaries.

Different Needs for Growing Companies
As you grow, you may find that a 401(k) plan may make more sense. By the same token, tight cash flow might mean that the SIMPLE-IRA may need to be temporarily put on hold.


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